First Merchants Raises Dividend by 2.8%

Dow Jones

May 20

By Kelly Cloonan

First Merchants raised its quarterly dividend by 2.8%, to 37 cents a share, from 36 cents a share.

The new payout, equal to $1.48 a year, represents an annual yield of about 3.7% based on Monday's closing price of $39.58.

The dividend is payable on June 19 to stockholders of record on June 5, the financial holding company said.

Write to Kelly Cloonan at kelly.cloonan@wsj.com

(END) Dow Jones Newswires

May 19, 2026 15:33 ET (19:33 GMT)

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