What is FMFG’s dividend payout ratio after the increase to $0.36 per share?

The $0.36 per share dividend represents an annualized payout ratio of 33% . This indicates the company is distributing roughly one-third of its earnings as dividends while retaining the remainder to support operations, capital levels, and future growth.

Dividend increase at Farmers & Merchants (OTC: FMFG) to $0.36 a share

Q: When will the new FMFG dividend be paid and what is the record date?

The $0.36 per share dividend will be paid on June 18, 2026 . Shareholders must be on record by June 2, 2026 to receive it, meaning ownership on or before that date determines eligibility for the cash payment.

Q: By how much did Farmers and Merchants Bancshares increase its dividend?

The company increased its cash dividend by 5.9% compared with the dividend paid in December. This change lifts the regular payout to $0.36 per share , reflecting a modest step-up in cash distributions to common stockholders.

Filing Impact

(Moderate)

Filing Sentiment

(Neutral)

Form Type

8-K

Rhea-AI Filing Summary

Farmers and Merchants Bancshares, Inc. announced that its board declared a cash dividend of $0.36 per share on its common stock. The dividend will be paid on June 18, 2026 to stockholders of record as of June 2, 2026.

The company notes this $0.36 dividend is a 5.9% increase over the dividend paid in December and represents an annualized payout ratio of 33%. This indicates the portion of earnings being returned to shareholders in cash while retaining the rest to support the banking business.

8-K Event Classification

2 items: 8.01, 9.01

2 items

Item 8.01 Other Events Other

Voluntary disclosure of events the company deems important to shareholders but not covered by other items.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, and exhibit attachments filed with this report.

Key Figures

Cash dividend: $0.36 per share Dividend increase: 5.9% Payout ratio: 33% +2 more

5 metrics

Cash dividend $0.36 per share Declared May 18, 2026 on common stock

Dividend increase 5.9% Increase over dividend paid in December

Payout ratio 33% Annualized payout ratio for the $0.36 dividend

Payment date June 18, 2026 Dividend payment date

Record date June 2, 2026 Shareholders of record eligible for dividend

Key Terms

cash dividend, annualized payout ratio, financial holding company, OTCID Basic Market

4 terms

cash dividend financial

"declared a cash dividend on the common stock of $0.36 per share"

A cash dividend is a payment made by a company to its shareholders directly in money, usually on a regular schedule. It is a way for investors to receive a portion of the company's profits, similar to earning interest or a bonus for holding the company's stock. Cash dividends provide income to shareholders and can indicate the company's financial health and stability.

annualized payout ratio financial

"The $0.36 dividend represents a 5.9% increase ... and an annualized payout ratio of 33%."

financial holding company financial

"The Company is a financial holding company and the parent company of the Bank."

A financial holding company is a parent firm that owns and oversees banks and other financial businesses, such as lending, insurance, or investment services. It matters to investors because it bundles several money-making activities under one roof—like a parent managing several children—so returns, risks, and regulatory rules for banking apply to the whole group; trouble in one unit can affect the company’s profits, capital needs, and dividends.

OTCID Basic Market financial

"trades are reported through the OTCID Basic Market under the symbol “FMFG”."

Understanding 8-K Material Events →

05/19/2026 - 04:46 PM

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): May 18, 2026

Farmers and Merchants Bancshares, Inc.

(Exact name of registrant as specified in its charter)

Maryland	000-55756	81-3605835
(State or other jurisdiction of incorporation or organization)	(Commission file number)	(IRS Employer Identification No.)

4510 Lower Beckleysville Road, Suite H, Hampstead, MD	21074
(Address of principal executive offices)	(Zip Code)

Registrant’s telephone number, including area code: (410) 374-1510

N/A

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:

☐	Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐	Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐	Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐	Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act: None

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (17 CFR §230.405) or Rule 12b-2 of the Securities Exchange Act of 1934 (17 CFR §240.12b-2). Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 8.01 Other Events.

On May 18, 2026, the Board of Directors of Farmers and Merchants Bancshares, Inc. (the “Company”) declared a cash dividend on the common stock of $.36 per share, which will be paid on June 18, 2026 to stockholders of record as of June 2, 2026. A copy of the Company’s press release relating to the dividend is filed as Exhibit 99.1 to this report and incorporated herein by reference.

Item 9.01 Financial Statements and Exhibits.

(d)

Exhibits.

The exhibits filed with this report are listed in the following Exhibit Index:

Exhibit No.

Description

99.1

Press release dated May 19, 2026 (filed herewith)

104

Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

	FARMERS AND MERCHANTS BANCSHARES, INC.


Dated: May 19, 2026	By:	/s/ Gary A. Harris
		Gary A. Harris
		President & CEO

Exhibit 99.1

FOR IMMEDIATE RELEASE	FOR FURTHER INFORMATION CONTACT:
May 19, 2026

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

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

HAMPSTEAD, MARYLAND (May 19, 2026) – 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”.

Source: View Original Filing on SEC EDGAR

FAQ

What dividend did Farmers and Merchants Bancshares (FMFG) declare in May 2026?

Farmers and Merchants Bancshares declared a cash dividend of $0.36 per share on its common stock. The board approved the dividend on May 18, 2026, continuing regular cash returns to shareholders through its banking operations.

When will the new FMFG dividend be paid and what is the record date?

The $0.36 per share dividend will be paid on June 18, 2026. Shareholders must be on record by June 2, 2026 to receive it, meaning ownership on or before that date determines eligibility for the cash payment.

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

The company increased its cash dividend by 5.9% compared with the dividend paid in December. This change lifts the regular payout to $0.36 per share, reflecting a modest step-up in cash distributions to common stockholders.

On which market is Farmers and Merchants Bancshares (FMFG) stock quoted?

Common stock of Farmers and Merchants Bancshares trades through the OTCID Basic Market under the symbol FMFG. Certain broker-dealers make a market in these shares, facilitating trading activity for investors in the company’s stock.

Filing Exhibits & Attachments

5 documents

Press Releases

EX-99.1 EXHIBIT 99.1 5.1 KB