First Merchants Co. (FRMEP) To Go Ex-Dividend on January 31st

First Merchants Co. (NASDAQ:FRMEP) announced a quarterly dividend on Thursday, January 16th,Wall Street Journal reports. Stockholders of record on Friday, January 31st will be paid a dividend of 0.4688 per share on Saturday, February 15th. This represents a $1.88 annualized dividend and a dividend yield of 7.22%. The ex-dividend date of this dividend is Friday, January 31st.

First Merchants Stock Up 1.3 %

Shares of FRMEP stock opened at $25.98 on Friday. First Merchants has a one year low of $23.38 and a one year high of $26.43. The stock has a fifty day moving average price of $25.56 and a 200 day moving average price of $25.44.

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.