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

First Merchants Co. (NASDAQ:FRMEP – Get Rating) declared a quarterly dividend on Tuesday, January 24th, Wall Street Journal reports. Shareholders of record on Tuesday, January 31st will be given a dividend of 0.4688 per share on Wednesday, February 15th. This represents a $1.88 dividend on an annualized basis and a yield of 7.28%. The ex-dividend date of this dividend is Monday, January 30th.

First Merchants Price Performance

First Merchants stock traded up $0.10 during midday trading on Tuesday, hitting $25.75. The company’s stock had a trading volume of 4,921 shares, compared to its average volume of 1,120. The stock’s 50-day moving average price is $25.54 and its 200-day moving average price is $25.74. First Merchants has a 12 month low of $23.22 and a 12 month high of $27.40.

First Merchants Company Profile

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First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services.