On October 15, 2025, First Merchants Corporation announced a quarterly cash dividend of $46.88 per share on its 7.50% Non‑Cumulative Perpetual Preferred Stock Series A. The dividend will be paid to holders of depositary shares (NASDAQ: FRMEP), each representing a 1/100th interest in a share of the preferred stock, at a rate of $0.4688 per depositary share.
The declaration marks the first dividend payment for FRME’s preferred stock and underscores the company’s commitment to returning value to preferred shareholders. The dividend is payable on November 14, 2025, to shareholders of record on October 31, 2025, and reflects FRME’s strong capital position and its strategy to maintain attractive yields for long‑term investors.
As a financing event, the preferred dividend will increase the company’s cash outflows for the quarter but is offset by the firm’s robust capital ratios and ongoing share repurchase program. The payment schedule aligns with FRME’s quarterly dividend cadence and provides a predictable income stream for preferred shareholders, reinforcing investor confidence in the company’s capital management.
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