First Merchants Corporation Dividend

Q: What is the First Merchants Corporation Dividend Yield and payout ratio?

The average First Merchants Corporation dividend yield over the last 5 years is 3.42% and the average over the last 10 years is 2.88%. The payout ratio of First Merchants Corporation in relation to the last financial year is 36.86%. The payout ratio smoothed over 3 years is 37.75%. The calculation is based on the sum of all dividend payments divided by the cumulative earnings per share (EPS ).

Q: 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 15 years (dividend continuity). As a result, the dividend was recently increased 14 -times. The Dividend Growth in relation to the previous financial year amounts to 2.88% . The average First Merchants Corporation Dividend Growth over the last 5 years is 6.58% . The average for the last 10 years is 13.31% .

$40.37

0.84%

Nasdaq, Sep 28, 04:00 pm EDT.

ISIN

US3208171096

Symbol

FRME

Reports

Quarter | Annual

Index

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First Merchants Corporation Dividend history 25 years & estimates 2026 to 2027

Dividend Analysis of the First Merchants Corporation Stock

Current dividend yield	9.18 %
Dividendenrendite 5 Jahre	5.79 %
Dividend Yield 10Y	1.06 %
Payout 3Y	6.39 %

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, September and December . 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
2026	$0.37 $0.37	Sep 04 2026 Sep 04 2026 Sep 18 2026 Sep 04 26 Sep 18 26	Sep 18 2026	quarterly quarterly
2026	$0.37 $0.37	Jun 05 2026 Jun 05 2026 Jun 19 2026 Jun 05 26 Jun 19 26	Jun 19 2026	quarterly quarterly
2026	$0.36 $0.36	Mar 06 2026 Mar 06 2026 Mar 20 2026 Mar 06 26 Mar 20 26	Mar 20 2026	quarterly quarterly
2025	$0.36 $0.36	Dec 05 2025 Dec 05 2025 Dec 19 2025 Dec 05 25 Dec 19 25	Dec 19 2025	quarterly quarterly
2025	$0.36 $0.36	Sep 05 2025 Sep 05 2025 Sep 19 2025 Sep 05 25 Sep 19 25	Sep 19 2025	quarterly quarterly
2025	$0.36 $0.36	Jun 06 2025 Jun 06 2025 Jun 20 2025 Jun 06 25 Jun 20 25	Jun 20 2025	quarterly quarterly
2025	$0.35 $0.35	Mar 07 2025 Mar 07 2025 Mar 21 2025 Mar 07 25 Mar 21 25	Mar 21 2025	quarterly quarterly
2024	$0.35 $0.35	Dec 06 2024 Dec 06 2024 Dec 20 2024 Dec 06 24 Dec 20 24	Dec 20 2024	quarterly quarterly
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
2022	$0.29 $0.29	Mar 03 2022 Mar 03 2022 Mar 18 2022 Mar 03 22 Mar 18 22	Mar 18 2022	quarterly quarterly
2021	$0.29 $0.29	Dec 02 2021 Dec 02 2021 Dec 17 2021 Dec 02 21 Dec 17 21	Dec 17 2021	quarterly quarterly
2021	$0.29 $0.29	Sep 02 2021 Sep 02 2021 Sep 17 2021 Sep 02 21 Sep 17 21	Sep 17 2021	quarterly quarterly
2021	$0.29 $0.29	Jun 03 2021 Jun 03 2021 Jun 18 2021 Jun 03 21 Jun 18 21	Jun 18 2021	quarterly quarterly
2021	$0.26 $0.26	Mar 04 2021 Mar 04 2021 Mar 19 2021 Mar 04 21 Mar 19 21	Mar 19 2021	quarterly quarterly
