First Merchants's latest quarterly cash dividend of $0.32 per share was issued to shareholders on record before Sep 1, 2022. The dividend distribution stands at $1.22 per share annually, which comes to a dividend yield of 3.15%.
First Merchants's dividend yield of 3.15% is higher than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 2.95%, First Merchants's dividend yield is 7% higher. Historically FRME's dividend yield has averaged at 2.6% in the last 5 years, which is less than the current one.
First Merchants has been paying dividends for the last 28 years. Our records show that FRME has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 11% since twelve months ago. And with the price of the stock down by 9% from a year ago, the dividend yield has an increase of 22%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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's payout ratio of 35.7% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 30.2%, First Merchants's payout ratio is 18% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| HBNC Horizon Bancorp Inc | 3.4% | $0.61 | 28.6% |
| ONB Old National Bancorp | 3.36% | $0.56 | 54.9% |
| FRME First Merchants Corp | 3.14% | $1.22 | 35.7% |
| SRCE 1St Source Corp | 2.67% | $1.25 | 26.7% |
| GABC German American Bancorp Inc | 2.51% | $0.9 | 34% |
| THFF First Financial Corp | 2.36% | $1.07 | 22.4% |
Yes, First Merchants has paid four dividends in the last twelve months. FRME has been paying dividends since 1994.
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 December 2022.
First Merchants's last regular dividend was on Sep 1, 2022 (ex-date) with the amount of $0.32 per share.
FRME has paid dividend of $1.22 per share in the last year.
Currently First Merchants's dividend yield is 3.15%.
First Merchants pays dividends quarterly.
First Merchants's dividend payout ratio is 35.7%.
First Merchants's dividend yield is more than the Financial Services sector average.