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

First Merchants Co. (NASDAQ:FRMEP) announced a quarterly dividend on Wednesday, April 17th, Wall Street Journal reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.4688 per share on Wednesday, May 15th. This represents a $1.88 annualized dividend and a yield of 7.44%. The ex-dividend date of this dividend is Monday, April 29th.

First Merchants Trading Up 0.2 %

FRMEP stock traded up $0.05 during trading on Wednesday, hitting $25.21. 153 shares of the company traded hands, compared to its average volume of 1,284. First Merchants has a 1 year low of $21.64 and a 1 year high of $26.43. The company has a 50-day moving average of $25.25 and a 200-day moving average of $24.60.

About First Merchants

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.