2020	$0.26 $0.26	Dec 03 2020 Dec 03 2020 Dec 18 2020 Dec 03 20 Dec 18 20	Dec 18 2020	quarterly quarterly
2020	$0.26 $0.26	Sep 03 2020 Sep 03 2020 Sep 18 2020 Sep 03 20 Sep 18 20	Sep 18 2020	quarterly quarterly
2020	$0.26 $0.26	Jun 04 2020 Jun 04 2020 Jun 19 2020 Jun 04 20 Jun 19 20	Jun 19 2020	quarterly quarterly
2020	$0.26 $0.26	Mar 05 2020 Mar 05 2020 Mar 20 2020 Mar 05 20 Mar 20 20	Mar 20 2020	quarterly quarterly
2019	$0.26 $0.26	Dec 05 2019 Dec 05 2019 Dec 20 2019 Dec 05 19 Dec 20 19	Dec 20 2019	quarterly quarterly
2019	$0.26 $0.26	Aug 29 2019 Aug 29 2019 Sep 20 2019 Aug 29 19 Sep 20 19	Sep 20 2019	quarterly quarterly
2019	$0.26 $0.26	May 17 2019 May 17 2019 Jun 21 2019 May 17 19 Jun 21 19	Jun 21 2019	quarterly quarterly
2019	$0.22 $0.22	Feb 28 2019 Feb 28 2019 Mar 15 2019 Feb 28 19 Mar 15 19	Mar 15 2019	quarterly quarterly
2018	$0.22 $0.22	Dec 06 2018 Dec 06 2018 Dec 21 2018 Dec 06 18 Dec 21 18	Dec 21 2018	quarterly quarterly
2018	$0.22 $0.22	Sep 06 2018 Sep 06 2018 Sep 21 2018 Sep 06 18 Sep 21 18	Sep 21 2018	quarterly quarterly
2018	$0.22 $0.22	May 31 2018 May 31 2018 Jun 15 2018 May 31 18 Jun 15 18	Jun 15 2018	quarterly quarterly
2018	$0.18 $0.18	Mar 01 2018 Mar 01 2018 Mar 16 2018 Mar 01 18 Mar 16 18	Mar 16 2018	quarterly quarterly
2017	$0.18 $0.18	Nov 30 2017 Nov 30 2017 Dec 15 2017 Nov 30 17 Dec 15 17	Dec 15 2017	quarterly quarterly
2017	$0.18 $0.18	Aug 30 2017 Aug 30 2017 Sep 15 2017 Aug 30 17 Sep 15 17	Sep 15 2017	quarterly quarterly
2017	$0.18 $0.18	May 31 2017 May 31 2017 Jun 16 2017 May 31 17 Jun 16 17	Jun 16 2017	quarterly quarterly
2017	$0.15 $0.15	Mar 01 2017 Mar 01 2017 Mar 17 2017 Mar 01 17 Mar 17 17	Mar 17 2017	quarterly quarterly
2016	$0.15 $0.15	Nov 30 2016 Nov 30 2016 Dec 16 2016 Nov 30 16 Dec 16 16	Dec 16 2016	quarterly quarterly
2016	$0.14 $0.14	Aug 31 2016 Aug 31 2016 Sep 16 2016 Aug 31 16 Sep 16 16	Sep 16 2016	quarterly quarterly
2016	$0.14 $0.14	Jun 01 2016 Jun 01 2016 Jun 17 2016 Jun 01 16 Jun 17 16	Jun 17 2016	quarterly quarterly
2016	$0.11 $0.11	Mar 02 2016 Mar 02 2016 Mar 18 2016 Mar 02 16 Mar 18 16	Mar 18 2016	quarterly quarterly
2015	$0.11 $0.11	Dec 02 2015 Dec 02 2015 Dec 18 2015 Dec 02 15 Dec 18 15	Dec 18 2015	quarterly quarterly
2015	$0.11 $0.11	Sep 02 2015 Sep 02 2015 Sep 18 2015 Sep 02 15 Sep 18 15	Sep 18 2015	quarterly quarterly
2015	$0.11 $0.11	Jun 03 2015 Jun 03 2015 Jun 19 2015 Jun 03 15 Jun 19 15	Jun 19 2015	quarterly quarterly
2015	$0.08 $0.08	Mar 05 2015 Mar 05 2015 Mar 20 2015 Mar 05 15 Mar 20 15	Mar 20 2015	quarterly quarterly
2014	$0.08 $0.08	Dec 03 2014 Dec 03 2014 Dec 19 2014 Dec 03 14 Dec 19 14	Dec 19 2014	quarterly quarterly
2014	$0.08 $0.08	Sep 03 2014 Sep 03 2014 Sep 19 2014 Sep 03 14 Sep 19 14	Sep 19 2014	quarterly quarterly
2014	$0.08 $0.08	Jun 04 2014 Jun 04 2014 Jun 20 2014 Jun 04 14 Jun 20 14	Jun 20 2014	quarterly quarterly
