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FRME First Merchants dividend history, payout ratio & dates

  1. Stocks
  2. Financial Services
  3. NASDAQ: FRME
  4. Dividend

First Merchants's latest quarterly cash dividend of $0.34 per share was issued to shareholders on record before Nov 30, 2023. The dividend distribution stands at $1.34 per share annually, which comes to a dividend yield of 4.11%.

Key dates

  • FRME last dividend date: Nov 30, 2023
  • FRME next dividend date: Not announced
Peer dividends: THFF SRCE HBNC ONB GABC
FRME dividend stats
DPS
$1.34
Dividend yield
4.05%
Payout ratio
31.6%
vs. Financial Services sector
Dividend yield
3.38%
Payout ratio
36.5%

Dividend yield

What is First Merchants current dividend yield

First Merchants's dividend yield of 4.11% is higher than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 3.38%, First Merchants's dividend yield is 22% higher. Historically FRME's dividend yield has averaged at 3.1% in the last 5 years, which is less than the current one.

Dividend history

What is FRME dividend payout history and dates

First Merchants has been paying dividends for the last 29 years. Our records show that FRME has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 7% since twelve months ago. And with the price of the stock down by 22% from a year ago, the dividend yield has an increase of 38%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Nov 30, 2023 Dec 15, 2023 Nov 9, 2023 $0.34 normal
Aug 31, 2023 Sep 15, 2023 Aug 9, 2023 $0.34 normal
Jun 1, 2023 Jun 16, 2023 May 10, 2023 $0.34 normal
Mar 2, 2023 Mar 17, 2023 Feb 8, 2023 $0.32 normal
Dec 1, 2022 Dec 16, 2022 Nov 8, 2022 $0.32 normal
Sep 1, 2022 Sep 16, 2022 Aug 10, 2022 $0.32 normal
Jun 2, 2022 Jun 17, 2022 May 10, 2022 $0.32 normal
Mar 3, 2022 Mar 18, 2022 Feb 8, 2022 $0.29 normal
Dec 2, 2021 Dec 17, 2021 Nov 9, 2021 $0.29 normal
Sep 2, 2021 Sep 17, 2021 Aug 10, 2021 $0.29 normal
Jun 3, 2021 Jun 18, 2021 May 11, 2021 $0.29 normal
Mar 4, 2021 Mar 19, 2021 Feb 9, 2021 $0.26 normal
Dec 3, 2020 Dec 18, 2020 Nov 5, 2020 $0.26 normal
Sep 3, 2020 Sep 18, 2020 Aug 5, 2020 $0.26 normal
Jun 4, 2020 Jun 19, 2020 May 13, 2020 $0.26 normal
Mar 5, 2020 Mar 20, 2020 Feb 5, 2020 $0.26 normal
Dec 5, 2019 Dec 20, 2019 Nov 7, 2019 $0.26 normal
Aug 29, 2019 Sep 20, 2019 Aug 8, 2019 $0.26 normal
May 17, 2019 Jun 21, 2019 May 9, 2019 $0.26 normal
Feb 28, 2019 Mar 15, 2019 Feb 5, 2019 $0.22 normal
Dec 6, 2018 Dec 21, 2018 Nov 7, 2018 $0.22 normal
Sep 6, 2018 Sep 21, 2018 Aug 14, 2018 $0.22 normal
May 31, 2018 Jun 15, 2018 May 10, 2018 $0.22 normal
Mar 1, 2018 Mar 16, 2018 Feb 8, 2018 $0.18 normal
Nov 30, 2017 Dec 15, 2017 Nov 9, 2017 $0.18 normal
Aug 30, 2017 Sep 15, 2017 Aug 10, 2017 $0.18 normal
May 31, 2017 Jun 16, 2017 May 1, 2017 $0.18 normal
Mar 1, 2017 Mar 17, 2017 Feb 9, 2017 $0.15 normal
Nov 30, 2016 Dec 16, 2016 Nov 15, 2016 $0.15 normal
Aug 31, 2016 Sep 16, 2016 Aug 11, 2016 $0.14 normal
Jun 1, 2016 Jun 17, 2016 May 2, 2016 $0.14 normal
Mar 2, 2016 Mar 18, 2016 Feb 9, 2016 $0.11 normal

First Merchants dividend payout ratio

What is First Merchants dividend payout ratio compared to the sector

Payout ratio

First Merchants's payout ratio of 31.6% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 36.5%, First Merchants's payout ratio is 13% lower.

Total amount of dividends paid per financial year (from cash flow)

FRME dividend vs peer dividends

How does FRME dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
HBNC Horizon Bancorp Inc 5.49% $0.64 37.6%
FRME First Merchants Corp 4.05% $1.34 31.6%
ONB Old National Bancorp 3.56% $0.56 25.5%
GABC German American Bancorp Inc 3.31% $1 33.1%
THFF First Financial Corp 2.71% $1.08 20%
SRCE 1St Source Corp 2.61% $1.3 25.4%

Frequently asked questions

Does First Merchants pay a dividend?

Yes, First Merchants has paid four dividends in the last twelve months. FRME has been paying dividends since 1994.

When is First Merchants's next dividend?

FRME hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in February 2024.

When was FRME's last dividend?

First Merchants's last regular dividend was on Nov 30, 2023 (ex-date) with the amount of $0.34 per share.

How much dividend does First Merchants pay (per share)?

FRME has paid dividend of $1.34 per share in the last year.

What is First Merchants's dividend yield?

Currently First Merchants's dividend yield is 4.11%.

How often does First Merchants pay dividends?

First Merchants pays dividends quarterly.

What is First Merchants's dividend payout ratio?

First Merchants's dividend payout ratio is 31.6%.

Does First Merchants pay a good dividend?

First Merchants's dividend yield is more than the Financial Services sector average.