Farmers & Merchants Bancorp announced that the Board of Directors declared a year-end cash dividend of $7.80 per share, an increase of 4.00% over the cash dividend declared in November of 2020. The cash dividend will be payable on January 3, 2022 to shareholders of record as of December 9, 2021. Total cash dividends declared in 2021 increased 3.73% to $15.30 per share compared with $14.75 declared in 2020.