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MUNCIE, Ind. - First Merchants Corporation (NASDAQ:FRME) announced Friday a quarterly cash dividend of $0.36 per common share, maintaining the same payout level as its previous distribution. The regional bank, with a market capitalization of $2.25 billion, has maintained dividend payments for 37 consecutive years and raised them for the past 13 years, according to InvestingPro data.
The dividend will be paid on September 19, 2025, to shareholders of record as of September 5, 2025, according to a press release issued by the financial holding company. The current dividend yield stands at 3.64%, while the stock trades at a P/E ratio of 10.1.
First Merchants Corporation, headquartered in Muncie, Indiana, operates through its full-service banking charter, First Merchants Bank, which includes the First Merchants Private Wealth Advisors division.
The company’s shares are traded on the NASDAQ Global Select Market under the symbol FRME.
In other recent news, First Merchants Corporation announced its plan to redeem $5 million in principal amount of its 5.00% Fixed-to-Floating Rate Senior Notes due 2028. This redemption is scheduled for July 30, 2025, aligning with the next interest payment date. The redemption will leave no principal amount outstanding from this issuance, which was originally dated November 1, 2013. The redemption notice was distributed on or about June 9, 2025, through the company’s issuing and paying agent. These developments reflect First Merchants Corporation’s strategic financial management and adherence to the optional redemption provisions outlined in the Senior Note Certificate. The company’s decision may be of interest to investors monitoring its financial strategies and debt management practices.
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