Shares of First Merchants Co. (NASDAQ:FRMEP – Get Free Report) were down 1.1% during trading on Monday . The stock traded as low as $25.28 and last traded at $25.56. Approximately 373 shares were traded during trading, a decline of 70% from the average daily volume of 1,245 shares. The stock had previously closed at $25.85.
First Merchants Trading Down 1.1 %
The company’s 50-day simple moving average is $25.56 and its two-hundred day simple moving average is $25.34.
First Merchants Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Thursday, October 31st were paid a dividend of $0.4688 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $1.88 dividend on an annualized basis and a yield of 7.34%.
About First Merchants
First Merchants Corporation operates as the financial holding company for First Merchants Bank that provides community banking services. The company offers a range of financial services, including time, savings, and demand deposits; and consumer, commercial, agri-business, public finance, and real estate mortgage loans.
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