First Merchants Co. (NASDAQ:FRMEP) Plans $0.47 Quarterly Dividend

First Merchants Co. (NASDAQ:FRMEP) declared a quarterly dividend on Tuesday, October 15th, Wall Street Journal reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.4688 per share on Friday, November 15th. This represents a $1.88 dividend on an annualized basis and a yield of 7.37%. The ex-dividend date of this dividend is Thursday, October 31st.

First Merchants Price Performance

NASDAQ:FRMEP remained flat at $25.46 on Thursday. The firm’s fifty day moving average is $25.32 and its 200-day moving average is $25.29. First Merchants has a 1 year low of $22.79 and a 1 year high of $26.43.

About First Merchants

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans.