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

First Merchants Co. (NASDAQ:FRMEP) declared a quarterly dividend on Monday, April 15th, Wall Street Journal reports. Stockholders 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 dividend yield of 7.37%. The ex-dividend date is Monday, April 29th.

First Merchants Trading Down 0.7 %

NASDAQ FRMEP opened at $25.45 on Friday. First Merchants has a 12 month low of $21.64 and a 12 month high of $26.43. The stock has a 50-day simple moving average of $25.28 and a 200 day simple moving average of $24.70.

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.