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

First Merchants Co. (NASDAQ:FRMEP) declared a quarterly dividend on Monday, April 14th, Wall Street Journal reports. Shareholders of record on Wednesday, April 30th will be paid a dividend of 0.4688 per share on Thursday, May 15th. This represents a $1.88 dividend on an annualized basis and a yield of 7.40%. The ex-dividend date is Wednesday, April 30th.

First Merchants Stock Performance

Shares of NASDAQ FRMEP opened at $25.33 on Monday. First Merchants has a 52 week low of $23.38 and a 52 week high of $25.90. The firm has a 50-day simple moving average of $25.20 and a 200-day simple moving average of $25.44.

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.