FARMERS AND MERCHANTS BANCSHARES, INC. DECLARES CASH DIVIDEND OF $.33 PER SHARE
HAMPSTEAD, Md., May 18, 2023 (GLOBE NEWSWIRE) — On May 15, 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 June 23, 2023 to shareholders of record on June 2, 2023. The $.33 per share dividend is $.01 greater than the most recent dividend paid in December 2022. The semi-annual dividend has increased or remained the same compared to the previous dividend 27 consecutive times starting with the June 2010 dividend.
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