First Merchants Sets $0.4688 Dividend on FRMEP Preferred Depositary Shares
First Merchants Corporation declared a $0.4688 quarterly dividend on FRMEP depositary shares, payable November 16, 2026, with an October 30 record date.
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what happened
First Merchants Corporation has declared a quarterly cash dividend of $0.4688 per depositary share of FRMEP. The payment is scheduled for November 16, 2026, for holders listed on the register as of October 30, 2026.
The announcement was published by GlobeNewswire.
why it matters
For holders of the preferred shares, this looks like a routine payment in line with the stated 7.50% terms of the Series A non-cumulative issue. Record and payment dates matter for income-focused investors and can influence how the security trades around those dates. A change in dividend frequency or terms, or new commentary on capital and credit metrics, would be a more meaningful signal.
tags
instruments
sources
- First Merchants Corporation (FRME) Declares $0.4688 FRMEP Dividend — globenewswire.com, 15 October 2026 at 19:05 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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