First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. It accepts time, savings, and demand deposits; and provides consumer, commercial, agri-business, and real estate mortgage loans, as well as public finance. The company also offers personal and corporate trust; brokerage and private wealth management; and letters of credit, repurchase agreements, and other corporate services. It operates 109 banking locations in Indiana, Illinois, Ohio, and Michigan counties. The company also offers its services through electronic and mobile delivery channels. First Merchants Corporation was founded in 1893 and is headquartered in Muncie, Indiana.
First Merchants Dividend Announcement
• First Merchants announced a quarterly dividend of $0.35 per ordinary share which will be made payable on 2024-12-20. Ex dividend date: 2024-12-06
• First Merchants annual dividend for 2024 was $1.39
• First Merchants annual dividend for 2023 was $1.34
• First Merchants's trailing twelve-month (TTM) dividend yield is 3.25%
• First Merchants's payout ratio for the trailing twelve months (TTM) is 46.44%
• First Merchants's dividend growth over the last five years (2018-2023) was 9.79% year
• First Merchants's dividend growth over the last ten years (2013-2023) was 20.36% year
First Merchants Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-06 | $0.35 | quarterly | 2024-12-20 |
2024-09-06 | $0.35 | quarterly | 2024-09-20 |
2024-06-07 | $0.35 | quarterly | 2024-06-21 |
2024-02-29 | $0.34 | quarterly | 2024-03-15 |
2023-11-30 | $0.34 | quarterly | 2023-12-15 |
2023-08-31 | $0.34 | quarterly | 2023-09-15 |
2023-06-01 | $0.34 | quarterly | 2023-06-16 |
2023-03-02 | $0.32 | quarterly | 2023-03-17 |
2022-12-01 | $0.32 | quarterly | 2022-12-16 |
2022-09-01 | $0.32 | quarterly | 2022-09-16 |
2022-06-02 | $0.32 | quarterly | 2022-06-17 |
2022-03-03 | $0.29 | quarterly | 2022-03-18 |
2021-12-02 | $0.29 | quarterly | 2021-12-17 |
2021-09-02 | $0.29 | quarterly | 2021-09-17 |
2021-06-03 | $0.29 | quarterly | 2021-06-18 |
2021-03-04 | $0.26 | quarterly | 2021-03-19 |
2020-12-03 | $0.26 | quarterly | 2020-12-18 |
2020-09-03 | $0.26 | quarterly | 2020-09-18 |
2020-06-04 | $0.26 | quarterly | 2020-06-19 |
2020-03-05 | $0.26 | quarterly | 2020-03-20 |
2019-12-05 | $0.26 | quarterly | 2019-12-20 |
2019-08-29 | $0.26 | quarterly | 2019-09-20 |
2019-05-17 | $0.26 | quarterly | 2019-06-21 |
2019-02-28 | $0.22 | quarterly | 2019-03-15 |
2018-12-06 | $0.22 | quarterly | 2018-12-21 |
2018-09-06 | $0.22 | quarterly | 2018-09-21 |
2018-05-31 | $0.22 | quarterly | 2018-06-15 |
2018-03-01 | $0.18 | quarterly | 2018-03-16 |
2017-11-30 | $0.18 | quarterly | 2017-12-15 |
2017-08-30 | $0.18 | quarterly | 2017-09-15 |
2017-05-31 | $0.18 | quarterly | 2017-06-16 |
2017-03-01 | $0.15 | quarterly | 2017-03-17 |
2016-11-30 | $0.15 | quarterly | 2016-12-16 |
2016-08-31 | $0.14 | quarterly | 2016-09-16 |
2016-06-01 | $0.14 | quarterly | 2016-06-17 |
2016-03-02 | $0.11 | quarterly | 2016-03-18 |
2015-12-02 | $0.11 | quarterly | 2015-12-18 |
2015-09-02 | $0.11 | quarterly | 2015-09-18 |
2015-06-03 | $0.11 | quarterly | 2015-06-19 |
2015-03-05 | $0.08 | quarterly | 2015-03-20 |
2014-12-03 | $0.08 | quarterly | 2014-12-19 |
2014-09-03 | $0.08 | quarterly | 2014-09-19 |
2014-06-04 | $0.08 | quarterly | 2014-06-20 |
2014-03-05 | $0.05 | quarterly | 2014-03-21 |
2013-12-04 | $0.05 | quarterly | 2013-12-20 |
2013-09-04 | $0.05 | quarterly | 2013-09-20 |
2013-05-30 | $0.05 | quarterly | 2013-06-17 |
2013-03-13 | $0.03 | quarterly | 2013-03-20 |
2013-02-28 | $0.03 | quarterly | 2013-03-18 |
First Merchants Dividend per year
First Merchants Dividend growth
First Merchants Dividend Yield
First Merchants current trailing twelve-month (TTM) dividend yield is 3.25%. Interested in purchasing First Merchants stock? Use our calculator to estimate your expected dividend yield:
First Merchants Financial Ratios
First Merchants Dividend FAQ
Other factors to consider when evaluating First Merchants as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: First Merchants's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, First Merchants publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, First Merchants distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from First Merchants are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: First Merchants sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, First Merchants distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: First Merchants declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of First Merchants's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review First Merchants's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.