First Merchants Co. (NASDAQ:FRMEP – Get Free Report) shares traded up 1.4% during trading on Monday following a dividend announcement from the company. The company traded as high as $25.05 and last traded at $25.41. 103 shares were traded during trading, a decline of 93% from the average session volume of 1,427 shares. The stock had previously closed at $25.05.
The newly announced dividend which will be paid on Thursday, May 15th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.4688 per share. The ex-dividend date is Wednesday, April 30th. This represents a $1.88 dividend on an annualized basis and a yield of 7.49%.
First Merchants Price Performance
The company has a 50-day moving average price of $25.21 and a 200 day moving average price of $25.46.
About First Merchants
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans.
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