FRME First Merchants dividend history, payout ratio & dates
First Merchants's latest cash dividend of $0.35 per share was issued to shareholders on record before Sep 6, 2024. The dividend distribution stands at $1.38 per share annually, which comes to a dividend yield of 3.18%.
Key dates
- FRME last dividend date: Sep 6, 2024
FRME dividend stats
vs. Financial Services sector
Dividend yield
First Merchants's dividend yield of 3.18% is higher than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 2.58%, First Merchants's dividend yield is 23% higher. Historically FRME's dividend yield has averaged at 3.5% in the last 5 years, which is more than the current one.
Dividend history
First Merchants has been paying dividends for the last 30 years. Our records show that FRME has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 4.5% since twelve months ago. However with the price of the stock up by 40% from a year ago, the dividend yield has a decrease of 25%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Sep 6, 2024 | $0.35 | 3.79% |
| Jun 7, 2024 | $0.35 | 4.34% |
| Feb 29, 2024 | $0.34 | 4.1% |
| Nov 30, 2023 | $0.34 | 4.37% |
| Aug 31, 2023 | $0.34 | 4.42% |
| Jun 1, 2023 | $0.34 | 4.86% |
| Mar 2, 2023 | $0.32 | 3.2% |
| Dec 1, 2022 | $0.32 | 2.87% |
| Sep 1, 2022 | $0.32 | 3.06% |
| Jun 2, 2022 | $0.32 | 2.91% |
| Mar 3, 2022 | $0.29 | 2.66% |
| Dec 2, 2021 | $0.29 | 2.78% |
| Sep 2, 2021 | $0.29 | 2.7% |
| Jun 3, 2021 | $0.29 | 2.34% |
| Mar 4, 2021 | $0.26 | 2.35% |
| Dec 3, 2020 | $0.26 | 3.02% |
| Sep 3, 2020 | $0.26 | 4.1% |
| Jun 4, 2020 | $0.26 | 4.48% |
| Mar 5, 2020 | $0.26 | 3.85% |
| Dec 5, 2019 | $0.26 | 3.14% |
| Sep 5, 2019 | $0.26 | 3.41% |
| Aug 29, 2019 | $0.26 | 2.67% |
| May 17, 2019 | $0.26 | 2.59% |
| Feb 28, 2019 | $0.22 | 2.18% |
| Dec 6, 2018 | $0.22 | 2.15% |
| Sep 6, 2018 | $0.22 | 1.67% |
| May 31, 2018 | $0.22 | 1.67% |
| Mar 1, 2018 | $0.18 | 1.74% |
| Nov 30, 2017 | $0.18 | 1.58% |
| Aug 30, 2017 | $0.18 | 1.69% |
| May 31, 2017 | $0.18 | 1.56% |
| Mar 1, 2017 | $0.15 | 1.43% |
| Nov 30, 2016 | $0.15 | 1.57% |
| Aug 31, 2016 | $0.14 | 1.84% |
| Jun 1, 2016 | $0.14 | 1.81% |
| Mar 2, 2016 | $0.11 | 1.93% |
| Dec 2, 2015 | $0.11 | 1.53% |
| Sep 2, 2015 | $0.11 | 1.46% |
| Jun 3, 2015 | $0.11 | 1.47% |
| Mar 5, 2015 | $0.08 | 1.41% |
First Merchants dividend payout ratio
Payout ratio
First Merchants's payout ratio of 45.7% is above the Financial Services sector and the industry average but below its peers average. But compared to its Financial Services sector average of 44%, First Merchants's payout ratio is only 3.9% higher.
Total amount of dividends paid per financial year (from cash flow)
FRME dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| THFF First Financial Corp | 3.68% | $1.8 | 48.8% |
| HBNC Horizon Bancorp Inc | 3.5% | $0.64 | 133.3% |
| FRME First Merchants Corp | 3.18% | $1.38 | 45.7% |
| ONB Old National Bancorp | 2.65% | $0.56 | 33.7% |
| LKFN Lakeland Financial Corp | 2.61% | $1.92 | 49.7% |
| GABC German American Bancorp Inc | 2.4% | $1.08 | 39.1% |
| SRCE 1St Source Corp | 2.15% | $1.4 | 26.7% |
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 was FRME's last dividend?
First Merchants's last regular dividend was on Sep 6, 2024 (ex-date) with the amount of $0.35 per share.
How much dividend does First Merchants pay (per share)?
FRME has paid dividend of $1.38 per share in the last year.
What is First Merchants's dividend yield?
Currently First Merchants's dividend yield is 3.18%.
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 45.7%.
Does First Merchants pay a good dividend?
First Merchants's dividend yield is more than the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.