Farmers & Merchants Bancshares declares $0.33 dividend, 4.8% YoY increase, 13th straight annual rise

Farmers & Merchants Bancshares, Inc.

Cash dividend of $0.33 per share, payable Dec 15, 2023 to holders of record Dec 1, 2023.
Quarterly rate unchanged from June 2023; combined 2023 dividend $0.66 per share.
2023 dividend represents 4.8% increase over $0.63 per share paid in 2022.
Annual dividend has increased for 13 consecutive years.
Dividend yield of 3.8% based on market price of $17.52 per share.

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