First Merchants Corporation Announces Cash Dividend
Rhea-AI Summary
First Merchants Corporation (NASDAQ: FRME) announced a cash dividend of $0.32 per share on November 8, 2022, payable on December 16, 2022. Shareholders of record as of December 2, 2022 will receive this dividend, while the ex-dividend date is set for December 1, 2022. This return of income to shareholders reflects the company's performance and commitment to providing shareholder value. First Merchants Corporation, based in Muncie, Indiana, operates as a financial holding company with its full-service bank chartered as First Merchants Bank.
Positive
- Declared a cash dividend of $0.32 per share.
- Dividend payment reflects the company's commitment to shareholders.
Negative
- None.
News Market Reaction – FRME
In the trading session that priced this news, FRME declined 0.73%, 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.
MUNCIE, Ind., Nov. 09, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on November 8, 2022 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
