Farmers & Merchants Bancorp (FMCB) Dividend History & Yield
Dividend ChampionFarmers & Merchants Bancorp (FMCB) has increased its dividend for 27 consecutive years and currently yields 1.87%. The most recent dividend was $5.1000/share on Apr 1, 2026, paid Irregular.
Current Yield
1.87%
TTM Dividend/Share
$24.45
Payment Frequency
Irregular
Payout Ratio
17.9%
Consecutive Growth Years
27 (Dividend Champion)
Div Growth (1Y CAGR)
6.91%
Div Growth (5Y CAGR)
5.58%
Div Growth (10Y CAGR)
4.14%
FMCB: compare the "Now" marker to the 1Y / 3Y / 5Y averages on the scale. One valuation signal among many — review fundamentals before investing.
Dividend health
Chowder score
7.4%
FCF payout ratio
4.2%
Net debt / EBITDA
-0.4x
Interest coverage
2.11x
ROIC (TTM)
21.4%
Dividend Safety Score
7 out of 8 checks passed
Payout ratio below 75%
Payout ratio is 17.9%, well below the 75% threshold.
Free cash flow covers dividend
FCF/share ($139.30) covers dividend/share ($24.45).
No dividend cuts in 10+ years
1 dividend cut(s) in the last 10 years.
Positive earnings growth trend
Earnings per share have grown over the past 5 years.
10+ years of consecutive growth
27 consecutive years of dividend growth.
FCF payout ratio below 70%
FCF payout ratio is 4.2%, below the 70% threshold.
Net Debt/EBITDA below 3x
Net Debt/EBITDA is -0.4x.
Dividend growth ≤ earnings growth (5Y)
Dividend growth (5.6%) ≤ EPS growth (12.6%) — sustainable.
Per-payment dividend history
Ex-date Jun 12, 2026
- Payment date
- Jul 1, 2026
- Dividend
- $5.3500
- Adj. dividend
- $5.3500
Ex-date Mar 11, 2026
- Payment date
- Apr 1, 2026
- Dividend
- $5.1000
- Adj. dividend
- $5.1000
Ex-date Dec 4, 2025
- Payment date
- Jan 2, 2026
- Dividend
- $5.0500
- Adj. dividend
- $5.0500
Ex-date Sep 11, 2025
- Payment date
- Oct 1, 2025
- Dividend
- $5.0000
- Adj. dividend
- $5.0000
Ex-date Jun 10, 2025
- Payment date
- Jul 1, 2025
- Dividend
- $9.3000
- Adj. dividend
- $9.3000
Ex-date Dec 4, 2024
- Payment date
- Jan 2, 2025
- Dividend
- $9.3000
- Adj. dividend
- $9.3000
Ex-date Jun 11, 2024
- Payment date
- Jul 1, 2024
- Dividend
- $8.8000
- Adj. dividend
- $8.8000
Ex-date Dec 5, 2023
- Payment date
- Jan 2, 2024
- Dividend
- $8.8000
- Adj. dividend
- $8.8000
Ex-date Jun 8, 2023
- Payment date
- Jul 1, 2023
- Dividend
- $8.3000
- Adj. dividend
- $8.3000
Ex-date Dec 6, 2022
- Payment date
- Jan 3, 2023
- Dividend
- $8.3000
- Adj. dividend
- $8.3000
Ex-date Jun 9, 2022
- Payment date
- Jul 1, 2022
- Dividend
- $7.8500
- Adj. dividend
- $7.8500
Ex-date Dec 8, 2021
- Payment date
- Jan 3, 2022
- Dividend
- $7.8000
- Adj. dividend
- $7.8000
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| Jun 12, 2026 | Jul 1, 2026 | $5.3500 | $5.3500 |
| Mar 11, 2026 | Apr 1, 2026 | $5.1000 | $5.1000 |
| Dec 4, 2025 | Jan 2, 2026 | $5.0500 | $5.0500 |
| Sep 11, 2025 | Oct 1, 2025 | $5.0000 | $5.0000 |
| Jun 10, 2025 | Jul 1, 2025 | $9.3000 | $9.3000 |
| Dec 4, 2024 | Jan 2, 2025 | $9.3000 | $9.3000 |
| Jun 11, 2024 | Jul 1, 2024 | $8.8000 | $8.8000 |
| Dec 5, 2023 | Jan 2, 2024 | $8.8000 | $8.8000 |
| Jun 8, 2023 | Jul 1, 2023 | $8.3000 | $8.3000 |
| Dec 6, 2022 | Jan 3, 2023 | $8.3000 | $8.3000 |
| Jun 9, 2022 | Jul 1, 2022 | $7.8500 | $7.8500 |
| Dec 8, 2021 | Jan 3, 2022 | $7.8000 | $7.8000 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Farmers & Merchants Bancorp has raised its total annual dividend (split-adjusted, by ex-dividend calendar year) versus the prior year for 27 consecutive years — the same figure as the "Consecutive Growth Years" card above.
