First Merchants Corporation Announces Cash Dividend
Rhea-AI Summary
First Merchants Corporation (NASDAQ: FRME) declared a cash dividend of $0.26 per share on August 6, 2020. The dividend is set to be paid on September 18, 2020, to shareholders recorded by September 4, 2020. The ex-dividend date is September 3, 2020. First Merchants Corporation, headquartered in Muncie, Indiana, operates First Merchants Bank and its wealth advisory division.
Positive
- Declared a cash dividend of $0.26 per share, enhancing shareholder income.
- Dividend payment demonstrates company confidence in financial stability.
Negative
- None.
News Market Reaction – FRME
In the trading session that priced this news, FRME gained 0.76%, 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.
MUNCIE, Ind., Aug. 06, 2020 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on August 6, 2020 of
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