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

First Merchants Co. (NASDAQ:FRMEP) declared a quarterly dividend on Thursday, October 17th, Wall Street Journal reports. Shareholders of record on Thursday, October 31st will be paid a dividend of 0.4688 per share on Friday, November 15th. This represents a $1.88 annualized dividend and a dividend yield of 7.35%. The ex-dividend date of this dividend is Thursday, October 31st.

First Merchants Price Performance

Shares of First Merchants stock traded up $0.06 during trading hours on Thursday, hitting $25.52. 185 shares of the company were exchanged, compared to its average volume of 1,267. The business has a 50-day moving average of $25.32 and a 200-day moving average of $25.29. First Merchants has a 1 year low of $22.79 and a 1 year high of $26.43.

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.