Farmers Merchants Bancorp (OTCQX:FMCB) Increases Cash Dividend for the 56th Consecutive Year
LODI, Calif., May 13, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers Merchants Bancorp, a bank holding company headquartered in Lodi, California, declared a mid-year cash dividend of $7.50 per share, an increase over the $7.25 per share paid in July of 2020. The cash dividend is payable on July 1, 2021, to shareholders of record on June 11, 2021. Kent A. Steinwert, Chairman, President and CEO noted, The Board is pleased with the Companys record first quarter 2021 and record full-year 2020 financial results and unanimously approved the cash dividend. This year marks the 86 th consecutive year that Farmers Merchants Bancorp has paid cash dividends and the 56 th consecutive year we have increased dividends. As a result of the reliability of our cash dividends over many decades, we remain a member of a select group of only 31 publicly traded companies designated as Dividend Kings by Sure Dividend.
Farmers Merchants Bancorp (OTCQX:FMCB) Increases Cash Dividend for the 56th Consecutive Year
LODI, Calif., May 13, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Farmers Merchants Bancorp, a bank holding company headquartered in Lodi, California, declared a mid-year cash dividend of $7.50 per share, an increase over the $7.25 per share paid in July of 2020. The cash dividend is payable on July 1, 2021, to shareholders of record on June 11, 2021. Kent A. Steinwert, Chairman, President and CEO noted, The Board is pleased with the Companys record first quarter 2021 and record full-year 2020 financial results and unanimously approved the cash dividend. This year marks the 86 th consecutive year that Farmers Merchants Bancorp has paid cash dividends and the 56 th consecutive year we have increased dividends. As a result of the reliability of our cash dividends over many decades, we remain a member of a select group of only 31 publicly traded companies designated as Dividend Kings by Sure Dividend.