First Merchants Corporation Announces Cash Dividend

First Merchants Corporation (NASDAQ: FRME) declared a cash dividend of $0.32 per share on May 10, 2022.

Rhea-AI Summary

First Merchants Corporation (NASDAQ: FRME) declared a cash dividend of $0.32 per share on May 10, 2022. This dividend is set to be paid on June 17, 2022, to shareholders on record as of June 3, 2022. The ex-dividend date for this cash dividend is June 2, 2022, allowing investors to know when they need to own shares to receive the payout. The company operates under one full-service banking charter and is based in Muncie, Indiana.

Positive

• Dividend of $0.32 per share announced.
• Payment date set for June 17, 2022.

Negative

• None.

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-1.06% session move Open Argus

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News Market Reaction – FRME

The recorded move for FRME in the trading session of this news was -1.06%.

Data tracked by StockTitan Argus. Session date unavailable.

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MUNCIE, Ind., May 10, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on May 10, 2022 of $0.32 per share. The dividend is payable on June 17, 2022, to shareholders of record as of June 3, 2022. For purposes of broker trading, the ex-date of the cash dividend is June 2, 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

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What is the dividend amount declared by First Merchants Corporation?

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

When is the dividend payable for First Merchants Corporation?

The dividend is payable on June 17, 2022.

What is the ex-dividend date for the dividend?

The ex-dividend date is June 2, 2022.

Who are the shareholders eligible for the dividend?

Shareholders of record as of June 3, 2022, are eligible for the dividend.