First Merchants Corporation Announces Cash Dividend on Its Preferred Stock

manilatimes.net · 2026-10-15

MUNCIE, Ind., Oct. 15, 2026 (GLOBE NEWSWIRE) -- First Merchants Corporation has declared a quarterly cash dividend of $46.88 per share on its 7.50% Non-Cumulative Perpetual Preferred Stock Series A, represented by depositary shares (NASDAQ: FRMEP) each representing a 1/100th interest in a share of the Series A preferred stock. Holders of depositary shares will receive $0.4688 per depositary share. The dividend will be payable on November 16, 2026, to stockholders of record on October 30, 2026.

TickrTrends take: First Merchants Corporation announced a cash dividend on its preferred stock, which represents a commitment to returning capital to shareholders through its equity structure. For investors focused on valuation metrics, the dividend announcement warrants attention to how this capital allocation affects the company's balance sheet strength and return on equity calculations relative to TickrTrends' current undervalued assessment. The preferred dividend obligation should be monitored against the bank's earnings capacity and cash flow generation to determine whether the undervaluation thesis remains supported as the company executes this shareholder return program.

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