First Merchants Co. (NASDAQ:FRMEP – Get Free Report) declared a quarterly dividend on Monday, July 13th. Investors of record on Thursday, July 30th will be given a dividend of 0.4688 per share on Friday, August 14th. This represents a c) dividend on an annualized basis and a yield of 7.4%. The ex-dividend date of this dividend is Thursday, July 30th.
First Merchants Stock Down 1.1%
Shares of FRMEP opened at $25.51 on Tuesday. The firm’s 50 day moving average price is $25.39 and its 200 day moving average price is $25.64. First Merchants has a twelve month low of $24.73 and a twelve month high of $27.09.
About First Merchants
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.
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