 HAMPSTEAD, Md., May 25, 2021 GLOBE NEWSWIRE -- On May 17, 2021, the Board of Directors of Farmers and Merchants Bancshares, Inc., the parent of Farmers and Merchants Bank, declared a cash dividend of .28 per share of common stock, which will be paid on June 25, 2021 to shareholders of record on June 4, 2021. The .28 per share dividend is .02 greater than the most recent dividend paid in December 2020. The semi-annual dividend has increased or stayed the same compared to the previous dividend 23 consecutive times, starting with the June 2010 dividend. 