First Merchants Corporation Announces Cash Dividend

Rhea-AI Summary

First Merchants Corporation (NASDAQ: FRME) has announced a cash dividend of $0.29 per share on May 11, 2021. This dividend will be distributed on June 18, 2021, to shareholders on record as of June 4, 2021. The ex-dividend date is set for June 3, 2021. This decision reflects the company's ongoing commitment to returning value to its shareholders.

Positive

• Declaration of a $0.29 cash dividend enhances shareholder value.
• Dividend payment date set for June 18, 2021 signals consistent income for investors.

Negative

• None.

MUNCIE, Ind., May 11, 2021 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on May 11, 2021 of $0.29 per share. The dividend is payable on June 18, 2021, to shareholders of record as of June 4, 2021. For purposes of broker trading, the ex-date of the cash dividend is June 3, 2021.

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

FAQ

What is the dividend amount declared by First Merchants Corporation?

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

When will the dividend be paid to shareholders?

The dividend will be payable on June 18, 2021.

What is the record date for the dividend?

Shareholders of record as of June 4, 2021 will receive the dividend.

What is the ex-dividend date for the upcoming dividend?

The ex-dividend date is June 3, 2021.