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

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

First Merchants Trading Up 0.2 %

NASDAQ:FRMEP traded up $0.06 during midday trading on Thursday, reaching $25.52. The company had a trading volume of 185 shares, compared to its average volume of 1,267. First Merchants has a 12-month low of $22.79 and a 12-month high of $26.43. The stock’s fifty day simple moving average is $25.32 and its 200-day simple moving average is $25.29.

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.