Farmers & Merchants Bank of Long Beach Declares Third-Quarter Cash Dividend Payment of $28 Per Share
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 19 2024
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Source: Businesswire
Dividend Announcement: Farmers & Merchants Bank of Long Beach has declared a quarterly cash dividend of $28 per share, payable on September 30, 2024, to shareholders recorded by September 13, 2024. This marks the bank's 528th dividend payment since it began paying dividends in 1916 without ever decreasing the amount.
Bank Overview: Established in 1907, Farmers & Merchants Bank operates 27 branches across California and offers a variety of banking services including commercial loans, home loans, and consumer retail banking products, with deposits insured by the FDIC.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
