FMAO - NASDAQ
Farmers & Merchants Bancorp, Inc.
$27.14
-3.2%Farmers & Merchants Bancorp, Inc. operates as the bank holding company for The Farmers & Merchants State Bank that provides commercial banking services to individuals and small businesses in northwest Ohio and northeast Indiana. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts. It also provides commercial, agricultural, and residential mortgage, as well as consumer and credit card lending products; loans for farmland, farm equipment, and livestock; operating loans for seeds, fertilizers, and feeds; home improvement loans; and loans for autos, trucks, recreational vehicles, and motorcycles. In addition, the company offers commercial real estate loans, such as lines of credit and machinery purchase loans. Further, it provides automated teller machine or interactive teller machine services; and online and mobile banking, remote deposit capture or electronic deposit processing, and merchant credit card services. It also offers electronic transaction origination, such as wire and automated clearing house file transmittal services. Farmers & Merchants Bancorp, Inc. was founded in 1897 and is headquartered in Archbold, Ohio.
At a Glance
Live SnapshotFarmers & Merchants Bancorp, Inc. Dividend History
FMAO Dividend Payment History
Total Payments
50
Latest Dividend
$0.2300
Annual Amount
$1.1300
Frequency
Quarterly
| Declaration | Ex-Date | Payment Date | Dividend | Adjusted | Frequency | Growth |
|---|---|---|---|---|---|---|
Mar 24, 2026 | Apr 3, 2026 | Apr 20, 2026 | $0.2300 | $0.2300 | Quarterly | 0.00% |
Dec 16, 2025 | Dec 29, 2025 | Jan 20, 2026 | $0.2300 | $0.2300 | Quarterly | +0.88% |
Sep 30, 2025 | Oct 10, 2025 | Oct 20, 2025 | $0.2280 | $0.2280 | Quarterly | +3.17% |
Jun 24, 2025 | Jul 7, 2025 | Jul 20, 2025 | $0.2210 | $0.2210 | Quarterly | 0.00% |
Mar 25, 2025 | Apr 4, 2025 | Apr 20, 2025 | $0.2210 | $0.2210 | Quarterly | 0.00% |
Dec 17, 2024 | Dec 27, 2024 | Jan 20, 2025 | $0.2210 | $0.2210 | Quarterly | 0.00% |
Sep 24, 2024 | Oct 4, 2024 | Oct 20, 2024 | $0.2210 | $0.2210 | Quarterly | +0.45% |
Jun 25, 2024 | Jul 5, 2024 | Jul 20, 2024 | $0.2200 | $0.2200 | Quarterly | 0.00% |
Mar 19, 2024 | Mar 29, 2024 | Apr 20, 2024 | $0.2200 | $0.2200 | Quarterly | 0.00% |
Dec 19, 2023 | Dec 29, 2023 | Jan 20, 2024 | $0.2200 | $0.2200 | Quarterly | +4.76% |
Sep 26, 2023 | Oct 6, 2023 | Oct 20, 2023 | $0.2100 | $0.2100 | Quarterly | 0.00% |
Jun 27, 2023 | Jul 7, 2023 | Jul 20, 2023 | $0.2100 | $0.2100 | Quarterly | 0.00% |
Mar 21, 2023 | Apr 1, 2023 | Apr 20, 2023 | $0.2100 | $0.2100 | Quarterly | 0.00% |
Dec 20, 2022 | Dec 30, 2022 | Jan 20, 2023 | $0.2100 | $0.2100 | Quarterly | 0.00% |
Sep 16, 2022 | Sep 26, 2022 | Oct 20, 2022 | $0.2100 | $0.2100 | Quarterly | +3.45% |
Jun 28, 2022 | Jul 8, 2022 | Jul 20, 2022 | $0.2030 | $0.2030 | Quarterly | +6.84% |
Mar 22, 2022 | Apr 1, 2022 | Apr 20, 2022 | $0.1900 | $0.1900 | Quarterly | 0.00% |
Dec 17, 2021 | Dec 28, 2021 | Jan 20, 2022 | $0.1900 | $0.1900 | Quarterly | +5.56% |
Sep 17, 2021 | Sep 28, 2021 | Oct 20, 2021 | $0.1800 | $0.1800 | Quarterly | +5.88% |
Jun 16, 2021 | Jun 28, 2021 | Jul 20, 2021 | $0.1700 | $0.1700 | Quarterly | 0.00% |
