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 3.83%.
First Merchants's dividend yield of 3.83% is higher than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 2.94%, First Merchants's dividend yield is 30% higher. Historically FRME's dividend yield has averaged at 3.5% in the last 5 years, which is less than the current one.
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 28% from a year ago, the dividend yield has a decrease of 18%.
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's payout ratio of 44.1% is above the Financial Services sector, the industry and its peers average. But compared to its Financial Services sector average of 42.9%, First Merchants's payout ratio is only 2.8% higher.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
HBNC Horizon Bancorp Inc | 4.38% | $0.64 | 148.8% |
THFF First Financial Corp | 4.31% | $1.8 | 41.7% |
FRME First Merchants Corp | 3.83% | $1.38 | 44.1% |
ONB Old National Bancorp | 3.07% | $0.56 | 32.7% |
GABC German American Bancorp Inc | 2.76% | $1.06 | 38.1% |
SRCE 1St Source Corp | 2.34% | $1.38 | 26.7% |
Yes, First Merchants has paid four dividends in the last twelve months. FRME has been paying dividends since 1994.
First Merchants's last regular dividend was on Sep 6, 2024 (ex-date) with the amount of $0.35 per share.
FRME has paid dividend of $1.38 per share in the last year.
Currently First Merchants's dividend yield is 3.83%.
First Merchants pays dividends quarterly.
First Merchants's dividend payout ratio is 44.1%.
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.