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

First Merchants Co. (NASDAQ:FRMEP) announced a quarterly dividend on Thursday, January 16th,Wall Street Journal reports. Shareholders of record on Friday, January 31st will be paid a dividend of 0.4688 per share on Saturday, February 15th. This represents a $1.88 dividend on an annualized basis and a yield of 7.33%. The ex-dividend date of this dividend is Friday, January 31st.

First Merchants Stock Down 0.3 %

Shares of FRMEP traded down $0.08 during mid-day trading on Thursday, reaching $25.58. The company had a trading volume of 414 shares, compared to its average volume of 816. The firm has a fifty day simple moving average of $25.56 and a 200-day simple moving average of $25.44. First Merchants has a fifty-two week low of $23.38 and a fifty-two week high of $26.43.

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.