FARMERS AND MERCHANTS BANCSHARES, INC. INCREASES ITS CASH DIVIDEND BY 5.9% TO $0.36 PER SHARE

Farmers and Merchants Bancshares (OTC:FMFG) declared a cash dividend of $0.36 per share on its common stock.

Rhea-AI Summary

Farmers and Merchants Bancshares (OTC:FMFG) declared a cash dividend of $0.36 per share on its common stock. The dividend will be paid on June 18, 2026 to shareholders of record as of June 2, 2026.

The new dividend is 5.9% higher than the dividend paid in December and reflects an annualized payout ratio of 33%, indicating the portion of earnings being returned to shareholders as cash dividends.

Positive

• Quarterly dividend raised 5.9% to $0.36 per share
• Dividend payment date set for June 18, 2026
• Annualized payout ratio indicated at 33%

Negative

• None.

Argus May 20 session

+0.06% close to close Open Argus

Details

News Market Reaction – FMFG

On May 20, the first trading day after this news, FMFG closed 0.06% above the previous close.

Data tracked by StockTitan Argus for the May 20 session.

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HAMPSTEAD, Md., May 19, 2026 (GLOBE NEWSWIRE) -- On May 18, 2026, the Board of Directors of Farmers and Merchants Bancshares, Inc. (the “Company”), the parent of Farmers and Merchants Bank (the “Bank”), declared a cash dividend on the common stock of $0.36 per share, which will be paid on June 18, 2026 to stockholders of record on June 2, 2026. The $0.36 dividend represents a 5.9% increase over the dividend paid in December and an annualized payout ratio of 33%.

Please visit the investor relations section of our website, www.fmb1919.bank. It includes press releases, financial information, stock information, peer analysis, and information about the Company’s officers and directors.

About Farmers and Merchants Bancshares, Inc.

The Company is a financial holding company and the parent company of the Bank. The Bank was chartered in Maryland in 1919 and has over 100 years of service to the community. The Bank serves the deposit and financing needs of both consumers and businesses in Carroll and Baltimore Counties along the Route 30, Route 795, Route 140, Route 26, and Route 45 corridors. The main office is located in Upperco, Maryland, with seven additional branches in Owings Mills, Hampstead, Greenmount, Reisterstown, Westminster, Eldersburg, and Towson. Certain broker-dealers make a market in the common stock of Farmers and Merchants Bancshares, Inc., and trades are reported through the OTCID Basic Market under the symbol “FMFG”.

FOR FURTHER INFORMATION CONTACT:

Farmers and Merchants Bancshares, Inc.	Mr. Gary A. Harris
4510 Lower Beckleysville Rd, Suite H	President & CEO
Hampstead, Maryland 21074	(410) 374-1510, Ext. 1104

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What dividend did Farmers and Merchants Bancshares (FMFG) declare on May 18, 2026?

Farmers and Merchants Bancshares declared a $0.36 per share cash dividend on its common stock. According to the company, this dividend represents a 5.9% increase over the dividend paid in December and reflects a 33% annualized payout ratio.

When is the record date and payment date for the FMFG $0.36 dividend in 2026?

The record date is June 2, 2026, and the payment date is June 18, 2026. According to the company, shareholders of record on June 2, 2026 will receive the $0.36 per share cash dividend on June 18, 2026.

By how much did Farmers and Merchants Bancshares increase its dividend in May 2026?

Farmers and Merchants Bancshares increased its cash dividend by 5.9% to $0.36 per share. According to the company, this percentage reflects the change compared with the dividend paid in December, highlighting a higher cash return per share to stockholders.

What is the annualized payout ratio for the new FMFG $0.36 dividend?

The annualized payout ratio for the new FMFG dividend is 33%. According to the company, this ratio shows that about one-third of annualized earnings are being returned to shareholders through cash dividends at the current $0.36 per share level.

Where can investors find more information about Farmers and Merchants Bancshares (FMFG) dividends?

Investors can visit the company’s investor relations website at www.fmb1919.bank for more details. According to the company, this site includes press releases, financial information, stock information, peer analysis, and information about officers and directors.