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

First Merchants Co. (NASDAQ:FRMEP) declared a quarterly dividend on Wednesday, April 17th, Wall Street Journal reports. Shareholders of record on Tuesday, April 30th will be given a dividend of 0.4688 per share on Wednesday, May 15th. This represents a $1.88 annualized dividend and a yield of 7.44%. The ex-dividend date of this dividend is Monday, April 29th.

First Merchants Price Performance

Shares of First Merchants stock opened at $25.20 on Thursday. First Merchants has a 52-week low of $21.64 and a 52-week high of $26.43. The firm has a 50-day moving average of $25.25 and a 200-day moving average of $24.61.

About First Merchants

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.