---
title: "First Merchants Corporation Announces Cash Dividend on Its Preferred Stock | FRME Stock News"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/208916828.md"
description: "First Merchants Corporation has announced a cash dividend on its preferred stock. The dividend of $46.88 per share will be payable on August 15, 2024."
datetime: "2024-07-15T19:00:00.000Z"
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---

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# First Merchants Corporation Announces Cash Dividend on Its Preferred Stock | FRME Stock News

07/15/2024 - 03:00 PM

MUNCIE, Ind., July 15, 2024 (GLOBE NEWSWIRE) -- First Merchants Corporation has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, represented by depositary shares (NASDAQ: FRMEP) each representing a 1/100th interest in a share of the Series A preferred stock. Holders of depositary shares will receive $0.4688 per depositary share. The dividend will be payable on August 15, 2024, to stockholders of record on July 30, 2024.  

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. Depositary shares representing a 1/100th interest in a share of First Merchants Corporation’s 7.50% Non-Cumulative Perpetual Preferred Stock, Series A are traded on the NASDAQ Global Select Market System under the symbol FRMEP. 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, Vice President and Director of Corporate Administration  
765-521-7619  
http://www.firstmerchants.com

SOURCE: First Merchants Corporation (NASDAQ: FRME), Muncie, Indiana

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