First Merchants Co. (NASDAQ:FRMEP – Get Free Report) announced a quarterly dividend on Thursday, October 15th. Investors of record on Friday, October 30th will be given a dividend of $0.4688 per share on Monday, November 16th. This represents a $1.88 annualized dividend and a yield of 7.4%. The ex-dividend date is Friday, October 30th.
First Merchants Stock Performance
FRMEP stock opened at $25.22 on Friday. First Merchants has a one year low of $24.73 and a one year high of $27.09. The firm’s fifty day moving average is $25.22 and its 200 day moving average is $25.44.
About First Merchants
First Merchants Corporation is a bank holding company headquartered in Muncie, Indiana. Its principal subsidiary, First Merchants Bank, provides financial services to individuals, businesses and institutions through a network of banking offices and digital channels.
The company’s offerings include checking and savings accounts, consumer and commercial lending, residential mortgages, treasury management, cash-management services, investment and wealth-management solutions, and other financial products.
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