First Merchants Corporation (NASDAQ: FRME) announced on May 20, 2026, that its board of directors has declared a quarterly cash dividend of $0.35 per share. The dividend is payable on June 15, 2026, to shareholders of record as of June 1, 2026.
This dividend represents a continuation of the company's policy of returning value to shareholders. First Merchants Corporation, based in Muncie, Indiana, operates as a financial holding company with banking offices across Indiana, Illinois, Ohio, and Michigan.
As of the announcement, the company's stock was trading at $38.42 per share. The dividend yield based on this price is approximately 3.64% annually. The company has paid consecutive quarterly dividends for over 30 years.
