Farmers & Merchants Bank of Long Beach Declares Fourth-quarter Cash Dividend Payment of $28 Per Share; Also Declares Special Christmas Dividend of $15 Per Share

Rhea-AI Summary

Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) has announced two dividend payments: a regular quarterly cash dividend of $28 per share and a special Christmas dividend of $15 per share. Both dividends will be paid on December 13, 2024, to shareholders of record as of November 29, 2024. These represent the bank's 529th and 530th dividend payments since 1916. The bank has maintained an unbroken record of dividend payments since 1916, with the quarterly dividend value never decreasing.

Positive

• Consistent dividend payment history since 1916, demonstrating financial stability
• Quarterly dividend maintained without any decreases historically
• Total dividend payout of $43 per share ($28 regular + $15 special)
• Strong commitment to shareholder returns through regular and special dividends

Negative

• None.

-- Declarations Represent 529th and 530th Dividend Payments, Respectively, Paid to Shareholders Since 1916 --

LONG BEACH, Calif.--(BUSINESS WIRE)-- Farmers & Merchants Bank of Long Beach (OTCQX: FMBL) today announced that its board of directors has approved the Bank’s regular quarterly cash dividend of $28 per share on the Bank’s common stock and a special Christmas dividend of $15 per share on the Bank’s common stock.

Both the quarterly and special dividend are payable on December 13, 2024 to shareholders of record as of November 29, 2024.

The declarations represent F&M’s 529^th and 530^th dividend payments, respectively, including special dividends. F&M has paid dividends each year to shareholders since 1916, and the value of F&M’s quarterly dividend has never decreased.

About Farmers & Merchants Bank of Long Beach

Founded in Long Beach in 1907 by C.J. Walker, Farmers & Merchants Bank provides white-glove service to clients at 27 branches from San Clemente to Santa Barbara, as well as through its Online and Mobile Banking platforms. The Bank offers commercial and small business banking, business loan programs, home loans, and a robust offering of consumer retail banking products, including checking, savings and youth accounts. Farmers & Merchants Bank is a California state-chartered bank with deposits insured by the Federal Deposit Insurance Corporation (Member FDIC) and an Equal Housing Lender. For more information about F&M, please visit the website, www.fmb.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241121985305/en/

Kevin Tiber

President

562-499-4829

Roger Pondel

PondelWilkinson Inc.

Corporate & Investor Relations

310-279-5980

investor@pondel.com

Source: Farmers & Merchants Bank of Long Beach

FAQ

What is the total dividend amount announced by FMBL for Q4 2024?

FMBL announced a total dividend of $43 per share, consisting of a $28 regular quarterly dividend and a $15 special Christmas dividend.

When will FMBL pay its Q4 2024 dividends?

Both the regular quarterly and special Christmas dividends will be paid on December 13, 2024, to shareholders of record as of November 29, 2024.

How many consecutive dividend payments has FMBL made since 1916?

With these announcements, FMBL will reach its 529th and 530th dividend payments since 1916, including special dividends.

Has FMBL ever decreased its quarterly dividend value?

No, FMBL has never decreased the value of its quarterly dividend since beginning payments in 1916.