First Merchants Co. (NASDAQ:FRMEP – Get Free Report)’s share price dropped 1.1% on Monday . The company traded as low as $25.28 and last traded at $25.56. Approximately 373 shares traded hands during trading, a decline of 70% from the average daily volume of 1,245 shares. The stock had previously closed at $25.85.
First Merchants Trading Down 1.0 %
The company’s 50-day moving average is $25.55 and its 200-day moving average is $25.34.
First Merchants Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were issued a $0.4688 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 7.41%. The ex-dividend date was Thursday, October 31st.
About First Merchants
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans.
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