2014	$0.05 $0.05	Mar 05 2014 Mar 05 2014 Mar 21 2014 Mar 05 14 Mar 21 14	Mar 21 2014	quarterly quarterly
2013	$0.05 $0.05	Dec 04 2013 Dec 04 2013 Dec 20 2013 Dec 04 13 Dec 20 13	Dec 20 2013	quarterly quarterly
2013	$0.05 $0.05	Sep 04 2013 Sep 04 2013 Sep 20 2013 Sep 04 13 Sep 20 13	Sep 20 2013	quarterly quarterly
2013	$0.05 $0.05	May 30 2013 May 30 2013 Jun 17 2013 May 30 13 Jun 17 13	Jun 17 2013	quarterly quarterly
2013	$0.03 $0.03	Mar 13 2013 Mar 13 2013 Mar 18 2013 Mar 13 13 Mar 18 13	Mar 18 2013	quarterly quarterly
2012	$0.03 $0.03	Nov 29 2012 Nov 29 2012 Dec 17 2012 Nov 29 12 Dec 17 12	Dec 17 2012	quarterly quarterly
2012	$0.03 $0.03	Aug 30 2012 Aug 30 2012 Sep 17 2012 Aug 30 12 Sep 17 12	Sep 17 2012	quarterly quarterly
2012	$0.03 $0.03	May 31 2012 May 31 2012 Jun 18 2012 May 31 12 Jun 18 12	Jun 18 2012	quarterly quarterly
2012	$0.01 $0.01	Mar 01 2012 Mar 01 2012 Mar 19 2012 Mar 01 12 Mar 19 12	Mar 19 2012	quarterly quarterly
2011	$0.01 $0.01	Dec 01 2011 Dec 01 2011 Dec 19 2011 Dec 01 11 Dec 19 11	Dec 19 2011	quarterly quarterly
2011	$0.01 $0.01	Aug 31 2011 Aug 31 2011 Sep 19 2011 Aug 31 11 Sep 19 11	Sep 19 2011	quarterly quarterly
2011	$0.01 $0.01	Jun 02 2011 Jun 02 2011 Jun 20 2011 Jun 02 11 Jun 20 11	Jun 20 2011	quarterly quarterly
2011	$0.01 $0.01	Mar 03 2011 Mar 03 2011 Mar 21 2011 Mar 03 11 Mar 21 11	Mar 21 2011	quarterly quarterly
2010	$0.01 $0.01	Dec 02 2010 Dec 02 2010 Dec 20 2010 Dec 02 10 Dec 20 10	Dec 20 2010	quarterly quarterly
2010	$0.01 $0.01	Sep 01 2010 Sep 01 2010 Sep 20 2010 Sep 01 10 Sep 20 10	Sep 20 2010	quarterly quarterly
2010	$0.01 $0.01	Jun 03 2010 Jun 03 2010 Jun 21 2010 Jun 03 10 Jun 21 10	Jun 21 2010	quarterly quarterly
2010	$0.01 $0.01	Mar 03 2010 Mar 03 2010 Mar 19 2010 Mar 03 10 Mar 19 10	Mar 19 2010	quarterly quarterly
2009	$0.08 $0.08	Dec 02 2009 Dec 02 2009 Dec 18 2009 Dec 02 09 Dec 18 09	Dec 18 2009	quarterly quarterly
2009	$0.08 $0.08	Sep 02 2009 Sep 02 2009 Sep 18 2009 Sep 02 09 Sep 18 09	Sep 18 2009	quarterly quarterly
2009	$0.08 $0.08	Jun 03 2009 Jun 03 2009 Jun 19 2009 Jun 03 09 Jun 19 09	Jun 19 2009	quarterly quarterly
2009	$0.23 $0.23	Mar 04 2009 Mar 04 2009 Mar 20 2009 Mar 04 09 Mar 20 09	Mar 20 2009	quarterly quarterly
2008	$0.23 $0.23	Dec 03 2008 Dec 03 2008 Dec 19 2008 Dec 03 08 Dec 19 08	Dec 19 2008	quarterly quarterly
2008	$0.23 $0.23	Sep 03 2008 Sep 03 2008 Sep 19 2008 Sep 03 08 Sep 19 08	Sep 19 2008	quarterly quarterly
2008	$0.23 $0.23	Jun 04 2008 Jun 04 2008 Jun 20 2008 Jun 04 08 Jun 20 08	Jun 20 2008	quarterly quarterly
2008	$0.23 $0.23	Mar 04 2008 Mar 04 2008 Mar 20 2008 Mar 04 08 Mar 20 08	Mar 20 2008	quarterly quarterly
2007	$0.23 $0.23	Dec 04 2007 Dec 04 2007 Dec 20 2007 Dec 04 07 Dec 20 07	Dec 20 2007	quarterly quarterly
