On November 19, 2018, the Board of Directors of Farmers and Merchants Bancshares, Inc., the parent of Farmers and Merchants Bank, declared a cash dividend of $.43 per share of common stock, which will be paid on December 21, 2018 to shareholders of record on December 7, 2018.
The $.43 per share dividend is a $.03 increase over the $.40 per share dividend paid in June 2018. The semi-annual dividend has increased eighteen consecutive times, starting with the June 2010 dividend. The combined 2018 dividend of $.83 per share represents a 2.6% yield on the current market value of $32.15 per share and represents a 9.2% increase over the $.76 per share dividend paid in 2017. The annual dividend has increased by at least $.05 per share for six consecutive years. Please visit the investor relations section of the Banks website, www.fmb1919.com. It includes press releases, financial information, stock information, peer analysis, and information about Farmers and Merchants Bancshares, Inc. officers and directors. Farmers and Merchants Bancshares, Inc. was formed in August of 2016 to operate as a bank holding company with Farmers and Merchants Bank as its wholly-owned subsidiary. …
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Source: US SEC
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