Farmers & Merchants Bancorp stock: dividend
FMAOFarmers & Merchants Bancorp paid $0.94 per share over the last twelve months, 2.55% on the price, and has not cut its dividend for 9 years.
Daily figure as of 13 Nov 2026
The amounts for the last 12 months and paid in fiscal 2025 differ if the company has raised or cut its dividend since then.
For banks and insurers we do not show whether free cash flow covers the dividend: there it mostly reflects movements in loans and deposits. The score leaves it out as well.
Dividend dates and payments
Anyone holding the stock on the day before the ex-dividend date receives the dividend. Amounts are per share, before tax.
All 20 payments of the last five years
| Ex-dividend date | Payment date | Dividend per share |
|---|---|---|
| 9 Oct 2026 | 20 Oct 2026 | $0.2500 |
| 10 Jul 2026 | 20 Jul 2026 | $0.2300 |
| 2 Apr 2026 | 20 Apr 2026 | $0.2300 |
| 29 Dec 2025 | 20 Jan 2026 | $0.2300 |
| 10 Oct 2025 | 20 Oct 2025 | $0.2275 |
| 7 Jul 2025 | 20 Jul 2025 | $0.2213 |
| 4 Apr 2025 | 20 Apr 2025 | $0.2213 |
| 27 Dec 2024 | 20 Jan 2025 | $0.2213 |
| 4 Oct 2024 | 20 Oct 2024 | $0.2213 |
| 5 Jul 2024 | 20 Jul 2024 | $0.2200 |
| 27 Mar 2024 | 20 Apr 2024 | $0.2200 |
| 28 Dec 2023 | 20 Jan 2024 | $0.2200 |
| 5 Oct 2023 | 20 Oct 2023 | $0.2100 |
| 6 Jul 2023 | 20 Jul 2023 | $0.2100 |
| 30 Mar 2023 | 20 Apr 2023 | $0.2100 |
| 29 Dec 2022 | 20 Jan 2023 | $0.2100 |
| 23 Sep 2022 | 20 Oct 2022 | $0.2100 |
| 7 Jul 2022 | 20 Jul 2022 | $0.2030 |
| 31 Mar 2022 | 20 Apr 2022 | $0.1900 |
| 27 Dec 2021 | 20 Jan 2022 | $0.1900 |
Is today's dividend yield unusually high?
Dividend yield today
2.55%
within the usual range$0.94 dividend per share over the last twelve months on a price of $36.88
Today 2.55%, on average over fiscal years 2016 to 2025 2.70% (range 1.19 to 3.58%).
The yield is close to the average of recent fiscal years, less than a tenth above or below it.
Since the end of fiscal 2025 on 31 Dec 2025, the price has risen more than the dividend, so the yield has fallen.
- Fiscal year
- Today, last 12 months
For each fiscal year, the dividend per share for that year divided by the closing price on the last trading day of the fiscal year. The dashed line is the average (median) of the fiscal years.
Dividend development
Dividend per share
Payout ratio
- of earnings
Figures as a table
| Year | Dividend per share | Earnings per share |
|---|---|---|
| 2006 | $0.29 | $0.78 |
| 2007 | $0.32 | $0.76 |
| 2008 | $0.33 | $0.70 |
| 2009 | $0.36 | $0.70 |
| 2010 | $0.36 | $0.74 |
| 2011 | $0.38 | $0.90 |
| 2012 | $0.39 | $1.04 |
| 2013 | $0.40 | $0.97 |
| 2014 | $0.42 | $1.04 |
| 2015 | $0.43 | $1.12 |
| 2016 | $0.45 | $1.26 |
| 2017 | $0.48 | $1.38 |
| 2018 | $0.53 | $1.61 |
| 2019 | $0.58 | $1.66 |
| 2020 | $0.65 | $1.80 |
| 2021 | $0.66 | $2.01 |
| 2022 | $0.78 | $2.46 |
| 2023 | $0.83 | $1.67 |
| 2024 | $0.89 | $1.90 |
| 2025 | $0.88 | $3.41 |
Data status and sources
- Score
- Daily value of 13 Nov 2026, recalculated nightly
- Price
- Closing price of 12 Nov 2026
- Latest annual report
- Fiscal year 2025, period end 31 Dec 2025
- Source
- Financial statements, ratios and prices from Financial Modeling Prep (FMP), based on the company's reports. MEQIRI calculates the score and fair value from them.
Mandatory disclosures for this rating
- ; time horizon around 12 months
- Rated Strong since 13 Nov 2026, previously Neutral
- Valuation signal Fairly valued since 7 Nov 2026
- End-of-day prices, metrics cached for up to 24 hours
- Score and fair value are estimates from a disclosed model. They are not facts and not a price target.
- Produced by SSM Ventures UG (haftungsbeschränkt), responsible person Sven Brostmeyer, Managing Director, automatically according to the disclosed model.
- Not investment advice. Losses up to and including a total loss are possible. Personal circumstances are not considered.