First Merchants Corporation Announces Cash Dividend
Rhea-AI Summary
First Merchants (NASDAQ: FRME) has announced a cash dividend of $0.35 per share, as declared on August 16, 2024. The dividend will be payable on September 20, 2024, to shareholders of record as of September 6, 2024. For broker trading purposes, the ex-date is set for September 5, 2024.
First Merchants is a financial holding company based in Muncie, Indiana, operating through its full-service bank charter, First Merchants Bank. The bank also provides services under First Merchants Private Wealth Advisors, a division of First Merchants Bank.
Positive
- Consistent dividend payment indicates financial stability
- Dividend of $0.35 per share provides income for shareholders
Negative
- None.
News Market Reaction – FRME
In the trading session that priced this news, FRME gained 1.69%, 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. 19, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on August 16, 2024 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
