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

First Merchants Co. (NASDAQ:FRMEP) announced a quarterly dividend on Tuesday, April 15th, Wall Street Journal reports. Stockholders of record on Wednesday, April 30th will be paid a dividend of 0.4688 per share on Thursday, May 15th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.49%. The ex-dividend date is Wednesday, April 30th.

First Merchants Price Performance

Shares of First Merchants stock opened at $25.05 on Wednesday. First Merchants has a twelve month low of $23.38 and a twelve month high of $25.90. The company’s fifty day moving average is $25.21 and its 200 day moving average is $25.46.

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.