First Merchants Corporation Depository Shares
FRMEPFirst Merchants Corporation Depository Shares (FRMEP) are preferred stock shares issued by First Merchants Corporation, a financial holding company providing banking, trust, and wealth management services primarily in Indiana and Illinois. These shares typically offer fixed dividends and have priority over common stock in dividend payments and during liquidation, serving as an investment option for income-focused investors.
Dividend History
Investors can expect a dividend payout of $0.47 per share, scheduled to be distributed in 27 days on August 14, 2026
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| August 14, 2026 | $0.47 | 2026-07-30 | 2026-07-30 |
| May 15, 2026 | $0.47 | 2026-04-30 | 2026-04-30 |
| February 16, 2026 | $0.47 | 2026-01-30 | 2026-01-30 |
| November 14, 2025 | $0.47 | 2025-10-31 | 2025-10-31 |
| August 15, 2025 | $0.47 | 2025-07-30 | 2025-07-30 |
Dividends Summary
- Consistent Payer: First Merchants Corporation Depository Shares has rewarded shareholders with 18 dividend payments over the past 4 years.
- Total Returned Value: Investors who held FRMEP shares during this period received a total of $8.44 per share in dividend income.
- Latest Payout: The most recent dividend of $0.47/share was paid 64 days ago, on May 15, 2026.
- Yield & Schedule: FRMEP currently pays dividends quarterly with an annual yield of 7.32%.
- Dividend Growth: Since 2022, the dividend payout has grown by 0.0%, from $0.47 to $0.47.
- Dividend Reliability: FRMEP has maintained or increased its dividend for 18 consecutive payments.
Company News
First Merchants Corporation will release its second quarter 2026 financial results on July 22, 2026, followed by an earnings conference call and webcast on July 23, 2026. The company will provide access via phone registration and webcast viewing.
First Merchants Corporation director Larry W Myers sold 20,000 shares worth approximately $835,000, marking his largest single sale in the past year. However, analysts view this as routine portfolio management rather than a negative signal, as Myers retains approximately 314,000 shares and the company continues to demonstrate strong operational p...
First Merchants Corporation (NASDAQ: FRME) declared a cash dividend of $0.37 per common share, payable on June 19, 2026 to shareholders of record as of June 5, 2026.
First Merchants Corporation declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A (FRMEP), with depositary shareholders receiving $0.4688 per share. The dividend is payable on May 15, 2026, to stockholders of record on April 30, 2026.
First Merchants Corporation (NASDAQ:FRME) has completed its merger with First Savings Financial Group, Inc. (NASDAQ:FSFG) effective February 1, 2026. The combined entity will have approximately $21.4 billion in assets and remain Indiana's second-largest financial holding company. Integration is expected to complete in Q2 2026, with the merged ban...
