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

First Merchants Co. (NASDAQ:FRMEP) announced a quarterly dividend on Tuesday, October 15th, Wall Street Journal reports. Investors 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 7.28%. The ex-dividend date of this dividend is Thursday, October 31st.

First Merchants Price Performance

NASDAQ:FRMEP opened at $25.75 on Wednesday. First Merchants has a 12 month low of $23.00 and a 12 month high of $26.43. The company has a 50 day simple moving average of $25.42 and a two-hundred day simple moving average of $25.31.

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.