First Farmers and Merchants Co. (OTCMKTS:FFMH) Increases Dividend to $0.27 Per Share

First Farmers and Merchants Co. (OTCMKTS:FFMH) announced a quarterly dividend on Tuesday, September 24th, NASDAQ reports. Shareholders of record on Monday, October 7th will be paid a dividend of 0.27 per share on Monday, October 21st. This represents a $1.08 dividend on an annualized basis and a yield of 3.13%. The ex-dividend date of this dividend is Monday, October 7th. This is a positive change from First Farmers and Merchants’s previous quarterly dividend of $0.20.

First Farmers and Merchants Stock Performance

First Farmers and Merchants stock opened at $34.50 on Friday. First Farmers and Merchants has a 52-week low of $24.70 and a 52-week high of $36.00. The stock’s 50 day moving average price is $34.40 and its two-hundred day moving average price is $31.16.

About First Farmers and Merchants

First Farmers and Merchants Corporation operates as the bank holding company for First Farmers and Merchants Bank that provides various banking and financial services in Middle Tennessee and Northern Alabama. The company's deposit products include personal and business checking and savings, and individual retirement and investment accounts, as well as certificates of deposit.