NEW YORK (
) -- The ex-dividend date for
) is tomorrow, May 31, 2012. Owners of shares as of market close today will be eligible for a dividend of 3 cents per share. At a price of $11.87 as of 9:30 a.m. ET, the dividend yield is 1%.
The average volume for First Merchants has been 115,800 shares per day over the past 30 days. First Merchants has a market cap of $337.5 million and is part of the
industry. Shares are up 41.3% year to date as of the close of trading on Tuesday.
First Merchants Corporation, a financial holding company, provides financial and banking products and services. Its deposit products include demand deposits, savings deposits, and certificates and other time deposits. The company has a P/E ratio of 18.7, equal to the average banking industry P/E ratio and above the S&P 500 P/E ratio of 17.7.
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TheStreet Ratings rates First Merchants as a
. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, expanding profit margins, solid stock price performance, growth in earnings per share and notable return on equity. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full