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Celebrating the Success of Farmers & Merchants Bancorp
Lodi, California – November 13, 2024
It’s time to break out the champagne and celebrate because Farmers & Merchants Bancorp (OTCQX: FMCB) has some exciting news to share! The parent company of Farmers & Merchants Bank of Central California has declared a year-end cash dividend of $9.30 per share. That’s a 5.68% increase over the cash dividends declared earlier this year and last year.
For all the shareholders out there, mark your calendars for January 2, 2025, because that’s when the cash dividend will be payable to those of you on record as of December 4, 2024. Total cash dividends declared for 2024 have increased to $18.10 per share, up from $17.10 in 2023. Not too shabby!
The Company’s net income for the trailing twelve months through the third quarter of 2024 was $118.46 per share, showing a 3.79% increase over the previous year. This results in a dividend payout ratio of 15.28%, which is music to our ears!
It’s always nice to see companies thriving and rewarding their shareholders for their support. So, here’s to Farmers & Merchants Bancorp and all the good things to come in the world of finance!
How does this news affect you?
As a shareholder of Farmers & Merchants Bancorp, this news means more money in your pocket! With a higher cash dividend per share and a growing net income, you can expect to see a nice return on your investment. So, sit back, relax, and watch your wealth grow!
How does this news affect the world?
When a company like Farmers & Merchants Bancorp succeeds, it has a ripple effect on the world of finance. A strong financial institution benefits not only its shareholders but also the economy as a whole. As dividends increase and net income grows, it creates a positive impact on the market and boosts investor confidence. So, cheers to a prosperous future!
In Conclusion
Congratulations to Farmers & Merchants Bancorp on their continued success and growth. With a higher cash dividend per share, increasing net income, and a bright future ahead, the world of finance is looking brighter than ever. Here’s to more prosperity, more dividends, and more reasons to celebrate! Cheers!
