First Merchants Corporation, based in Muncie, Indiana, has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A. Each depositary share (NASDAQ: FRMEP) will receive $0.4688. The dividend is set to be paid on August 15, 2024, to stockholders of record on July 30, 2024.
First Merchants Corporation operates through its full-service bank charter, First Merchants Bank, which includes First Merchants Private Wealth Advisors as a division. The company’s common stock trades on the NASDAQ Global Select Market under the symbol FRME, while the depositary shares trade under FRMEP.
The consistent dividend payments indicate financial stability for First Merchants. The corporation’s preferred stock offering remains at 7.50%, providing a reliable investment option for shareholders. For more information, investors can contact Nicole M. Weaver, Vice President, and Director of Corporate Administration at 765-521-7619.
First Merchants Corporation is recognized for its financial services and operates under the federally registered trademarks FIRST MERCHANTS and the Shield Logo. Investors can find daily stock quotations in newspapers or on the company’s website.