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

+1.69%

1 alert

+1.69% News Effect

On the day this news was published, FRME gained 1.69%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

MUNCIE, Ind., Aug. 19, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on August 16, 2024 of $0.35 per share. The dividend is payable on September 20, 2024, to shareholders of record as of September 6, 2024. For purposes of broker trading, the ex-date of the cash dividend is September 5, 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

FAQ

What is the dividend amount announced by First Merchants (FRME)?

First Merchants (FRME) announced a cash dividend of $0.35 per share.

When is the payment date for First Merchants 's (FRME) recently announced dividend?

The dividend payment date is September 20, 2024.

What is the record date for First Merchants 's (FRME) latest dividend?

The record date for the dividend is September 6, 2024.

What is the ex-dividend date for First Merchants 's (FRME) recent dividend announcement?

The ex-dividend date for broker trading purposes is September 5, 2024.