First Merchants (FRME) Dividend Yield, Date & History

$41.35

+0.92 (+2.28%)

(As of 07/26/2024 ET)

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Dividend Yield: 3.39%
Annual Dividend: $1.40
Dividend Increase Track Record: 13 Years
Annualized 3-Year Dividend Growth: 8.82%
Dividend Payout Ratio: 40.35%
Recent Dividend Payment: Jun. 21

FRME Dividend Payments

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FRME Dividend Yield Over Time

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First Merchants vs. The Competition

Type	First Merchants	Finance Companies	NASDAQ Companies
Annual Dividend	$1.40	$1.78	$1.24
Dividend Yield	3.39%	1,053.31%	395.87%
Annualized 3-Year Dividend Growth	8.82%	1,294.31%	1,417.88%
Track Record	13 years	16 years	16 years

First Merchants Dividend Payout Ratio

Type	Payout Ratio
Based on Trailing 12 Months of Earnings	40.35%
Based on This Year's Estimates	43.08%
Based on Next Year's Estimates	40.70%
Based on Cashflow	32.50%

First Merchants Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
5/7/2024	Quarterly	$0.35	3.91%	6/7/2024	6/7/2024	6/21/2024
2/6/2024	Quarterly	$0.34	4.05%	2/29/2024	3/1/2024	3/15/2024
11/9/2023	quarterly	$0.34	4.3%	11/30/2023	12/1/2023	12/15/2023
8/8/2023	Quarterly	$0.34	4.26%	8/31/2023	9/1/2023	9/15/2023
5/10/2023	Quarterly	$0.34	5.46%	6/1/2023	6/2/2023	6/16/2023
2/8/2023	Quarterly	$0.32	3.04%	3/2/2023	3/3/2023	3/17/2023
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11/8/2022	quarterly	$0.32	2.9%	12/1/2022	12/2/2022	12/16/2022
8/10/2022	Quarterly	$0.32	3.07%	9/1/2022	9/2/2022	9/16/2022
5/12/2022	quarterly	$0.32	3.3%	6/2/2022	6/3/2022	6/17/2022
2/10/2022	quarterly	$0.29	2.7%	3/3/2022	3/4/2022	3/18/2022
11/11/2021	quarterly	$0.29	2.7%	12/2/2021	12/3/2021	12/17/2021
8/10/2021	Quarterly	$0.29	2.67%	9/2/2021	9/3/2021	9/17/2021
5/12/2021	quarterly	$0.29	2.3%	6/3/2021	6/4/2021	6/18/2021
2/11/2021	quarterly	$0.26	2.5%	3/4/2021	3/5/2021	3/19/2021
11/9/2020	quarterly	$0.26	3.4%	12/3/2020	12/4/2020	12/18/2020
8/7/2020	quarterly	$0.26	4%	9/3/2020	9/4/2020	9/18/2020
5/13/2020	Quarterly	$0.26	4.5%	6/4/2020	6/5/2020	6/19/2020
2/5/2020	Quarterly	$0.26	2.51%	3/5/2020	3/6/2020	3/20/2020
11/7/2019	Quarterly	$0.26	2.54%	12/5/2019	12/6/2019	12/20/2019
8/8/2019	Quarterly	$0.26	2.79%	9/5/2019	9/6/2019	9/20/2019
5/10/2019	quarterly	$0.26	2.77%	5/17/2019	5/20/2019	6/21/2019
2/6/2019	quarterly	$0.22	2.33%	2/28/2019	3/1/2019	3/15/2019
11/8/2018	quarterly	$0.22	2.1%	12/6/2018	12/7/2018	12/21/2018
8/14/2018	Quarterly	$0.22	1.81%	9/6/2018	9/7/2018	9/21/2018
5/10/2018	Quarterly	$0.22	1.97%	5/31/2018	6/1/2018	6/15/2018
2/8/2018	Quarterly	$0.18	1.73%	3/1/2018	3/2/2018	3/16/2018
11/14/2017	quarterly	$0.18	1.77%	11/30/2017	12/1/2017	12/15/2017
8/14/2017	quarterly	$0.18	1.81%	8/30/2017	9/1/2017	9/15/2017
5/2/2017	quarterly	$0.18	1.73%	5/31/2017	6/2/2017	6/16/2017
2/13/2017	quarterly	$0.15	1.47%	3/1/2017	3/3/2017	3/17/2017
11/16/2016	Quarterly	$0.15	1.81%	11/30/2016	12/2/2016	12/16/2016
8/15/2016	quarterly	$0.14	2.07%	8/31/2016	9/2/2016	9/16/2016
5/3/2016	quarterly	$0.14	2.22%	6/1/2016	6/3/2016	6/17/2016
2/11/2016	quarterly	$0.11	2%	3/2/2016	3/4/2016	3/18/2016
11/19/2015	quarterly	$0.11	1.63%	12/2/2015	12/4/2015	12/18/2015
8/17/2015	quarterly	$0.11	1.67%	9/2/2015	9/4/2015	9/18/2015
5/5/2015	quarterly	$0.11	1.96%	6/3/2015	6/5/2015	6/19/2015
2/26/2015	quarterly	$0.08	1.42%	3/5/2015	3/9/2015	3/20/2015
11/14/2014	quarterly	$0.08	1.45%	12/3/2014	12/5/2014	12/19/2014
8/15/2014	quarterly	$0.08	1.59%	9/3/2014	9/5/2014	9/19/2014
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4/18/2014	quarterly	$0.08	1.49%	6/4/2014	6/6/2014	6/20/2014
2/14/2014	quarterly	$0.05	0.96%	3/5/2014	3/7/2014	3/21/2014
11/20/2013	quarterly	$0.05	0.99%	12/4/2013	12/6/2013	12/20/2013
8/22/2013	quarterly	$0.05	1.1%	9/4/2013	9/6/2013	9/20/2013
4/9/2013	quarterly	$0.05	1.33%	5/30/2013	6/3/2013	6/17/2013
3/5/2013	quarterly	$0.03		3/13/2013	3/15/2013	3/20/2013
3/4/2013	quarterly	$0.03	0.79%	2/28/2013	3/4/2013	3/18/2013

