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. Investors of record on Wednesday, April 30th will be given a dividend of 0.4688 per share on Thursday, May 15th. This represents a $1.88 annualized dividend and a dividend yield of 7.49%. The ex-dividend date of this dividend is Wednesday, April 30th.

First Merchants Trading Down 0.1 %

NASDAQ:FRMEP traded down $0.02 during midday trading on Wednesday, reaching $25.03. 600 shares of the company traded hands, compared to its average volume of 1,430. First Merchants has a twelve month low of $23.38 and a twelve month high of $25.90. The company has a fifty day moving average price of $25.21 and a 200 day moving average price of $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.