First Merchants Corporation Announces Cash Dividend
Rhea-AI Summary
On May 13, 2020, First Merchants Corporation (NASDAQ: FRME) declared a cash dividend of $0.26 per share, payable on June 19, 2020. Shareholders of record as of June 5, 2020 are eligible for this dividend, which has an ex-date of June 3, 2020. First Merchants Corporation operates as a financial holding company, with its primary banking operation being First Merchants Bank. The company’s stock is actively traded on the NASDAQ Global Select Market.
Positive
- Declared a cash dividend of $0.26 per share, indicating financial stability and confidence in ongoing returns to shareholders.
Negative
- None.
News Market Reaction – FRME
In the trading session that priced this news, FRME declined 4.31%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
MUNCIE, Ind., May 13, 2020 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on May 13, 2020 of
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 (as a division 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