First Merchants Corporation Announces Cash Dividend

(Neutral)

Rhea-AI Summary

First Merchants Corporation announced a cash dividend of $0.32 per share on August 10, 2022. Shareholders on record as of September 2, 2022 will receive the dividend on September 16, 2022. The ex-dividend date is set for September 1, 2022. This marks a continued commitment to returning value to shareholders. First Merchants Corporation operates as a financial holding company with its primary bank being First Merchants Bank, trading on NASDAQ under the symbol FRME.

Positive

Continued commitment to shareholder returns with a cash dividend of $0.32 per share.

Negative

None.

News Market Reaction – FRME

+1.36%

+1.36% Session move

In the trading session that priced this news, FRME gained 1.36%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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08/10/2022 - 10:00 AM

MUNCIE, Ind., Aug. 10, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on August 10, 2022 of $0.32 per share. The dividend is payable on September 16, 2022, to shareholders of record as of September 2, 2022. For purposes of broker trading, the ex-date of the cash dividend is September 1, 2022.

About First Merchants Corporation:

First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors and Level One Bank (as divisions of First Merchants Bank).

First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. Quotations are carried in daily newspapers and can be found on the company’s Internet web page (http://www.firstmerchants.com).

FIRST MERCHANTS and the Shield Logo are federally registered trademarks of First Merchants Corporation.

For more information, contact:
Nicole M. Weaver, Vice President and Director of Corporate Administration
765-521-7619
http://www.firstmerchants.com

SOURCE: First Merchants Corporation (NASDAQ: FRME), Muncie, Indiana

FAQ

What is the dividend amount declared by First Merchants Corporation?

First Merchants Corporation declared a cash dividend of $0.32 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on September 16, 2022.

What is the ex-dividend date for the recent dividend?

The ex-dividend date is September 1, 2022.

Who is eligible to receive the dividend?

Shareholders of record as of September 2, 2022, are eligible to receive the dividend.

Where is First Merchants Corporation's stock traded?

First Merchants Corporation's stock is traded on NASDAQ under the symbol FRME.