Mar 19, 2021 | Mar 31, 2021 | Apr 20, 2021 | $0.1700 | $0.1700 | Quarterly | 0.00% |
Dec 18, 2020 | Dec 29, 2020 | Jan 20, 2021 | $0.1700 | $0.1700 | Quarterly | 0.00% |
Sep 18, 2020 | Sep 29, 2020 | Oct 20, 2020 | $0.1700 | $0.1700 | Quarterly | +6.25% |
Jun 16, 2020 | Jun 29, 2020 | Jul 20, 2020 | $0.1600 | $0.1600 | Quarterly | 0.00% |
Mar 20, 2020 | Mar 31, 2020 | Apr 20, 2020 | $0.1600 | $0.1600 | Quarterly | 0.00% |
Dec 20, 2019 | Dec 31, 2019 | Jan 20, 2020 | $0.1600 | $0.1600 | Quarterly | +6.67% |
Sep 20, 2019 | Oct 1, 2019 | Oct 20, 2019 | $0.1500 | $0.1500 | Quarterly | 0.00% |
Jun 5, 2019 | Jun 17, 2019 | Jul 20, 2019 | $0.1500 | $0.1500 | Quarterly | 0.00% |
Mar 15, 2019 | Mar 26, 2019 | Apr 20, 2019 | $0.1500 | $0.1500 | Quarterly | 0.00% |
Dec 21, 2018 | Dec 31, 2018 | Jan 20, 2019 | $0.1500 | $0.1500 | Quarterly | +7.14% |
Sep 21, 2018 | Oct 2, 2018 | Oct 20, 2018 | $0.1400 | $0.1400 | Quarterly | 0.00% |
Jun 15, 2018 | Jun 26, 2018 | Jul 20, 2018 | $0.1400 | $0.1400 | Quarterly | +7.69% |
Mar 16, 2018 | Mar 27, 2018 | Apr 20, 2018 | $0.1300 | $0.1300 | Quarterly | 0.00% |
Dec 15, 2017 | Dec 26, 2017 | Jan 20, 2018 | $0.1300 | $0.1300 | Quarterly | 0.00% |
Sep 15, 2017 | Sep 26, 2017 | Oct 20, 2017 | $0.1300 | $0.1300 | Quarterly | +4.00% |
Jun 13, 2017 | Jun 26, 2017 | Jul 20, 2017 | $0.2500 | $0.1250 | Quarterly | +8.70% |
Mar 17, 2017 | Mar 28, 2017 | Apr 20, 2017 | $0.2300 | $0.1150 | Quarterly | 0.00% |
Dec 16, 2016 | Dec 27, 2016 | Jan 20, 2017 | $0.2300 | $0.1150 | Quarterly | 0.00% |
Sep 16, 2016 | Sep 27, 2016 | Oct 20, 2016 | $0.2300 | $0.1150 | Quarterly | -50.00% |
Jun 17, 2016 | Jul 1, 2016 | Jul 20, 2016 | $0.2300 | $0.2300 | Quarterly | +100.00% |
Jun 17, 2016 | Jun 28, 2016 | Jul 20, 2016 | $0.2300 | $0.1150 | Quarterly | 0.00% |
Mar 18, 2016 | Mar 29, 2016 | Apr 20, 2016 | $0.2200 | $0.1100 | Quarterly | -50.00% |
Dec 18, 2015 | Dec 29, 2015 | Jan 20, 2016 | $0.2200 | $0.2200 | Quarterly | +100.00% |
Sep 18, 2015 | Sep 29, 2015 | Oct 20, 2015 | $0.2200 | $0.1100 | Quarterly | 0.00% |
Jun 19, 2015 | Jun 30, 2015 | Jul 20, 2015 | $0.2200 | $0.1100 | Quarterly | +4.76% |
Mar 20, 2015 | Mar 31, 2015 | Apr 20, 2015 | $0.2100 | $0.1050 | Quarterly | 0.00% |
Dec 19, 2014 | Dec 31, 2014 | Jan 20, 2015 | $0.2100 | $0.1050 | Quarterly | 0.00% |
Sep 19, 2014 | Oct 1, 2014 | Oct 20, 2014 | $0.2100 | $0.1050 | Quarterly | 0.00% |
Jun 20, 2014 | Jul 1, 2014 | Jul 20, 2014 | $0.2100 | $0.1050 | Quarterly | 0.00% |
Mar 21, 2014 | Apr 1, 2014 | Apr 20, 2014 | $0.2100 | $0.1050 | Quarterly | - |
Farmers & Merchants Bancorp, Inc. Payout Ratio Analysis
Dividend Sustainability Analysis
Payout Ratio
Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.
FCF Payout Ratio
Excellent FCF coverage. Dividend is well-supported by actual cash generation with ample room for increases and business reinvestment.
Dividend Growth
Dividend cut is concerning. Investigate whether due to one-time factors or fundamental business deterioration. Reassess dividend sustainability.
Sustainability
Sustainable dividend with adequate coverage. Some areas for improvement but overall appears safe for dividend investors.
Related Guides
Continue your FMAO research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.