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FRME First Merchants Corp Dividend

First Merchants's latest quarterly cash dividend of $0.29 per share was issued to shareholders on record before Sep 2, 2021. The dividend distribution stands at $1.1 per share annually, which comes to a dividend yield of 2.76%.

FRME next dividend date: Dec 2, 2021

FRME
DPS
$1.1
Dividend yield
2.76%
Payout ratio
29.2%
Financial Services sector
Dividend yield
2.51%
Payout ratio
32.1%

Dividend yield

First Merchants's dividend yield of 2.76% is higher than the Financial Services sector, the industry and its peers average.

Dividend history

First Merchants has been paying dividends for the last 27 years. Our records show that FRME has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 6% since twelve months ago. However with the price of the stock up by 20% from a year ago, the dividend yield has a decrease of 12%.

Recent dividends

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

Dividend payouts

Payout ratio

First Merchants's payout ratio of 29.2% is above its peers average but below the Financial Services sector and the industry average.

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