FARMERS AND MERCHANTS BANCSHARES, INC. DECLARES CASH DIVIDEND OF $.33 PER SHARE
HAMPSTEAD, Md., Nov. 21, 2023 (GLOBE NEWSWIRE) — On November 20, 2023, the Board of Directors of Farmers and Merchants Bancshares, Inc., the parent of Farmers and Merchants Bank, declared a cash dividend of $.33 per share of common stock, which will be paid on December 15, 2023 to shareholders of record on December 1, 2023. The $.33 per share dividend is the same as the most recent dividend paid in June 2023. The combined 2023 dividend of $.66 per share represents a 3.8% yield on the current market value of $17.52 per share and represents a 4.8% increase over the $.63 per share dividend paid in 2022. The annual dividend has increased for 13 consecutive years.
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