Farmers and Merchants Bancshares raises its semi-annual dividend by 5.9% to $0.36 per share, yielding 4.17%.
Farmers and Merchants Bancshares declared a $0.36 per share semi-annual dividend, marking a 5.9% increase from the prior $0.34 payout. The move lifts the forward yield to 4.17%.
The dividend is payable June 18 to shareholders of record as of June 2, with an ex-dividend date set for June 2. The prior dividend stood at $0.34 per share, reflecting steady growth in payouts.
No immediate market reaction was disclosed in the announcement.