First Merchants Corporation Announces Cash Dividend

(Neutral)

Rhea-AI Summary

First Merchants announced a cash dividend of $0.35 per share payable on June 21, 2024, with an ex-date of June 6, 2024. The company is a financial holding company with one full-service bank charter, First Merchants Bank, traded on NASDAQ under FRME.

Positive

Stable dividend payout of $0.35 per share.
Company's common stock traded on NASDAQ Global Select Market System under the symbol FRME.

Negative

None.

News Market Reaction – FRME

+0.68%

+0.68% Session move

In the trading session that priced this news, FRME gained 0.68%, 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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05/08/2024 - 08:00 AM

MUNCIE, Ind., May 08, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on May 7, 2024 of $0.35 per share. The dividend is payable on June 21, 2024, to shareholders of record as of June 7, 2024. For purposes of broker trading, the ex-date of the cash dividend is June 6, 2024.

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 (NASDAQ: FRME), Muncie, Indiana

FAQ

What is the cash dividend amount announced by First Merchants ?

First Merchants declared a cash dividend of $0.35 per share.

When is the dividend payable to shareholders?

The dividend is payable on June 21, 2024.

What is the ex-date of the cash dividend for First Merchants ?

The ex-date of the cash dividend is June 6, 2024.

Where is First Merchants headquartered?

First Merchants is headquartered in Muncie, Indiana.

Where is First Merchants 's common stock traded?

First Merchants 's common stock is traded on the NASDAQ Global Select Market System under the symbol FRME.