First Merchants Co. (NASDAQ:FRMEP) Announces $0.47 Quarterly Dividend

First Merchants Co. (NASDAQ:FRMEP) announced a quarterly dividend on Thursday, April 16th. Stockholders of record on Thursday, April 30th will be paid a dividend of 0.4688 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 7.2%. The ex-dividend date is Thursday, April 30th.

First Merchants Stock Performance

Shares of NASDAQ FRMEP opened at $25.96 on Friday. The company has a 50 day simple moving average of $25.80 and a 200-day simple moving average of $25.80. First Merchants has a 1 year low of $25.00 and a 1 year 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.