First Merchants Corporation Declares $0.4688 Preferred Stock Dividend
First Merchants Corporation, a financial holding company based in Muncie, Indiana, declared a quarterly cash dividend of $0.4688 per depositary share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A. The dividend will be paid to shareholders of record at the end of April.
First Merchants Corporation declared a quarterly cash dividend of $0.4688 per depositary share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A (NASDAQ: FRMEP). The Muncie, Indiana-based financial holding company announced the dividend on April 16, 2026. Read more dividend announcements.
Each depositary share represents a 1/100th interest in a share of the Series A preferred stock. The full share dividend amounts to $46.88, which translates to $0.4688 per depositary share for investors holding the traded securities.
| Dividend Details | Date |
|---|---|
| Amount per Depositary Share | $0.4688 |
| Record Date | April 30, 2026 |
| Payment Date | May 15, 2026 |
| Frequency | Quarterly |
First Merchants Corporation operates through one full-service bank charter, First Merchants Bank, which also runs First Merchants Private Wealth Advisors as a division. The company's common stock trades on the NASDAQ Global Select Market under the symbol FRME.
The 7.50% Non-Cumulative Perpetual Preferred Stock Series A is structured as a non-cumulative security, meaning any unpaid dividends do not accumulate if the board elects not to declare them in any given quarter.