Farmers & Merchants Bancorp declares $8.30 mid-year dividend, 5.7% increase, 58th straight annual rise

FARMERS & MERCHANTS BANCORP

Mid-year cash dividend of $8.30 per share, payable July 1, 2023 to holders of record June 9, 2023.
Dividend up 5.7% from $7.85 paid in July 2022; marks 58th consecutive year of increases.
Company has paid uninterrupted dividends for 88 years; ranks 14th among Sure Dividend's 49 'Dividend Kings'.
Q1 2023 net income $23.5M ($30.80 diluted EPS) vs $17.1M in Q1 2022; trailing 12-month EPS $105.65.
Total assets $5.1B; non-performing loans only $387k; tier 1 leverage ratio 9.94%.

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