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

First Merchants Co. (NASDAQ:FRMEP) announced a quarterly dividend on Tuesday, April 15th, Wall Street Journal reports. Investors 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 annualized dividend and a yield of 7.49%. The ex-dividend date of this dividend is Wednesday, April 30th.

First Merchants Price Performance

NASDAQ FRMEP remained flat at $25.05 on Tuesday. 103 shares of the company’s stock traded hands, compared to its average volume of 1,419. First Merchants has a 12 month low of $23.38 and a 12 month high of $25.90. The firm has a fifty day simple moving average of $25.22 and a 200-day simple moving average 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.