First Merchants Co. (FRMEP) To Go Ex-Dividend on April 29th

First Merchants Co. (NASDAQ:FRMEP) declared a quarterly dividend on Monday, April 15th, Wall Street Journal reports. Stockholders of record on Tuesday, April 30th will be paid a dividend of 0.4688 per share on Wednesday, May 15th. This represents a $1.88 annualized dividend and a dividend yield of 7.37%. The ex-dividend date of this dividend is Monday, April 29th.

First Merchants Stock Performance

Shares of First Merchants stock opened at $25.45 on Friday. The stock’s 50 day simple moving average is $25.28 and its 200-day simple moving average is $24.69. First Merchants has a 1-year low of $21.64 and a 1-year high of $26.43.

First Merchants Company Profile

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans.