FMAO Dividend History & Yield

Farmers & Merchants Bancorp, Inc. · NasdaqCM

Stock Financial Services Quarterly payer Dividend growth
$34.85
-1.19% today
as of Sep 9, 2026
TTM yield
2.63%
$0.918/share over the last 12 months
Forward yield
2.64%
$0.92/share indicated annual rate
Annual dividend
$0.92
per share, forward
Per payment
$0.23
per share, every quarter
Frequency
Quarterly
4 payments a year
Next ex-dividend date
Oct 12, 2026 Estimated
in 33 days
Next pay date
Oct 28, 2026
in 49 days
Last ex-dividend date
Jul 10, 2026
$0.23 per share
Payout ratio
24%
of earnings
Market cap
480.0M
P/E 12.0
5y dividend CAGR
+6.2%
annualised, regular payments
Growth streak
11 yrs
consecutive annual raises
Years paying
20.5
since Mar 21, 2006
1y total return
+35.2%
price +31.7% + dividends 3.5%

Upcoming dividend payments

Ex-datePay datePer sharePer 100 sharesStatus
Mon, Oct 12, 2026 (in 33 days) Oct 28, 2026 $0.23 $23.00 Estimated
Thu, Jan 14, 2027 (in 127 days) Jan 30, 2027 $0.23 $23.00 Estimated
Sun, Apr 18, 2027 (in 221 days) May 4, 2027 $0.23 $23.00 Estimated
Wed, Jul 21, 2027 (in 315 days) Aug 6, 2027 $0.23 $23.00 Estimated

Estimated dates and amounts are projected from FMAO's recent payment pattern and will be replaced by declared figures when the company announces them. Total over the next 12 months: about $0.92 per share.

Dividend payment history

Last 40 payments per share. RegularSpecial

Last 40 payments per share from Sep 23, 2016 to Jul 10, 2026; most recent $0.23$0.00$0.125$0.25Sep 23, 2016: $0.115Sep '16Dec 22, 2016: $0.115Mar 24, 2017: $0.115Jun 22, 2017: $0.125Sep 25, 2017: $0.13Dec 22, 2017: $0.13Dec '17Mar 26, 2018: $0.13Jun 25, 2018: $0.14Oct 1, 2018: $0.14Dec 28, 2018: $0.15Mar 25, 2019: $0.15Mar '19Jun 14, 2019: $0.15Sep 30, 2019: $0.15Dec 30, 2019: $0.16Mar 30, 2020: $0.16Jun 26, 2020: $0.16Jun '20Sep 28, 2020: $0.17Dec 28, 2020: $0.17Mar 30, 2021: $0.17Jun 25, 2021: $0.17Sep 27, 2021: $0.18Sep '21Dec 27, 2021: $0.19Mar 31, 2022: $0.19Jul 7, 2022: $0.203Sep 23, 2022: $0.21Dec 29, 2022: $0.21Dec '22Mar 30, 2023: $0.21Jul 6, 2023: $0.21Oct 5, 2023: $0.21Dec 28, 2023: $0.22Mar 27, 2024: $0.22Mar '24Jul 5, 2024: $0.22Oct 4, 2024: $0.221Dec 27, 2024: $0.221Apr 4, 2025: $0.221Jul 7, 2025: $0.221Jul '25Oct 10, 2025: $0.228Dec 29, 2025: $0.23Apr 2, 2026: $0.23Jul 10, 2026: $0.23

Annual dividends per share

Annual dividend per share by calendar year, 2017 to 2026 (year to date)$0.00$0.50$1.002017: $0.50$0.5020172018: $0.56$0.5620182019: $0.61$0.6120192020: $0.66$0.6620202021: $0.71$0.7120212022: $0.813$0.81320222023: $0.85$0.8520232024: $0.882$0.88220242025: $0.90$0.9020252026 (YTD): $0.46$0.462026 YTD

How much FMAO do you need for monthly income?

