First Merchants Corp (FRME) will raise its quarterly dividend by 10.3 percent to 32 cents per share in 2022. This follows a dividend hike of 11.5 percent to 29 cents per share in Q2 of 2021.
The dividend is payable on June 17, 2022, to shareholders of record as of June 3, 2022. For purposes of broker trading, the ex-date of the cash dividend is June 2, 2022.
First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation has one full-service bank charter, First Merchants Bank. The Bank also operates as First Merchants Private Wealth Advisors and Level One Bank (as divisions of First Merchants Bank).
2022