2007	$0.23 $0.23	Sep 04 2007 Sep 04 2007 Sep 20 2007 Sep 04 07 Sep 20 07	Sep 20 2007	quarterly quarterly
2007	$0.23 $0.23	Jun 04 2007 Jun 04 2007 Jun 20 2007 Jun 04 07 Jun 20 07	Jun 20 2007	quarterly quarterly
2007	$0.23 $0.23	Mar 02 2007 Mar 02 2007 Mar 20 2007 Mar 02 07 Mar 20 07	Mar 20 2007	quarterly quarterly
2006	$0.23 $0.23	Dec 04 2006 Dec 04 2006 Dec 20 2006 Dec 04 06 Dec 20 06	Dec 20 2006	quarterly quarterly
2006	$0.23 $0.23	Sep 01 2006 Sep 01 2006 Sep 20 2006 Sep 01 06 Sep 20 06	Sep 20 2006	quarterly quarterly
2006	$0.23 $0.23	Jun 01 2006 Jun 01 2006 Jun 19 2006 Jun 01 06 Jun 19 06	Jun 19 2006	quarterly quarterly
2006	$0.23 $0.23	Mar 02 2006 Mar 02 2006 Mar 20 2006 Mar 02 06 Mar 20 06	Mar 20 2006	quarterly quarterly
2005	$0.23 $0.23	Dec 02 2005 Dec 02 2005 Dec 20 2005 Dec 02 05 Dec 20 05	Dec 20 2005	quarterly quarterly
2005	$0.23 $0.23	Sep 01 2005 Sep 01 2005 Sep 20 2005 Sep 01 05 Sep 20 05	Sep 20 2005	quarterly quarterly
2005	$0.23 $0.23	Jun 02 2005 Jun 02 2005 Jun 20 2005 Jun 02 05 Jun 20 05	Jun 20 2005	quarterly quarterly
2005	$0.23 $0.23	Mar 03 2005 Mar 03 2005 Mar 21 2005 Mar 03 05 Mar 21 05	Mar 21 2005	quarterly quarterly
2004	$0.23 $0.23	Dec 02 2004 Dec 02 2004 Dec 20 2004 Dec 02 04 Dec 20 04	Dec 20 2004	quarterly quarterly
2004	$0.23 $0.23	Sep 01 2004 Sep 01 2004 Sep 20 2004 Sep 01 04 Sep 20 04	Sep 20 2004	quarterly quarterly
2004	$0.23 $0.23	Jun 02 2004 Jun 02 2004 Jun 18 2004 Jun 02 04 Jun 18 04	Jun 18 2004	quarterly quarterly
2004	$0.23 $0.23	Mar 03 2004 Mar 03 2004 Mar 19 2004 Mar 03 04 Mar 19 04	Mar 19 2004	quarterly quarterly
2003	$0.23 $0.23	Dec 03 2003 Dec 03 2003 Dec 19 2003 Dec 03 03 Dec 19 03	Dec 19 2003	quarterly quarterly
2003	$0.23 $0.23	Sep 03 2003 Sep 03 2003 Sep 19 2003 Sep 03 03 Sep 19 03	Sep 19 2003	quarterly quarterly
2003	$0.219 $0.22	Jun 04 2003 Jun 04 2003 Jun 20 2003 Jun 04 03 Jun 20 03	Jun 20 2003	quarterly quarterly
2003	$0.219 $0.22	Mar 04 2003 Mar 04 2003 Mar 20 2003 Mar 04 03 Mar 20 03	Mar 20 2003	quarterly quarterly
2002	$0.219 $0.22	Dec 04 2002 Dec 04 2002 Dec 20 2002 Dec 04 02 Dec 20 02	Dec 20 2002	quarterly quarterly
2002	$0.219 $0.22	Sep 04 2002 Sep 04 2002 Sep 20 2002 Sep 04 02 Sep 20 02	Sep 20 2002	quarterly quarterly
2002	$0.2086 $0.21	Jun 06 2002 Jun 06 2002 Jun 20 2002 Jun 06 02 Jun 20 02	Jun 20 2002	quarterly quarterly
2002	$0.2086 $0.21	Mar 05 2002 Mar 05 2002 Mar 20 2002 Mar 05 02 Mar 20 02	Mar 20 2002	quarterly quarterly
2001	$0.2086 $0.21	Dec 04 2001 Dec 04 2001 Dec 20 2001 Dec 04 01 Dec 20 01	Dec 20 2001	quarterly quarterly
2001	$0.2086 $0.21	Sep 06 2001 Sep 06 2001 Sep 24 2001 Sep 06 01 Sep 24 01	Sep 24 2001	quarterly quarterly
2001	$0.1987 $0.2	Jun 04 2001 Jun 04 2001 Jun 21 2001 Jun 04 01 Jun 21 01	Jun 21 2001	quarterly quarterly
2001	$0.1987 $0.2	Mar 02 2001 Mar 02 2001 Mar 20 2001 Mar 02 01 Mar 20 01	Mar 20 2001	quarterly quarterly