Target incomeShares neededCapital at today's pricePer year
$100 / month1,305$45,457$1,200
$500 / month6,522$227,283$6,000
$1,000 / month13,044$454,565$12,000

Based on the forward yield of 2.64%. $10,000 in FMAO would currently pay about $264 a year ($22 a month on average). Model reinvestment and growth →

FMAO dividend history

Show recent only Download CSV
Ex-datePay dateAmountChange
Jul 10, 2026 Jul 20, 2026 $0.23 +0.0%
Apr 2, 2026 Apr 20, 2026 $0.23 +0.0%
Dec 29, 2025 Jan 20, 2026 $0.23 +0.9%
Oct 10, 2025 Oct 20, 2025 $0.228 +3.2%
Jul 7, 2025 Jul 20, 2025 $0.221 +0.0%
Apr 4, 2025 Apr 20, 2025 $0.221 +0.0%
Dec 27, 2024 Jan 20, 2025 $0.221 +0.0%
Oct 4, 2024 Oct 20, 2024 $0.221 +0.5%
Jul 5, 2024 Jul 20, 2024 $0.22 +0.0%
Mar 27, 2024 Apr 20, 2024 $0.22 +0.0%
Dec 28, 2023 Jan 20, 2024 $0.22 +4.8%
Oct 5, 2023 Oct 20, 2023 $0.21 +0.0%
Jul 6, 2023 Jul 20, 2023 $0.21 +0.0%
Mar 30, 2023 Apr 20, 2023 $0.21 +0.0%
Dec 29, 2022 Jan 20, 2023 $0.21 +0.0%
Sep 23, 2022 Oct 20, 2022 $0.21 +3.4%
Jul 7, 2022 Jul 20, 2022 $0.203 +6.8%
Mar 31, 2022 Apr 20, 2022 $0.19 +0.0%
Dec 27, 2021 Jan 20, 2022 $0.19 +5.6%
Sep 27, 2021 Oct 20, 2021 $0.18 +5.9%
Jun 25, 2021 Jul 20, 2021 $0.17 +0.0%
Mar 30, 2021 Apr 20, 2021 $0.17 +0.0%
Dec 28, 2020 Jan 20, 2021 $0.17 +0.0%
Sep 28, 2020 Oct 20, 2020 $0.17 +6.2%
Jun 26, 2020 Jul 20, 2020 $0.16 +0.0%
Mar 30, 2020 Apr 20, 2020 $0.16 +0.0%
Dec 30, 2019 Jan 20, 2020 $0.16 +6.7%
Sep 30, 2019 Oct 20, 2019 $0.15 +0.0%
Jun 14, 2019 Jul 20, 2019 $0.15 +0.0%
Mar 25, 2019 Apr 20, 2019 $0.15 +0.0%
Dec 28, 2018 Jan 20, 2019 $0.15 +7.1%
Oct 1, 2018 Oct 20, 2018 $0.14 +0.0%
Jun 25, 2018 Jul 20, 2018 $0.14 +7.7%
Mar 26, 2018 Apr 20, 2018 $0.13 +0.0%
Dec 22, 2017 Jan 20, 2018 $0.13 +0.0%
Sep 25, 2017 Oct 20, 2017 $0.13 +4.0%
Jun 22, 2017 Jul 20, 2017 $0.125 +8.7%
Mar 24, 2017 $0.115 +0.0%
Dec 22, 2016 $0.115 +0.0%
Sep 23, 2016 $0.115 +0.0%
Jun 24, 2016 $0.115 +4.5%
Mar 24, 2016 $0.11 +0.0%
Sep 25, 2015 $0.11 +0.0%
Jun 26, 2015 $0.11 +4.8%
Mar 27, 2015 $0.105 +0.0%
Dec 29, 2014 $0.105 +0.0%
Sep 29, 2014 $0.105 +0.0%
Jun 27, 2014 $0.105 +0.0%
Mar 28, 2014 $0.105 +0.0%
Dec 27, 2013 $0.105 +5.0%
Sep 27, 2013 $0.10 +0.0%
Jun 28, 2013 $0.10 +0.0%
Mar 26, 2013 $0.10 +0.0%
Dec 28, 2012 $0.10 +0.0%
Sep 28, 2012 $0.10 +5.3%
Jun 22, 2012 $0.095 +0.0%
Mar 23, 2012 $0.095 +0.0%
Dec 23, 2011 $0.095 +0.0%
Sep 23, 2011 $0.095 +0.0%
Jun 24, 2011 $0.095 +0.0%
Mar 25, 2011 $0.095 +0.0%
Dec 23, 2010 $0.095 +5.6%
Sep 21, 2010 $0.09 +0.0%
Jun 22, 2010 $0.09 +0.0%
Mar 23, 2010 $0.09 +0.0%
Dec 22, 2009 $0.09 +0.0%
Sep 21, 2009 $0.09 +0.0%
Jun 22, 2009 $0.09 +0.0%
Mar 23, 2009 $0.09 +0.0%
Dec 22, 2008 $0.09 +0.0%
Sep 24, 2008 $0.09 +12.5%
Jun 24, 2008 $0.08 +0.0%
Mar 25, 2008 $0.08 +0.0%
Jan 28, 2008 $0.08 +0.0%
Sep 24, 2007 $0.08 +0.0%
Jul 13, 2007 $0.08 +0.0%
Jun 13, 2007 $0.08 +0.0%
Mar 20, 2007 $0.08 +6.7%
Dec 19, 2006 $0.075 +0.0%
Sep 19, 2006 $0.075 +0.0%
Jun 20, 2006 $0.075 +20.0%
Mar 21, 2006 $0.0625

