The bank’s dividend rises 2.8% to $0.37, marking a forward yield of 3.74% for shareholders of record June 5.
First Merchants Corp increased its quarterly dividend by 2.8% to $0.37 per share, up from the prior $0.36. The move reflects the bank’s ongoing commitment to returning capital to shareholders amid stable financial performance.
The new dividend represents a forward yield of 3.74%, based on current share prices. The payout will be distributed on June 19 to shareholders of record as of June 5, with an ex-dividend date set for the same day.
The adjustment follows a consistent pattern of modest dividend growth, aligning with the bank’s long-term shareholder return strategy.