First Merchants Corporation Announces Cash Dividend

(Neutral)

Rhea-AI Summary

First Merchants Corporation (NASDAQ: FRME) has declared a cash dividend of $0.26 per share on November 6, 2020. This dividend is scheduled for payment on December 18, 2020, to shareholders on record as of December 4, 2020. The ex-dividend date is set for December 3, 2020. First Merchants Corporation is a financial holding company based in Muncie, Indiana, and operates First Merchants Bank, along with its private wealth advisory division.

Positive

Dividend of $0.26 per share increases income for shareholders.
Demonstrates company confidence in financial stability.

Negative

None.

News Market Reaction – FRME

-1.24%

-1.24% Session move

In the trading session that priced this news, FRME declined 1.24%, 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.

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11/06/2020 - 10:00 AM

MUNCIE, Ind., Nov. 06, 2020 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on November 6, 2020 of $0.26 per share. The dividend is payable on December 18, 2020, to shareholders of record as of December 4, 2020. For purposes of broker trading, the ex-date of the cash dividend is December 3, 2020.

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 declared by FRME?

First Merchants Corporation declared a cash dividend of $0.26 per share.

When will the dividend for FRME be paid?

The dividend will be payable on December 18, 2020.

What is the ex-dividend date for FRME?

The ex-dividend date is December 3, 2020.

Who will receive the FRME dividend?

Shareholders of record as of December 4, 2020, will receive the dividend.

What is the significance of the cash dividend for FRME?

The cash dividend reflects the company's confidence in its financial health and returns income to shareholders.