Shares of First Merchants Co. (NASDAQ:FRMEP – Get Free Report) rose 0.5% on Wednesday . The stock traded as high as $25.64 and last traded at $25.64. Approximately 200 shares changed hands during mid-day trading, a decline of 83% from the average daily volume of 1,206 shares. The stock had previously closed at $25.50.
First Merchants Price Performance
The business’s 50 day moving average is $25.62 and its two-hundred day moving average is $25.41.
First Merchants Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Stockholders of record on Thursday, October 31st were issued a dividend of $0.4688 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.31%. The ex-dividend date of this dividend was Thursday, October 31st.
First Merchants Company Profile
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.
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