First Merchants Corporation announced a cash dividend of $0.36 per share, payable on June 20, 2025.
Quiver AI Summary
First Merchants Corporation announced a cash dividend of $0.36 per share, set to be paid on June 20, 2025, to shareholders recorded as of June 6, 2025, with an ex-dividend date of June 5, 2025. Headquartered in Muncie, Indiana, First Merchants Corporation operates as a financial holding company with First Merchants Bank serving as its primary full-service bank. The company's shares are listed on the NASDAQ under the symbol FRME, and additional information is available on its website.
Potential Positives
- First Merchants Corporation announced a cash dividend of $0.36 per share, which demonstrates the company's commitment to returning value to its shareholders.
- The dividend declaration indicates the company's financial stability and profitability, allowing it to distribute cash to shareholders.
- The scheduled payment date of June 20, 2025, provides shareholders with a clear timeline for receiving their dividends.
- The dividend announcement can attract potential investors looking for income-generating investments, potentially boosting the company's stock price.
Potential Negatives
- The dividend amount of $0.36 per share may be perceived as lower than expected, potentially leading to shareholder dissatisfaction.
FAQ
What is the cash dividend declared by First Merchants Corporation?
First Merchants Corporation declared a cash dividend of $0.36 per share on May 16, 2025.
When will the dividend be paid to shareholders?
The dividend will be payable on June 20, 2025, to shareholders of record as of June 6, 2025.
What is the ex-date for the cash dividend?
The ex-date for the cash dividend is June 5, 2025, for broker trading purposes.
What is First Merchants Corporation?
First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana, operating First Merchants Bank.
Where can I find more information about First Merchants Corporation?
More information can be found on the company's website at http://www.firstmerchants.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$FRME Insider Trading Activity
$FRME insiders have traded $FRME stock on the open market 2 times in the past 6 months. Of those trades, 1 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $FRME stock by insiders over the last 6 months:
- MICHAEL J STEWART (President) sold 7,248 shares for an estimated $316,955
- HOWARD HALDERMAN purchased 4 shares for an estimated $164
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$FRME Hedge Fund Activity
We have seen 115 institutional investors add shares of $FRME stock to their portfolio, and 129 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PL CAPITAL ADVISORS, LLC removed 26,691,490 shares (-97.5%) from their portfolio in Q1 2025, for an estimated $1,079,403,855
- BOSTON PARTNERS removed 721,502 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $28,780,714
- FIRST TRUST ADVISORS LP added 391,772 shares (+56.8%) to their portfolio in Q1 2025, for an estimated $15,843,259
- GLENMEDE TRUST CO NA added 311,118 shares (+inf%) to their portfolio in Q1 2025, for an estimated $12,581,611
- METLIFE INVESTMENT MANAGEMENT, LLC added 299,092 shares (+842.5%) to their portfolio in Q1 2025, for an estimated $12,095,280
- AMERICAN CENTURY COMPANIES INC removed 289,600 shares (-20.8%) from their portfolio in Q1 2025, for an estimated $11,711,424
- BANK OF NEW YORK MELLON CORP removed 240,061 shares (-25.8%) from their portfolio in Q1 2025, for an estimated $9,708,066
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
MUNCIE, Ind., May 16, 2025 (GLOBE NEWSWIRE) -- First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on May 16, 2025 of $0.36 per share. The dividend is payable on June 20, 2025, to common shareholders of record as of June 6, 2025. For purposes of broker trading, the ex-date of the cash dividend is June 5, 2025.
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, First Vice President and Director of Corporate Administration
765-521-7619
http://www.firstmerchants.com
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
