Farmers & Merchants Ban (FMCB) Dividend History & Yield
Farmers & Merchants Ban (FMCB) has increased its dividend for 27 consecutive years and currently yields 1.80%. The most recent payment was $5.1000/share on Mar 11, 2026, paid Quarterly.
Current Yield
1.80%
TTM Dividend/Share
$24.45
Payment Frequency
Quarterly
Payout Ratio
18.2%
Consecutive Growth Years
27
Div Growth (1Y CAGR)
6.91%
Div Growth (5Y CAGR)
5.58%
Div Growth (10Y CAGR)
4.14%
Dividend Safety Score
4 out of 5 checks passed
Payout ratio below 75%
Payout ratio is 18.2%, 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.
Dividend Payment History
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 Jun 10, 2021
- Payment date
- Jul 1, 2021
- Dividend
- $7.5000
- Adj. dividend
- $7.5000
| Ex-Date | Payment Date | Dividend | Adj. Dividend |
|---|---|---|---|
| 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 |
| Jun 10, 2021 | Jul 1, 2021 | $7.5000 | $7.5000 |
Historical Dividend Yield
Dividend Growth
Dividend Increase Track Record
Farmers & Merchants Ban 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.
Frequently asked questions
Does Farmers & Merchants Ban pay dividends?
- Yes, Farmers & Merchants Ban (FMCB) pays quarterly dividends of approximately $24.45 per share annually, yielding 1.80%.
What is Farmers & Merchants Ban's dividend yield?
- Farmers & Merchants Ban (FMCB) has a current dividend yield of 1.80%.
Is Farmers & Merchants Ban's dividend safe?
- Farmers & Merchants Ban (FMCB) passes 4 out of 5 dividend safety checks. See the detailed breakdown above for each criterion.
How many consecutive years has Farmers & Merchants Ban increased its dividend?
- Farmers & Merchants Ban (FMCB) has 27 consecutive years of dividend increases.
What is Farmers & Merchants Ban's dividend payout ratio?
- Farmers & Merchants Ban (FMCB) has a dividend payout ratio of 18.2%. 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).
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