First Merchants Corporation Announces Cash Dividend

Rhea-AI Summary

First Merchants Corporation (FMC) Declares $0.34 Per Share Cash Dividend

Positive

• The declaration of a cash dividend indicates the company's financial stability and commitment to rewarding shareholders.
• The dividend amount of $0.34 per share is a positive sign for investors, showcasing the company's ability to generate profits and distribute them among shareholders.

Negative

• None.

MUNCIE, Ind., Nov. 13, 2023 (GLOBE NEWSWIRE) -- First Merchants Corporation declared a cash dividend on November 9, 2023 of $0.34 per share. The dividend is payable on December 15, 2023, to shareholders of record as of December 1, 2023. For purposes of broker trading, the ex-date of the cash dividend is November 30, 2023.

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

FAQ

What is the cash dividend declared by First Merchants Corporation?

First Merchants Corporation declared a cash dividend of $0.34 per share on November 9, 2023.

When is the dividend payable to shareholders?

The dividend is payable on December 15, 2023, to shareholders of record as of December 1, 2023.

What is the ex-date of the cash dividend for broker trading?

For purposes of broker trading, the ex-date of the cash dividend is November 30, 2023.