How much dividend does First Merchants Corporation pay?

First Merchants Corporation most recently paid a dividend of $0.37. First Merchants Corporation paid a Dividend of $1.43 Per Share in the financial year 2025. With a stock price of $40.37 at Sep 28 2026, the current dividend yield is 3.54% (calculation: $1.43 / $40.37 = 3.54%). No special dividend was paid.

Use the StocksGuide screener to find the stocks with the highest dividend yields. Here you will find, for example, the 100 largest dividend stocks in the world:

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What is the First Merchants Corporation Dividend Yield and payout ratio?

The average First Merchants Corporation dividend yield over the last 5 years is 3.42% and the average over the last 10 years is 2.88%.

The payout ratio of First Merchants Corporation in relation to the last financial year is 36.86%. The payout ratio smoothed over 3 years is 37.75%. 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	3.54%
Dividend Yield 5Y	3.42%
Dividend Yield 10Y	2.88%
Payout 1Y	36.86%
Payout 3Y	37.75%

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 15 years (dividend continuity). As a result, the dividend was recently increased 14-times.

The Dividend Growth in relation to the previous financial year amounts to 2.88%. The average First Merchants Corporation Dividend Growth over the last 5 years is 6.58%. The average for the last 10 years is 13.31%.

Metric	First Merchants Corporation
Increased	14 Years
Continuity	15 Years
Paid	25 Years
Growth 1Y	2.88%
Growth 5Y	6.58%
Growth 10Y	13.31%

Continuity

Dividend Growth

With the Stock Screener, you can search for the best Dividend Aristocrats in indices such as the DAX or NASDAQ.

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First Merchants Corporation Stock Forecast 2026

On the stock exchange, the First Merchants Corporation stock (ISIN: US3208171096) is traded at September 2026 as a Top Scorer according to the dividend strategy.

The stock price of First Merchants Corporation 7.71% has risen since the beginning of the year 2026. 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 13.73 and a price/sales ratio (P/S ratio) of 3.67 valued. Based on analyst estimates, the First Merchants Corporation stock forecast 2026 of the current financial year corresponds to a valuation of 10.26 according to P/E ratio and 3.08 according to P/S.

Metric	First Merchants Corporation
Dividend Score	??/15
Performance 2026	7.71%
P/E TTM	13.73
P/S TTM	3.67
P/E forward	10.26
P/S forward	3.08

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