| Year | Previous DPS | New DPS | Change |
|---|---|---|---|
| 2026 | $19.3500 | — | — |
| 2025 | $18.1000 | $19.3500 | +6.9% |
| 2024 | $17.1000 | $18.1000 | +5.8% |
| 2023 | $16.1500 | $17.1000 | +5.9% |
| 2022 | $15.3000 | $16.1500 | +5.6% |
| 2021 | $14.7500 | $15.3000 | +3.7% |
| 2020 | $14.2000 | $14.7500 | +3.9% |
| 2019 | $13.9000 | $14.2000 | +2.2% |
| 2018 | $13.5500 | $13.9000 | +2.6% |
| 2017 | $13.1000 | $13.5500 | +3.4% |
| 2016 | $12.9000 | $13.1000 | +1.6% |
| 2015 | $12.7000 | $12.9000 | +1.6% |
| 2014 | $12.5000 | $12.7000 | +1.6% |
| 2013 | $12.1000 | $12.5000 | +3.3% |
| 2012 | $11.7500 | $12.1000 | +3.0% |
| 2011 | $11.3500 | $11.7500 | +3.5% |
| 2010 | $11.0000 | $11.3500 | +3.2% |
| 2009 | $10.6500 | $11.0000 | +3.3% |
| 2008 | $9.7000 | $10.6500 | +9.8% |
| 2007 | $8.5500 | $9.7000 | +13.5% |
| 2006 | $7.7000 | $8.5500 | +11.0% |
| 2005 | $7.2000 | $7.7000 | +6.9% |
| 2004 | $6.2000 | $7.2000 | +16.1% |
| 2003 | $6.0000 | $6.2000 | +3.3% |
| 2002 | $5.4500 | $6.0000 | +10.1% |
| 2001 | $5.2500 | $5.4500 | +3.8% |
| 2000 | — | $5.2500 | — |
DPS sums split-adjusted amounts (adj. dividend) by ex-dividend calendar year—the same basis as the Adj. Dividend column in Dividend Payment History. The Dividend column can differ after stock splits. This table uses four decimals per annual total so the Change column matches the shown amounts; each payment row in Dividend Payment History also uses four.
Cash dividends paid (USD) — TTM and history
Trailing-twelve-month and annual common dividends paid for Farmers & Merchants Bancorp (FMCB) from the consolidated cash flow statement, in USD as filed.
Latest period
$17.51M
YoY change
+6.3%
5Y CAGR
+3.4%
Peak year (2025)
$13.84M
Latest annual
$13.84M
Cash dividends paid over time for Farmers & Merchants Bancorp (FMCB)
Per-period cash dividends paid
Cash dividends paid annual + quarterly history for Farmers & Merchants Bancorp (FMCB)
| Fiscal year | Period ended | Reported | Dividends Paid | YoY | YoY change |
|---|---|---|---|---|---|
| 2025 | $13.84M | +6.3% | +$824,000 | ||
| 2024 | $13.02M | +1.0% | +$131,000 | ||
| 2023 | $12.89M | +3.2% | +$397,000 | ||
| 2022 | $12.49M | +3.4% | +$414,000 | ||
| 2021 | $12.07M | +3.2% | +$375,000 | ||
| 2020 | $11.70M | +4.3% | +$479,000 | ||
| 2019 | $11.22M | +0.6% | +$70,000 | ||
| 2018 | $11.15M | +1.5% | +$169,000 | ||
| 2017 | $10.98M | +4.8% | +$504,000 | ||
| 2016 | $10.48M | +3.2% | +$321,000 | ||
| 2015 | $10.16M | +2.4% | +$238,000 | ||
| 2014 | $9.92M | +2.0% | +$196,000 | ||
| 2013 | $9.72M | +3.2% | +$305,000 | ||
| 2012 | $9.42M | +2.8% | +$260,000 | ||
| 2011 | $9.16M | +3.4% | +$303,000 | ||
| 2010 | $8.86M | +3.0% | +$259,000 | ||
| 2009 | $8.60M | +2.0% | +$166,000 | ||
| 2008 | $8.43M | +7.6% | +$599,000 | ||
| 2007 | $7.83M | +12.4% | +$865,000 | ||
| 2006 | $6.97M | +4.7% | +$310,000 | ||
| 2005 | $6.66M | +12.2% | +$726,000 | ||
| 2004 | $5.93M | +21.6% | +$1.05M | ||
| 2003 | $4.88M | +7.4% | +$334,000 | ||
| 2002 | $4.54M | — | — |
The 2025 reading of Farmers & Merchants Bancorp (FMCB) dividends paid is $13.84M – grew 6.3% year-over-year.
