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First Merchants (FRME) Dividend Yield, Date & History

First Merchants logo
$43.77 +0.60 (+1.39%)
(As of 12/16/2024 ET)

First Merchants Dividend Summary

Dividend Yield
3.20%
Annual Dividend
$1.40
Next
Dividend Payment
Dec. 20
Dividend Increase
Track Record
13 Years
Annualized 3-Year
Dividend Growth
8.82%
Dividend Payout Ratio
46.20%

First Merchants (FRME) pays an annual dividend of $1.40 per share, with a dividend yield of 3.20%. The next quarterly payment of $0.35 per share is scheduled for Friday, December 20, to investors who owned the stock before the ex-dividend date of Friday, December 6. FRME has grown its dividend for 13 consecutive years, with an average annual increase of 2.86%. The company currently pays out 46.20% of its earnings and 33.97% of its cash flow as dividends.

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FRME Dividend Payments by Quarter

The chart below displays up to four years of First Merchants' dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

FRME Dividend Yield Over Time

The chart below tracks First Merchants' dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

First Merchants vs. The Competition

Compare First Merchants' annual dividend, yield, and 3-year growth rate with averages for Finance and NASDAQ companies to evaluate its performance against the market.

TypeFirst MerchantsFinance CompaniesNASDAQ Companies
Annual Dividend$1.40$0.02$1.30
Dividend Yield3.20%10.33%4.04%
Annualized 3-Year Dividend Growth8.82%12.89%14.22%
Track Record13 years17 years19 years

First Merchants Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings46.20%
Based on This Year's Estimate41.42%
Based on Next Year's Estimate39.77%
Based on Cashflow33.97%

First Merchants Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
11/12/2024quarterly$0.35 - 3.2%12/6/202412/6/202412/20/2024
8/16/2024Quarterly$0.35 - 3.75%9/6/20249/6/20249/20/2024
5/7/2024Quarterly$0.35+$0.01
2.94%
3.91%6/7/20246/7/20246/21/2024
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2/6/2024Quarterly$0.34 - 4.05%2/29/20243/1/20243/15/2024
11/9/2023quarterly$0.34 - 4.3%11/30/202312/1/202312/15/2023
8/8/2023Quarterly$0.34 - 4.26%8/31/20239/1/20239/15/2023
5/10/2023Quarterly$0.34+$0.02
6.25%
5.46%6/1/20236/2/20236/16/2023
2/8/2023Quarterly$0.32 - 3.04%3/2/20233/3/20233/17/2023

This table shows First Merchants' quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

First Merchants Dividend - Frequently Asked Questions

The current dividend yield for First Merchants is 3.20%. Learn more on FRME's dividend yield history.

The annual dividend for FRME shares is $1.40. Learn more on FRME's annual dividend history.

First Merchants pays quarterly dividends to shareholders.

First Merchants's next quarterly dividend payment of $0.35 per share will be made to shareholders on Friday, December 20, 2024.

First Merchants's most recent quarterly dividend payment of $0.35 per share was made to shareholders on Friday, September 20, 2024.

First Merchants's most recent ex-dividend date was Friday, December 6, 2024.

Over the past three years, the company's dividend has grown by an average of 8.82% per year.

First Merchants has increased its dividend for the past 13 consecutive years.

The most recent change in the company's dividend was an increase of $0.01 on Tuesday, May 7, 2024.

The dividend payout ratio for FRME is:
  • 46.20% based on the trailing year of earnings
  • 41.42% based on this year's estimates
  • 39.77% based on next year's estimates
  • 33.97% based on cash flow

First Merchants' dividend yield of 3.23% is lower than the average Finance company that issues a dividend. The company's 13 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. First Merchants' dividend payout ratio of 46.20% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate First Merchants stock as a Moderate Buy, forecasting growth opportunities and potential value appreciation.


This page (NASDAQ:FRME) was last updated on 12/17/2024 by MarketBeat.com Staff
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