First Merchants Co. (NASDAQ:FRMEP – Get Rating) shares traded down 0.4% during mid-day trading on Tuesday . The stock traded as low as $24.52 and last traded at $24.80. 2,644 shares were traded during mid-day trading, an increase of 49% from the average session volume of 1,779 shares. The stock had previously closed at $24.90.

First Merchants Trading Down 0.4 %

The firm's 50 day simple moving average is $25.30 and its two-hundred day simple moving average is $25.42.

First Merchants Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 15th. Shareholders of record on Tuesday, January 31st were paid a dividend of $0.4688 per share. The ex-dividend date was Monday, January 30th. This represents a $1.88 annualized dividend and a yield of 7.56%.

About First Merchants

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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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