Farmers & Merchants Bancorp, Inc. (FMAO), the holding company of F&M Bank, has recently made an announcement regarding its regular quarterly cash dividend. The Board of Directors has approved a 10.5% increase in the dividend amount for the second quarter of 2023. This decision reflects the company's commitment to rewarding its shareholders and showcases its strong financial performance.

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Quarterly Dividend Increase

Farmers & Merchants Bancorp, Inc. recognizes the importance of providing value to its shareholders. In line with this commitment, the company's Board of Directors has approved a regular quarterly cash dividend of $0.21 per share for the second quarter of 2023. This represents an impressive 10.5% increase compared to the dividend paid during the same period in 2022. Shareholders can look forward to receiving this increased dividend, a testament to the company's growth and financial stability.

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Payment and Record Dates

The second quarter dividend announced by Farmers & Merchants Bancorp, Inc. is scheduled to be paid on July 20, 2023. To be eligible to receive this dividend, shareholders must be recorded as shareholders of the company as of July 7, 2023. It is important for investors to ensure that they are listed as shareholders by this date to receive their rightful dividend payments.