Farmers & Merchants Bancorp Inc.'s current payout ratio is 39%, meaning it paid out 39% of its trailing 12-month EPS as dividend. Earnings growth looks solid for FMAO for this fiscal year. The Zacks Consensus Estimate for 2021 is $1.83 per share, which represents a year-over-year growth rate of 8.93%. Bottom Line From greatly improving stock investing profits and reducing overall portfolio risk to providing tax advantages, investors like dividends for a variety of different reasons. But, not every company offers a quarterly payout.