First Merchants Corporation Announces Cash Dividend

Rhea-AI Summary

First Merchants Corporation has declared a cash dividend of $0.29 per share on February 8, 2022. This dividend is set for payment on March 18, 2022, to shareholders recorded as of March 4, 2022. For trading purposes, the ex-date is March 3, 2022. This announcement reinforces the company’s commitment to returning value to its shareholders.

Positive

• Declared a cash dividend of $0.29 per share.
• Dividend payment scheduled for March 18, 2022.
• Signifies positive cash flow and shareholder value.

Negative

• None.

MUNCIE, Ind., Feb. 09, 2022 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on February 8, 2022 of $0.29 per share. The dividend is payable on March 18, 2022, to shareholders of record as of March 4, 2022. For purposes of broker trading, the ex-date of the cash dividend is March 3, 2022.

About First Merchants Corporation:

First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors (as a division of First Merchants Bank).

First Merchants Corporation’s common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. Quotations are carried in daily newspapers and can be found on the company’s Internet web page (http://www.firstmerchants.com).

FIRST MERCHANTS and the Shield Logo are federally registered trademarks of First Merchants Corporation.

For more information, contact:
Nicole M. Weaver, Vice President and Director of Corporate Administration
765-521-7619
http://www.firstmerchants.com

SOURCE: First Merchants Corporation (NASDAQ: FRME)

FAQ

What is the dividend amount declared by First Merchants Corporation?

First Merchants Corporation declared a dividend of $0.29 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on March 18, 2022.

When is the record date for the dividend payment?

The record date for the dividend payment is March 4, 2022.

What is the ex-date for the dividend?

The ex-date for the dividend is March 3, 2022.