F&M Bancorp (OTCMKTS:FMOO) Announces Dividend Increase – $0.40 Per Share

F&M Bancorp (OTCMKTS:FMOO) declared a quarterly dividend on Thursday, March 6th, NASDAQ Dividends reports. Shareholders of record on Friday, March 28th will be given a dividend of 0.40 per share on Monday, March 31st. This represents a $1.60 annualized dividend and a yield of 2.44%. The ex-dividend date is Friday, March 28th. This is a 14.3% increase from F&M Bancorp’s previous quarterly dividend of $0.35.

F&M Bancorp Stock Performance

Shares of F&M Bancorp stock opened at $65.60 on Wednesday. The firm’s 50-day moving average is $63.14 and its two-hundred day moving average is $62.67. F&M Bancorp has a 1 year low of $62.36 and a 1 year high of $65.60.

About F&M Bancorp

F&M Bancorp, together with its subsidiaries, operates as an independent state-chartered bank. The company offers personal banking products and services, including checking and savings accounts; and business checking and savings accounts. It also provides loans, including home, personal, student, and business and agriculture; credit and debit cards; and insurance services.