First Merchants Corporation Announces Cash Dividend

(Neutral)

Rhea-AI Summary

First Merchants Corporation (NASDAQ: FRME) announced a cash dividend of $0.29 per share on August 10, 2021. This dividend is set to be paid on September 17, 2021, to shareholders on record as of September 3, 2021. The ex-dividend date is September 2, 2021, indicating when new shareholders would not be entitled to this payment. First Merchants Corporation operates as a financial holding company and its stock is traded on the NASDAQ Global Select Market.

Positive

Declared a cash dividend of $0.29 per share, indicating strong financial performance.
Dividend payment demonstrates company confidence and commitment to returning value to shareholders.

Negative

None.

News Market Reaction – FRME

+1.80%

+1.80% Session move

In the trading session that priced this news, FRME gained 1.80%, 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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08/11/2021 - 10:00 AM

MUNCIE, Ind., Aug. 11, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on August 10, 2021 of $0.29 per share. The dividend is payable on September 17, 2021, to shareholders of record as of September 3, 2021. For purposes of broker trading, the ex-date of the cash dividend is September 2, 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

SOURCE: First Merchants Corporation

FAQ

What is the dividend amount declared by First Merchants Corporation for 2021?

First Merchants Corporation declared a cash dividend of $0.29 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on September 17, 2021.

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

The ex-dividend date is September 2, 2021.

Who is eligible for the dividend payment from First Merchants Corporation?

Shareholders of record as of September 3, 2021, are eligible for the dividend payment.