First Merchants Corporation Dividend Announcement
First Merchants Corporation has announced a quarterly cash dividend of $46.88 per share for its 7.50% Non-Cumulative Perpetual Preferred Stock Series A. This payout is accessible via depositary shares, specifically under the ticker symbol (NASDAQ: FRMEP), which represents a small fraction of the preferred stock. Shareholders will receive $0.4688 for each depositary share they hold.
Dividend Payment Details
The upcoming dividend is scheduled for payment on a designated date. Importantly, stockholders of record as of July 30 will be eligible for this dividend on the payment date of August 15. This initiative demonstrates First Merchants Corporation's commitment to returning value to its shareholders and affirming the strength of its financial position.
About First Merchants Corporation
Corporate Overview
First Merchants Corporation operates as a prominent financial holding company with its headquarters situated in Indiana. It boasts a full-service banking charter through First Merchants Bank, which provides a range of banking and financial services tailored to meet diverse customer needs.
Services Offered
In addition to traditional banking, First Merchants Bank also runs its Private Wealth Advisors division, catering specifically to clients seeking personalized financial solutions. This dual offering positions First Merchants as a comprehensive financial services provider.
Stock Information and Market Presence
The common shares of First Merchants Corporation are traded on the NASDAQ Global Select Market under the symbol FRME. For those interested in the preferred stock, it's essential to note that the depositary shares representing a 1/100th interest in the preferred stock are also available under the symbol FRMEP.
Contact Information
For further inquiries or additional information about First Merchants Corporation and its offerings, individuals are encouraged to reach out to:
Nicole M. Weaver, First Vice President and Director of Corporate Administration
Phone: 765-521-7619
Frequently Asked Questions
What dividend amount has First Merchants Corporation declared?
First Merchants Corporation has declared a dividend of $46.88 per share on its preferred stock.
When will the dividend be paid?
The dividend will be paid on August 15, 2025, to shareholders on record as of July 30, 2025.
What is First Merchants Corporation?
First Merchants Corporation is a financial holding company based in Indiana that operates First Merchants Bank and offers a variety of financial services.
How can I learn more about First Merchants Corporation?
You can get more information by contacting Nicole M. Weaver at 765-521-7619 or by visiting the company's website.
Where is First Merchants Corporation headquartered?
The corporation is headquartered in Muncie, Indiana.
