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

First Merchants Co. (NASDAQ:FRMEP) declared a quarterly dividend on Monday, July 15th, Wall Street Journal reports. Stockholders of record on Tuesday, July 30th will be paid a dividend of 0.4688 per share on Thursday, August 15th. This represents a $1.88 annualized dividend and a dividend yield of 7.31%. The ex-dividend date is Tuesday, July 30th.

First Merchants Trading Up 2.0 %

Shares of First Merchants stock opened at $25.67 on Monday. First Merchants has a 1 year low of $22.79 and a 1 year high of $26.43. The firm’s 50-day moving average is $25.20 and its 200 day moving average is $25.27.

First Merchants Company Profile

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.