The Board of Directors of Farmers & Merchants Bancorp, Inc. announced that it has approved a 4.8% year-over-year increase in the Company?s quarterly cash dividend. The new cash dividend has been raised to $0.22 per share from the previous dividend of $0.21 per share for the same period last year. This represents the 29th consecutive annual increase in the Company?s regular dividend payment since 1994.

The fourth-quarter dividend is payable on January 20, 2024, to shareholders of record as of December 29, 2023.