$25.76 -0.05 (-0.20%)

First Merchants Corporation Depository Shares (FRMEP)

First 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 Yield 7.28%
Payout Frequency Quarterly

Dividend History

🎉 Upcoming Dividend

Investors can expect a dividend payout of $0.47 per share, scheduled to be distributed in 22 days on November 14, 2025

Pay DateAmountEx-DateRecord Date
November 14, 2025$0.472025-10-312025-10-31
August 15, 2025$0.472025-07-302025-07-30
May 15, 2025$0.472025-04-302025-04-30
February 15, 2025$0.472025-01-312025-01-31
November 15, 2024$0.472024-10-312024-10-31

Dividends Summary

Company News

First Merchants Corporation Announces Cash Dividend on Its Preferred Stock
Benzinga • Globe Newswire • October 15, 2025

First Merchants Corporation declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, payable on November 14, 2025, to stockholders of record on October 31, 2025.

First Merchants Corporation to Report Third Quarter 2025 Financial Results, Host Conference Call and Webcast
GlobeNewswire Inc. • Nicole M. Weaver • October 2, 2025

First Merchants Corporation will release its Q3 2025 financial results on October 22, 2025, and host an earnings conference call and webcast on October 23, 2025.

15 Upcoming Dividend Increases, Including 1 Dividend King
Seeking Alpha • Dividend Derek • May 26, 2023

Here are 15 stocks with at least 5 fiscal years of dividend growth history and come from the U.S. Dividend Champions List. Click here to learn more about them.