First Merchants Corporation (FRME) will raise its quarterly dividend from $0.08 to $0.11 per share.
The new dividend is payable on June 9, 2015 to shareholders of record on May 6, 2016.
First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation is comprised of First Merchants Bank, which also operates as Lafayette Bank & Trust, and First Merchants Private Wealth Advisors which operates as a division of First Merchants Bank.