First Merchants Co. (FRMEP) to Issue Quarterly Dividend of $0.47 on February 16th

First Merchants Co. (NASDAQ:FRMEP) declared a quarterly dividend on Monday, January 12th. Stockholders of record on Friday, January 30th will be paid a dividend of 0.4688 per share on Monday, February 16th. This represents a c) annualized dividend and a dividend yield of 7.1%. The ex-dividend date of this dividend is Friday, January 30th.

First Merchants Stock Performance

Shares of FRMEP opened at $26.25 on Wednesday. First Merchants has a 12 month low of $24.15 and a 12 month high of $26.35. The firm has a fifty day simple moving average of $25.74 and a 200 day simple moving average of $25.62.

First Merchants Company Profile

First Merchants Corporation (NASDAQ: FRMEP) is a bank holding company headquartered in Muncie, Indiana, offering a full suite of financial services through its subsidiary, First Merchants Bank. The company provides consumer and commercial banking products, including checking and savings accounts, business and real estate loans, treasury management, and digital banking solutions. First Merchants also offers mortgage origination, wealth management, trust services, and insurance brokerage through dedicated teams.

Incorporated in 1983, First Merchants traces its roots to Merchant’s National Bank of Muncie, which was founded in 1893.