First Merchants (NASDAQ:FRMEP) Trading Up 1.4%

First Merchants Co. (NASDAQ:FRMEPGet Free Report) shares were up 1.4% during mid-day trading on Monday . The company traded as high as $25.25 and last traded at $25.04. Approximately 5,719 shares traded hands during mid-day trading, an increase of 324% from the average daily volume of 1,350 shares. The stock had previously closed at $24.70.

First Merchants Stock Performance

The firm has a 50-day moving average price of $25.28 and a two-hundred day moving average price of $25.15.

First Merchants Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th were given a dividend of $0.4688 per share. The ex-dividend date of this dividend was Monday, April 29th. This represents a $1.88 annualized dividend and a dividend yield of 7.49%.

First Merchants Company Profile

(Get Free Report)

First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans.

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