Farmers & Merchants Bank of Long Beach (OTCMARKETS:FMBL) declared quarterly dividend of $ 27.00 per share, or $ 108 annualized.
The dividend will be payable on December 14, 2018, to stockholders of record on November 30, 2018, with an ex-dividend date of November 29, 2018.
The increase in the dividend payment demonstrates companys financial health, in addition to our commitment to enhance shareholder value, said Daniel Walker, chief executive officer and chairman of the board.
According to the previous trading day last sale of FMBL was $ 8300.00, representing a 9.78 % decrease over the 52 week high of $ 9200.00.
The dividend yield based on the latest trading day closing price was 1.30 %. Owners of shares as of market close on November 29, 2018 will be eligible for the dividend.
Farmers & Merchants Bank of Long Beach has a market capital of $ 1.09 billion and is part of the Financial Services sector and Banks – Regional – US industry.