First Merchants Co. (NASDAQ:FRMEP – Get Free Report) shares crossed below its 50 day moving average during trading on Friday. The stock has a 50 day moving average of $25.20 and traded as low as $25.00. First Merchants shares last traded at $25.0250, with a volume of 2,952 shares.
First Merchants Stock Performance
The stock has a 50-day moving average price of $25.20 and a 200-day moving average price of $25.48.
First Merchants Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Monday, November 16th. Shareholders of record on Friday, October 30th will be given a dividend of $0.4688 per share. This represents a $1.88 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date of this dividend is Friday, October 30th.
First Merchants Company Profile
First Merchants Corporation is a bank holding company headquartered in Muncie, Indiana. Through its subsidiary, First Merchants Bank, it provides commercial and consumer banking services, including deposit accounts, lending, treasury management and mortgage banking. The company also offers wealth management and trust services, along with insurance and other financial solutions. Its banking operations primarily serve individuals, businesses and communities across Indiana and neighboring markets in Ohio, Michigan and Illinois.
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