First Merchants Corporation Announces Cash Dividend

(Neutral)

Rhea-AI Summary

First Merchants Corporation (NASDAQ: FRME) announced a cash dividend of $0.32 per share on February 7, 2023. This dividend is available to shareholders on March 17, 2023, with a record date of March 3, 2023. The ex-dividend date for broker trading is March 2, 2023.

Headquartered in Muncie, Indiana, First Merchants operates First Merchants Bank and provides wealth advisory services. The company is dedicated to enhancing shareholder value through consistent dividend payments.

Positive

Declared a cash dividend of $0.32 per share, reflecting confidence in financial stability.
Dividend payable on March 17, 2023, supports income for shareholders.

Negative

None.

News Market Reaction – FRME

-1.38%

-1.38% Session move

In the trading session that priced this news, FRME declined 1.38%, reflecting a mild negative 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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02/08/2023 - 10:00 AM

MUNCIE, Ind., Feb. 08, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on February 7, 2023 of $0.32 per share. The dividend is payable on March 17, 2023, to shareholders of record as of March 3, 2023. For purposes of broker trading, the ex-date of the cash dividend is March 2, 2023.

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

FAQ

What is the dividend amount declared by First Merchants Corporation?

The declared cash dividend amount is $0.32 per share.

When will the dividend be paid to shareholders of First Merchants Corporation?

The dividend will be paid on March 17, 2023.

What is the ex-dividend date for First Merchants Corporation's cash dividend?

The ex-dividend date is March 2, 2023.

Who is eligible to receive the dividend from First Merchants Corporation?

Shareholders on record as of March 3, 2023, are eligible to receive the dividend.