First Merchants Corporation Announces A 7% Increase In Cash Dividend

First Merchants Corporation (NASDAQ: FRME) declared a cash dividend on November 15, 2016 of $0.15 per share, a 7% increase over the prior quarter. The Board of Directors, after reviewing the financial results of the company's most recent quarter and year-to-date progress, determined the increase was warranted. The dividend is payable on December 16, 2016 to shareholders of record as of December 2, 2016. For purposes of broker trading, the ex-date of the cash dividend is November 30, 2016.

About First Merchants Corporation:

First Merchants Corporation is a financial holding company headquartered in Muncie, Indiana. The Corporation is comprised of First Merchants Bank, which also operates as Lafayette Bank & Trust, and First Merchants Private Wealth Advisors which operates as a division of First Merchants Bank.

First Merchants Corporation's common stock is traded on the NASDAQ Global Select Market System under the symbol FRME. Quotations are carried in daily newspapers and can be found on the company's Internet web page ( http://www.firstmerchants.com).

FIRST MERCHANTS and the Shield Logo are federally registered trademarks of First Merchants Corporation.

View source version on businesswire.com: http://www.businesswire.com/news/home/20161116005857/en/

Copyright Business Wire 2010

More from Press Releases

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

NFL Pushes for Regulation Following Supreme Court's Sports Gambling Ruling

21st Century Fox Scoops Up Local News Stations

21st Century Fox Scoops Up Local News Stations

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Walmart CEO: 'We Are Transforming Globally' With Flipkart

Three-Part FREE Webinar Series

Three-Part FREE Webinar Series

March 24 Full-Day Course Offering: Professional Approach to Trading SPX

March 24 Full-Day Course Offering: Professional Approach to Trading SPX