First Merchants (NASDAQ:FRMEP) Stock Price Down 0.1% – What’s Next?

Shares of First Merchants Co. (NASDAQ:FRMEP) dropped 0.1% during mid-day trading on Thursday . The company traded as low as $25.38 and last traded at $25.38. Approximately 151 shares changed hands during trading, a decline of 75% from the average daily volume of 603 shares. The stock had previously closed at $25.40.

First Merchants Trading Down 0.1 %

The company has a 50-day moving average of $25.59 and a 200-day moving average of $25.49.

First Merchants Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Saturday, February 15th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.4688 per share. The ex-dividend date of this dividend is Friday, January 31st. This represents a $1.88 annualized dividend and a dividend yield of 7.39%.

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.