First Merchants sets $46.88 quarterly preferred stock dividend

First Merchants Corporation has approved a quarterly cash payment of $46.88 per share for its 7.50% Non-Cumulative Perpetual Preferred Stock Series A. Investors hold this equity through depositary shares listed on the NASDAQ under the ticker FRMEP, where each share represents a one-hundredth interest in a preferred share. As a result, depositary share holders will receive $0.4688 per share.

The dividend is payable on November 16, 2026, to stockholders of record as of October 30, 2026. First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana, which operates one full-service bank charter through First Merchants Bank. The bank also operates as First Merchants Private Wealth Advisors, a division of First Merchants Bank.

The company’s common stock trades on the NASDAQ Global Select Market System under the symbol FRME. The depositary shares for the Series A preferred stock are also listed on the NASDAQ Global Select Market System under the symbol FRMEP. Quotations for these securities are carried in daily newspapers and available on the company’s website.