First Merchants Co. (NASDAQ:FRMEP – Get Rating) announced a quarterly dividend on Sunday, April 23rd, investing.com reports. Stockholders of record on Sunday, April 30th will be given a dividend of 0.4688 per share on Monday, May 15th. This represents a $1.88 annualized dividend and a dividend yield of 7.85%. The ex-dividend date is Thursday, April 27th.
First Merchants Stock Performance
First Merchants stock opened at $23.90 on Wednesday. The firm has a 50-day moving average price of $24.73 and a 200-day moving average price of $25.28. First Merchants has a 12-month low of $23.00 and a 12-month high of $27.40.
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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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