Farmers & Merchants (FMAO) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $0.94
- Forward yield
- 2.70%
- Payout ratio
- 39.3%
Farmers & Merchants Bancorp pays a quarterly dividend. Over the trailing twelve months, payouts totaled $0.9175 per share, providing a yield of 2.63% at a share price of $34.92. The company has declared its next quarterly dividend of $0.24 per share, alongside an additional $0.01 per share payout, with an ex-dividend date of October 9, 2026, and a payment date of October 20, 2026. The $0.24 rate represents a $0.01, or 4.35%, increase from the previous $0.23 quarterly rate.
The company holds a 4-year dividend growth streak. Annual totals increased from $0.66 per share in 2020 to $0.71 in 2021, $0.8125 in 2022, $0.85 in 2023, $0.8825 in 2024, and $0.90 in 2025. Dividend increases have generally taken effect in the third or fourth quarter. An additional payment of $0.0125 per share also occurred alongside the $0.19 regular quarterly payout in July 2022.
If Farmers & Merchants Bancorp follows its established payment pattern, the next dividend after the October 2026 distribution will likely have an ex-dividend date in late December 2026 with payment in January 2027.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Sep 29, 2026 | Oct 9, 2026 | Oct 20, 2026 | $0.01 |
| Sep 29, 2026 | Oct 9, 2026 | Oct 20, 2026 | $0.24 |
| Jun 30, 2026 | Jul 10, 2026 | Jul 20, 2026 | $0.23 |
| Mar 24, 2026 | Apr 2, 2026 | Apr 20, 2026 | $0.23 |
| Dec 16, 2025 | Dec 29, 2025 | Jan 20, 2026 | $0.23 |
| Sep 30, 2025 | Oct 10, 2025 | Oct 20, 2025 | $0.23 |
| Jun 24, 2025 | Jul 7, 2025 | Jul 20, 2025 | $0.22 |
| Mar 25, 2025 | Apr 4, 2025 | Apr 20, 2025 | $0.22 |
| Dec 17, 2024 | Dec 27, 2024 | Jan 20, 2025 | $0.22 |
| Sep 24, 2024 | Oct 4, 2024 | Oct 20, 2024 | $0.22 |
| Jun 25, 2024 | Jul 5, 2024 | Jul 20, 2024 | $0.22 |
| Mar 19, 2024 | Mar 27, 2024 | Apr 20, 2024 | $0.22 |
| Dec 19, 2023 | Dec 28, 2023 | Jan 20, 2024 | $0.22 |
| Sep 26, 2023 | Oct 5, 2023 | Oct 20, 2023 | $0.21 |
| Jun 27, 2023 | Jul 6, 2023 | Jul 20, 2023 | $0.21 |
| Mar 21, 2023 | Mar 30, 2023 | Apr 20, 2023 | $0.21 |
| Dec 20, 2022 | Dec 29, 2022 | Jan 20, 2023 | $0.21 |
| Sep 16, 2022 | Sep 23, 2022 | Oct 20, 2022 | $0.21 |
| Jun 28, 2022 | Jul 7, 2022 | Jul 20, 2022 | $0.19 |
| Jun 28, 2022 | Jul 7, 2022 | Jul 20, 2022 | $0.01 |
Frequently asked questions
Does Farmers & Merchants (FMAO) pay a dividend?
Yes. Farmers & Merchants pays a quarterly dividend; the most recent payment was $0.01 per share.
What is FMAO's dividend yield?
Farmers & Merchants paid $0.94 per share over the trailing twelve months, a yield of 2.70% at the last price of $34.87. Click here to learn more
When is FMAO's most recent ex-dividend date?
Farmers & Merchants's most recent ex-dividend date is Oct 9, 2026, payable on Oct 20, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.