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

First Merchants Co. (NASDAQ:FRMEP) announced 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 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date is Tuesday, July 30th.

First Merchants Trading Up 2.0 %

NASDAQ:FRMEP opened at $25.67 on Monday. The stock has a fifty day simple moving average of $25.20 and a 200 day simple moving average of $25.27. First Merchants has a 1-year low of $22.79 and a 1-year 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.