Farmers & Merchants Bancorp dividends paid has grown for 23 consecutive years, with a +3.4% compound annual growth rate over 2020–2025 (5 years).
The dataset's maximum dividends paid sits at $13.84M (2025); the minimum reading of $4.54M dates to 2002.
Among 8 Financial Services peers, Farmers & Merchants Bancorp (FMCB) ranks 8th; the peer median for dividends paid is $5.36B.
Farmers & Merchants Bancorp Dividends Paid 2025: $13.84M
Farmers & Merchants Bancorp dividends paid in 2025 was $13.84M, grew 6.3% from 2024. This figure represents the highest annual value in the available history.
Farmers & Merchants Bancorp Dividends Paid 2024: $13.02M
Farmers & Merchants Bancorp dividends paid in 2024 was $13.02M, edged up 1.0% from 2023.
Farmers & Merchants Bancorp Dividends Paid 2023: $12.89M
Farmers & Merchants Bancorp dividends paid in 2023 was $12.89M, edged up 3.2% from 2022.
Farmers & Merchants Bancorp Dividends Paid 2022: $12.49M
Farmers & Merchants Bancorp dividends paid in 2022 was $12.49M, edged up 3.4% from 2021.
Farmers & Merchants Bancorp Dividends Paid 2021: $12.07M
Farmers & Merchants Bancorp dividends paid in 2021 was $12.07M.
See more financial history for Farmers & Merchants Bancorp (FMCB).
Sector peers by dividends paid
Companies in the same sector as Farmers & Merchants Bancorp, ranked by their latest dividends paid.
| Company | Dividends Paid | Sector |
|---|---|---|
| JPMorgan Chase (JPM) | $16.63B | Financial Services |
| Bank of America (BAC) | $9.56B | Financial Services |
| Morgan Stanley (MS) | $6.59B | Financial Services |
| Wells Fargo (WFC) | $5.43B | Financial Services |
| Goldman Sachs (GS) | $5.28B | Financial Services |
| Visa (V) | $4.63B | Financial Services |
| Mastercard (MA) | $2.76B | Financial Services |
| Berkshire Hathaway (BRK-B) | $0 | Financial Services |
Frequently asked questions
Does Farmers & Merchants Bancorp pay dividends?
Yes, Farmers & Merchants Bancorp (FMCB) pays irregular dividends of approximately $24.45 per share annually, yielding 1.87%.
What is Farmers & Merchants Bancorp's dividend yield?
Farmers & Merchants Bancorp (FMCB) has a current dividend yield of 1.87%.
Is Farmers & Merchants Bancorp's dividend safe?
Farmers & Merchants Bancorp (FMCB) passes 7 out of 8 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Farmers & Merchants Bancorp increased its dividend?
Farmers & Merchants Bancorp (FMCB) has 27 consecutive years of dividend increases.
What is Farmers & Merchants Bancorp's dividend payout ratio?
Farmers & Merchants Bancorp (FMCB) has a dividend payout ratio of 17.9%. Trailing twelve months (GAAP): adjusted dividends over roughly 12 months aligned with the latest reported quarter, divided by the sum of diluted EPS from the last four fiscal quarters (not NII or taxable income for BDCs/REITs).
What is Farmers & Merchants Bancorp's dividends paid?
Latest reported dividends paid for Farmers & Merchants Bancorp (FMCB) is $17.51M (period ending March 31, 2026).
How has Farmers & Merchants Bancorp dividends paid changed year-over-year?
Farmers & Merchants Bancorp (FMCB) dividends paid changed +6.3% year-over-year on the latest annual filing.
What is the long-term growth rate of Farmers & Merchants Bancorp dividends paid?
Farmers & Merchants Bancorp (FMCB) dividends paid compound annual growth rate is +3.4% over the most recent 5 years available.
When did Farmers & Merchants Bancorp dividends paid hit its highest annual value?
Farmers & Merchants Bancorp dividends paid reached its highest annual value of $13.84M in 2025.
What was Farmers & Merchants Bancorp dividends paid in 2024?
Farmers & Merchants Bancorp (FMCB) dividends paid in 2024 was $13.02M.
What was Farmers & Merchants Bancorp dividends paid in 2025?
Farmers & Merchants Bancorp (FMCB) dividends paid in 2025 was $13.84M.
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