First Merchants Co. (NASDAQ:FRMEP – Get Free Report) announced a quarterly dividend on Monday, July 13th. Stockholders 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 dividend yield of 7.3%. The ex-dividend date is Thursday, July 30th.
First Merchants Stock Performance
Shares of FRMEP opened at $25.80 on Tuesday. First Merchants has a twelve month low of $24.73 and a twelve month high of $27.09. The company has a 50 day moving average of $25.42 and a two-hundred day moving average of $25.65.
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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