FreeTheAI

First Merchants Declares $0.4688 Quarterly Preferred Dividend

NeutralLow impact
FRME$39.48 1.81%

First Merchants Corporation (FRME) announced a regular quarterly cash dividend of $0.4688 per depositary share for its 7.50% Non-Cumulative Preferred Stock, Series A (FRMEP). The payout will be distributed on Nov. 16, 2026, to shareholders of record as of the close of business on Oct. 30, 2026. Shares of First Merchants Corporation traded up 1.50% to $39.36 following the announcement.

The distribution aligns with the stated terms of the preferred shares and highlights ongoing dividend stability for income investors. Because the preferred shares are non-cumulative, regular quarterly payments confirm the company's commitment to maintaining capital distributions without interruption.

Investors will keep an eye on upcoming ex-dividend trading dates ahead of the record date, as trading activity around preferred shares often shifts near cut-off deadlines. Future focus will center on broader credit and capital metric disclosures from the bank to assess long-term dividend coverage.

Key points

  • First Merchants Corporation declared a quarterly cash dividend of $0.4688 per FRMEP depositary share.
  • The dividend is payable on Nov. 16, 2026, to holders of record on Oct. 30, 2026.
  • The payment reflects the regular distribution for the bank's 7.50% Series A preferred stock.
  • Shares of First Merchants Corporation rose 1.50% to $39.36 following the declaration.

Written by our AI from expert market sources across the web. It can contain mistakes: check the facts before acting on them. Write-ups powered by the free AI API at FreeTheAI.org

How we writeDisclaimer

Questions and answers

What is the First Merchants preferred stock dividend amount?

First Merchants Corporation declared a quarterly dividend of $0.4688 per depositary share on its 7.50% Series A preferred stock.

When is the payment date for the First Merchants FRMEP dividend?

The dividend is payable on Nov. 16, 2026, to shareholders of record as of Oct. 30, 2026.

Is the First Merchants preferred stock dividend cumulative?

No, the Series A preferred stock distribution is non-cumulative, meaning unpaid dividends do not accumulate.