First Merchants Co. (NASDAQ:FRMEP – Get Rating) fell 2.4% on Friday . The company traded as low as $25.00 and last traded at $25.00. 4,127 shares traded hands during mid-day trading, an increase of 201% from the average session volume of 1,373 shares. The stock had previously closed at $25.63.

First Merchants Stock Down 2.4 %

The business has a fifty day moving average of $25.67 and a two-hundred day moving average of $25.63.

First Merchants Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 15th. Investors of record on Tuesday, January 31st were issued a $0.4688 dividend. The ex-dividend date of this dividend was Monday, January 30th. This represents a $1.88 dividend on an annualized basis and a yield of 7.50%.

First Merchants Company Profile

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First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services.

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