First Merchants Co. (NASDAQ:FRMEP – Get Free Report) declared a quarterly dividend on Monday, January 12th. Stockholders of record on Friday, January 30th will be given 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 is Friday, January 30th.
First Merchants Price Performance
FRMEP traded up $0.42 during trading on Tuesday, hitting $26.25. 8,380 shares of the company’s stock were exchanged, compared to its average volume of 1,763. The stock has a 50 day moving average price of $25.74 and a 200 day moving average price of $25.62. First Merchants has a 1 year low of $24.15 and a 1 year high of $26.35.
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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