Farmers Bankshares Inc., the Windsor-based holding company for Farmers Bank, announced that the board of directors has declared a quarterly dividend of 22 cents per share on a pre-split basis (adjusted to $0.044 per share on a post-split basis) to holders of common stock of the company.

On an annualized basis, the 22-cents-per-share quarterly dividend is increased over the semi-annual dividend declared in December 2014 by 38 percent and remains unchanged from the dividend declared in June 2015.

The record date for stockholders entitled to payment of the dividend will be the close of normal trading on Oct. 1, with payment to occur by Oct. 15, 2015.

The five for one stock split announced Sept. 1 remains in effect for holders on record as of Oct. 2.