Ex-Dividend Date Insight: Farmers & Merchants

Farmers & Merchants FMAO declared a dividend payable on July 20, 2021 to its shareholders as of June 16, 2021. It was also announced that shareholders of Farmers & Merchants's stock as of June 28, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Farmers & Merchants has an ex-dividend date planned for June 25, 2021. The company's current dividend payout sits at $0.17. That equates to a dividend yield of 3.04% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.

Farmers & Merchants's Dividend History

Over the past year, Farmers & Merchants has experienced an overall upward trend regarding its dividend payouts and yields. Last year on June 26, 2020 the company's payout was $0.16, which has since grown by $0.01. Similarly, Farmers & Merchants's dividend yield in last year was 3.03%, which has since grown by 0.01%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

Click here to find details on Farmers & Merchants's previous dividends.