FMAO dividend increases & cuts

Market-wide changes →
Ex-dateChangeOldNewStatus
Dec 29, 2025 Raised 0.9% $0.228 $0.23 Paid
Oct 10, 2025 Raised 3.2% $0.221 $0.228 Paid

Detected from the regular payment stream; supplemental and special dividends are excluded. Pro members get an email the morning a holding raises or cuts.

Payout risk check

Yield-trap heuristicLow risk

FMAO scores 0/100 on our yield-trap heuristic (low risk).

No warning flags: the payout ratio, yield level, 5-year cut history and price trend all look ordinary.

This is a rule-based screen computed from public data, not a rating or a recommendation. Read our guide to yield traps for what the signals mean.

About Farmers & Merchants Bancorp, Inc.

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, Northeast Indiana, and Southeast Michigan. The company offers checking, savings, and time deposit accounts; certificates of deposit; and custodial services for individual retirement and health savings accounts.

Sector: Financial Services. Industry: Banks - Regional. First dividend on our records: Mar 21, 2006. 82 payments tracked. Data last refreshed Sep 9, 2026. Spotted a mistake? Report it and we'll fix it.

FMAO dividend FAQ

When is FMAO's next ex-dividend date?

FMAO's next ex-dividend date is Oct 12, 2026 (in 33 days, estimated from its quarterly schedule). You must own the shares before that date to receive the payment of about $0.23 per share, expected on Oct 28, 2026.

How often does FMAO pay dividends?

FMAO pays dividends every quarter, 4 times a year. The most recent payment was $0.23 per share with an ex-date of Jul 10, 2026.

What is FMAO's dividend yield?

FMAO's trailing 12-month dividend yield is 2.63%, based on $0.918 per share paid over the last year and a share price of $34.85. The forward yield, using the indicated annual rate of $0.92 per share, is 2.64%.

How much does FMAO pay per share?

FMAO pays about $0.23 per share each quarter, which works out to roughly $0.92 per share a year. 100 shares would collect about $92.00 a year.

Has FMAO grown or cut its dividend?

FMAO has raised its annual dividend for 11 consecutive years. Over the last 5 years the regular payout has grown at 6.2% a year (+3.8% over the last year). There has been no cut to a regular payment in the last 5 years.

How many shares of FMAO do I need to earn $100 a month?

At the current forward yield of 2.64%, you would need about 1,305 shares of FMAO (roughly $45,457 invested at today's price) to collect $1,200 a year, or $100 a month on average, before taxes. Payments arrive every quarter, so the monthly figure is an average.

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