First Merchants Corporation Dividend Announcement
First Merchants Corporation has announced a quarterly cash dividend of $46.88 for holders of its 7.50% Non-Cumulative Perpetual Preferred Stock Series A. Each depositary share, representing a fraction of this preferred stock, will see investors receiving $0.4688.
Details about the Dividend
The preferred dividend reflects First Merchants' commitment to shareholders. It is scheduled to be paid on February 15 to shareholders on record as of January 31. This payout highlights the company's ongoing dedication to delivering value to its stockholders.
Company Overview
Headquartered in Indiana, First Merchants Corporation operates primarily through its full-service bank, known as First Merchants Bank. Under this umbrella, the bank also offers services through First Merchants Private Wealth Advisors, showcasing the diverse financial avenues the corporation provides.
Stock Information
Common stock for First Merchants Corporation trades on the NASDAQ Global Select Market under the ticker FRME, while the series A preferred stock is represented through depositary shares under the ticker FRMEP. Investors can track these symbols in various financial publications. The corporation’s share prices and related information are also available on their official website.
Contact Information
For inquiries or further details, individuals can reach out to Nicole M. Weaver, Vice President and Director of Corporate Administration, at 765-521-7619. For more information, the company's website serves as a resource for stockholders and prospective investors.
Frequently Asked Questions
What is the total dividend amount announced by First Merchants Corporation?
The total dividend announced is $46.88 per share for the Series A preferred stock.
When will the dividend be paid?
The dividend will be payable on February 15 to stockholders of record as of January 31.
What are the stock symbols for First Merchants Corporation?
The common stock trades under FRME, while the preferred stock is traded as FRMEP.
How can I contact First Merchants Corporation for more information?
You can contact Nicole M. Weaver at 765-521-7619 for any inquiries.
Where is First Merchants Corporation located?
The corporation is headquartered in Indiana and operates a full-service banking institution.