(Data available from 1/1/2013 forward)

First Merchants Dividend - Frequently Asked Questions

What is First Merchants's dividend yield?: The current dividend yield for First Merchants is 3.39%. Learn more on FRME's dividend yield history.
How much is First Merchants's annual dividend?: The annual dividend for FRME shares is $1.40. Learn more on FRME's annual dividend history.
How often does First Merchants pay dividends?: First Merchants pays quarterly dividends to shareholders.
When was First Merchants's most recent dividend payment?: First Merchants's most recent quarterly dividend payment of $0.35 per share was made to shareholders on Friday, June 21, 2024.
When was First Merchants's most recent ex-dividend date?: First Merchants's most recent ex-dividend date was Friday, June 7, 2024.
Is First Merchants's dividend growing?: Over the past three years, the company's dividend has grown by an average of 8.82% per year.
What track record does First Merchants have of raising its dividend?: First Merchants has increased its dividend for the past 13 consecutive years.
When did First Merchants last increase or decrease its dividend?: The most recent change in the company's dividend was an increase of $0.01 on Tuesday, May 7, 2024.
What is First Merchants's dividend payout ratio?: The dividend payout ratio for FRME is:
40.35% based on the trailing year of earnings

43.08% based on this year's estimates

40.70% based on next year's estimates

32.50% based on cash flow
Is First Merchants a good dividend stock?: First Merchants' dividend yield of 3.53% is lower than the average Finance company that issues a dividend. The company's 13 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. First Merchants' dividend payout ratio of 40.35% is at a healthy, sustainable level, below 75% of its earnings.