DividendApr 16, 2026, 04:07 PM

First Merchants Declares $0.4688/Share Preferred Stock Dividend

AI Summary

First Merchants Corporation announced a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A. Holders of depositary shares (NASDAQ: FRMEP), representing a 1/100th interest, will receive $0.4688 per depositary share. The dividend is scheduled for payment on May 15, 2026, to stockholders of record as of April 30, 2026.

Key Highlights

Declared quarterly cash dividend of $46.88 per preferred share.
Depositary shares (FRMEP) to receive $0.4688 per share.
Dividend payable on May 15, 2026.
Record date for dividend is April 30, 2026.

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FRME

Major Banks

FIRST MERCHANTS CORP

Price Impact