First Merchants Corporation Announces Cash Dividend

(Neutral)

Rhea-AI Summary

On February 9, 2021, First Merchants Corporation announced a cash dividend of $0.26 per share, scheduled for payout on March 19, 2021. Shareholders on record as of March 5, 2021 will receive the dividend, with the ex-date set for March 4, 2021. Headquartered in Muncie, Indiana, First Merchants Corporation operates as a financial holding company and its stock is traded on the NASDAQ under the symbol FRME.

Positive

Declared a cash dividend of $0.26 per share, reflecting confidence in financial stability.
Dividend scheduled for payout on March 19, 2021, offering shareholder income.

Negative

None.

News Market Reaction – FRME

-1.24%

-1.24% Session move

In the trading session that priced this news, FRME declined 1.24%, 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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02/10/2021 - 10:00 AM

MUNCIE, Ind., Feb. 10, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on February 9, 2021 of $0.26 per share. The dividend is payable on March 19, 2021, to shareholders of record as of March 5, 2021. For purposes of broker trading, the ex-date of the cash dividend is March 4, 2021.

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

FAQ

What is the dividend amount declared by First Merchants Corporation?

First Merchants Corporation declared a cash dividend of $0.26 per share.

When is the dividend payment date for First Merchants Corporation?

The dividend payment date is March 19, 2021.

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

The ex-dividend date is March 4, 2021.

Who will receive the dividend from First Merchants Corporation?

Shareholders on record as of March 5, 2021, will receive the dividend.

What is the stock ticker symbol for First Merchants Corporation?

The stock ticker symbol for First Merchants Corporation is FRME.