First Merchants Corporation Dividend
First Merchants Corporation Dividend history 25 years & estimates 2024 to 2026
Dividend Analysis of the First Merchants Corporation Stock
| Current dividend yield | 8.39 % |
| Dividendenrendite 5 Jahre | 7.91 % |
| Dividend Yield 10Y | 3.89 % |
| Payout 3Y | 1.81 % |
When does First Merchants Corporation pay a dividend?
The First Merchants Corporation stock dividend is paid 4 times a year. In order to receive a dividend, you should generally own the First Merchants Corporation stock before the ex-dividend date. The Dividend Calendar shows that the last ex-day dates were March, June, August and November . Dividends from First Merchants Corporation are distributed via March, June, September and December.
| Year | Dividend | Ex-day & Payday |
Frequency | |
|---|---|---|---|---|
| Fiscal Year | Dividend per Share | Ex-Day | Payday | Payment frequency |
| 2024 |
$0.35
$0.35
|
Sep 06 2024
Sep 06 2024
Sep 20 2024
Sep 06 24
Sep 20 24 |
Sep 20 2024 |
quarterly
quarterly
|
| 2024 |
$0.35
$0.35
|
Jun 07 2024
Jun 07 2024
Jun 21 2024
Jun 07 24
Jun 21 24 |
Jun 21 2024 |
quarterly
quarterly
|
| 2024 |
$0.34
$0.34
|
Feb 29 2024
Feb 29 2024
Mar 15 2024
Feb 29 24
Mar 15 24 |
Mar 15 2024 |
quarterly
quarterly
|
| 2023 |
$0.34
$0.34
|
Nov 30 2023
Nov 30 2023
Dec 15 2023
Nov 30 23
Dec 15 23 |
Dec 15 2023 |
quarterly
quarterly
|
| 2023 |
$0.34
$0.34
|
Aug 31 2023
Aug 31 2023
Sep 15 2023
Aug 31 23
Sep 15 23 |
Sep 15 2023 |
quarterly
quarterly
|
| 2023 |
$0.34
$0.34
|
Jun 01 2023
Jun 01 2023
Jun 16 2023
Jun 01 23
Jun 16 23 |
Jun 16 2023 |
quarterly
quarterly
|
| 2023 |
$0.32
$0.32
|
Mar 02 2023
Mar 02 2023
Mar 17 2023
Mar 02 23
Mar 17 23 |
Mar 17 2023 |
quarterly
quarterly
|
| 2022 |
$0.32
$0.32
|
Dec 01 2022
Dec 01 2022
Dec 16 2022
Dec 01 22
Dec 16 22 |
Dec 16 2022 |
quarterly
quarterly
|
| 2022 |
$0.32
$0.32
|
Sep 01 2022
Sep 01 2022
Sep 16 2022
Sep 01 22
Sep 16 22 |
Sep 16 2022 |
quarterly
quarterly
|
| 2022 |
$0.32
$0.32
|
Jun 02 2022
Jun 02 2022
Jun 17 2022
Jun 02 22
Jun 17 22 |
Jun 17 2022 |
quarterly
quarterly
|
How much dividend does First Merchants Corporation pay?
First Merchants Corporation most recently paid a dividend of $0.35. First Merchants Corporation paid a Dividend of $1.34 Per Share in the financial year 2023. With a stock price of $36.99 at Nov 01 2024, the current dividend yield is 3.62% (calculation: $1.34 / $36.99 = 3.62%). No special dividend was paid.
What is the First Merchants Corporation Dividend Yield and payout ratio?
The average First Merchants Corporation dividend yield over the last 5 years is 3.13% and the average over the last 10 years is 2.50%.
The payout ratio of First Merchants Corporation in relation to the last financial year is 35.92%. The payout ratio smoothed over 3 years is 32.78%. The calculation is based on the sum of all dividend payments divided by the cumulative earnings per share(EPS).
| Metric | First Merchants Corporation |
|---|---|
| Current dividend yield | 3.62% |
| Dividend Yield 5Y | 3.13% |
| Dividend Yield 10Y | 2.50% |
| Payout 1Y | 35.92% |
| Payout 3Y | 32.78% |
Is the First Merchants Corporation dividend safe? Continuity & Dividend Growth
Is the First Merchants Corporation dividend safe?
First Merchants Corporation has been paying a dividend for 25 years and has not lowered the dividend for 13 years (dividend continuity). As a result, the dividend was recently increased 12-times.
The Dividend Growth in relation to the previous financial year amounts to 7.20%. The average First Merchants Corporation Dividend Growth over the last 5 years is 9.79%. The average for the last 10 years is 22.23%.
| Metric | First Merchants Corporation |
|---|---|
| Increased | 12 Years |
| Continuity | 13 Years |
| Paid | 25 Years |
| Growth 1Y | 7.20% |
| Growth 5Y | 9.79% |
| Growth 10Y | 22.23% |
Continuity
First Merchants Corporation has been paying a dividend for 25 years and has not lowered the dividend for 13 years (dividend continuity). As a result, the dividend was recently increased 12-times.
Dividend Growth
The Dividend Growth in relation to the previous financial year amounts to 7.20%. The average First Merchants Corporation Dividend Growth over the last 5 years is 9.79%. The average for the last 10 years is 22.23%.
First Merchants Corporation Stock Forecast 2024
On the stock exchange, the First Merchants Corporation stock (ISIN: US3208171096) is traded at November 2024 as a Top Scorer according to the dividend strategy.
The stock price of First Merchants Corporation -0.24% has fallen since the beginning of the year 2024. However, the return generated in the past says nothing about the future return. You can find the First Merchants Corporation stock price in real time at the top of the page.
First Merchants Corporation (symbol: FRME) is valued at a Price / Earnings Ratio (P/E ratio) of 12.24 and a price/sales ratio (P/S ratio) of 2.05 valued. Based on analyst estimates, the First Merchants Corporation stock forecast 2024 of the current financial year corresponds to a valuation of 11.52 according to P/E ratio and 3.27 according to P/S.
| Metric | First Merchants Corporation |
|---|---|
| Dividend Score | ??/15 |
| Performance 2024 |
0.24%
|
| P/E TTM | 12.24 |
| P/S TTM | 2.05 |
| P/E forward | 11.52 |
| P/S forward | 3.27 |
First Merchants Corporation (symbol: FRME) is valued at a Price / Earnings Ratio (P/E ratio) of 12.24 and a price/sales ratio (P/S ratio) of 2.05 valued. Based on analyst estimates, the First Merchants Corporation stock forecast 2024 of the current financial year corresponds to a valuation of 11.52 according to P/E ratio and 3.27 according to P/S.
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