First Merchants Corporation Announces Cash Dividend
First Merchants Corporation has declared a quarterly cash dividend amounting to $46.88 for each share of its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, represented through depositary shares. Each depositary share offers a 1/100th interest in a share of the Series A preferred stock, and holders will receive $0.4688 per depositary share.
Dividend Payment Details
The upcoming dividend payment is scheduled for November 15, 2024. Those stockholders who hold shares as of October 31, 2024, will be eligible to receive this cash dividend. This announcement reflects First Merchants Corporation's commitment to providing value to its shareholders and maintaining a reliable dividend policy.
About First Merchants Corporation
Based in Indiana, First Merchants Corporation stands as a prominent financial holding company. The corporation operates under the banner of First Merchants Bank, which provides a full range of banking services. Additionally, First Merchants Private Wealth Advisors operates as a division of First Merchants Bank, offering tailored financial advice and wealth management services to clients.
Stock Information and Trading
The common stock of First Merchants Corporation is actively traded on the NASDAQ Global Select Market System under the ticker symbol FRME. In parallel, depositary shares linked to the 7.50% Non-Cumulative Perpetual Preferred Stock, Series A, trade under the symbol FRMEP. This stock is not only quoted in daily financial publications but also is easily accessible on the corporation's official website, providing investors with relevant market data and updates.
Corporate Branding and Trademarks
It is important to note that FIRST MERCHANTS and the Shield Logo are recognized as federally registered trademarks, asserting the company’s brand identity and commitment to serving its customers with high-quality financial products.
Contact Information
For additional inquiries or specific information regarding First Merchants Corporation, interested parties may reach out to Nicole M. Weaver, the Vice President and Director of Corporate Administration, at 765-521-7619.
Frequently Asked Questions
What is the dividend amount declared by First Merchants Corporation?
The declared dividend amount is $46.88 per share for the preferred stock.
When is the dividend payment scheduled?
The payment is scheduled for November 15, 2024.
Who is eligible to receive the dividend?
Stockholders on record as of October 31, 2024, will be eligible.
Under what ticker symbol is First Merchants Corporation traded?
First Merchants Corporation trades under the ticker symbol FRME.
How can I get more information about First Merchants Corporation?
You can contact Nicole M. Weaver for more information or visit the official website of First Merchants Corporation.
