Shares of First Merchants Co. (NASDAQ:FRMEP – Get Free Report) traded up 1.4% during trading on Monday after the company announced a dividend. The stock traded as high as $25.05 and last traded at $25.41. 103 shares traded hands during trading, a decline of 93% from the average session volume of 1,427 shares. The stock had previously closed at $25.05.
The newly announced dividend which will be paid on Thursday, May 15th. Stockholders of record on Wednesday, April 30th will be issued a $0.4688 dividend. This represents a $1.88 annualized dividend and a dividend yield of 7.49%. The ex-dividend date is Wednesday, April 30th.
First Merchants Stock Down 0.1 %
The business’s 50-day moving average is $25.21 and its two-hundred day moving average is $25.46.
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.
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