First Merchants (FRME) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $1.46
- Forward yield
- 3.76%
- Payout ratio
- 46.8%
- Growth streak
- 5 years
First Merchants pays a quarterly dividend of $0.37 per share. Its most recent payment had an ex-date of September 4, 2026 and was paid on September 18, 2026. Over the trailing twelve months, it paid $1.46 per share, a yield of about 3.68% at a share price of $39.64.
The record shows a steady annual rhythm. First Merchants has raised its dividend once a year, each time with the payment that goes ex-dividend in early June. The rate went from $0.29 to $0.32 in 2022, then to $0.34 in 2023, $0.35 in 2024, $0.36 in 2025 and $0.37 in 2026. The raises were three cents and two cents in the first two years, then one cent each year since, or roughly 2.8% to 10.3%. Since late 2021, the quarterly rate has grown about 28%. Payments by calendar year rose from $1.25 in 2022 to $1.43 in 2025. The company has now increased its dividend for five consecutive calendar years.
If the pattern holds, the next payment would go ex-dividend in early December 2026 and be paid in mid to late December. Past raises have come with the June payment, not the December one.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Aug 14, 2026 | Sep 4, 2026 | Sep 18, 2026 | $0.37 |
| May 19, 2026 | Jun 5, 2026 | Jun 19, 2026 | $0.37 |
| Feb 9, 2026 | Mar 6, 2026 | Mar 20, 2026 | $0.36 |
| Nov 14, 2025 | Dec 5, 2025 | Dec 19, 2025 | $0.36 |
| Aug 15, 2025 | Sep 5, 2025 | Sep 19, 2025 | $0.36 |
| May 16, 2025 | Jun 6, 2025 | Jun 20, 2025 | $0.36 |
| Feb 7, 2025 | Mar 7, 2025 | Mar 21, 2025 | $0.35 |
| Nov 13, 2024 | Dec 6, 2024 | Dec 20, 2024 | $0.35 |
| Aug 19, 2024 | Sep 6, 2024 | Sep 20, 2024 | $0.35 |
| May 8, 2024 | Jun 7, 2024 | Jun 21, 2024 | $0.35 |
| Feb 7, 2024 | Feb 29, 2024 | Mar 15, 2024 | $0.34 |
| Nov 13, 2023 | Nov 30, 2023 | Dec 15, 2023 | $0.34 |
| Aug 9, 2023 | Aug 31, 2023 | Sep 15, 2023 | $0.34 |
| May 10, 2023 | Jun 1, 2023 | Jun 16, 2023 | $0.34 |
| Feb 8, 2023 | Mar 2, 2023 | Mar 17, 2023 | $0.32 |
| Nov 9, 2022 | Dec 1, 2022 | Dec 16, 2022 | $0.32 |
| Aug 10, 2022 | Sep 1, 2022 | Sep 16, 2022 | $0.32 |
| May 10, 2022 | Jun 2, 2022 | Jun 17, 2022 | $0.32 |
| Feb 9, 2022 | Mar 3, 2022 | Mar 18, 2022 | $0.29 |
| Nov 10, 2021 | Dec 2, 2021 | Dec 17, 2021 | $0.29 |
Frequently asked questions
Does First Merchants (FRME) pay a dividend?
Yes. First Merchants pays a quarterly dividend; the most recent payment was $0.37 per share.
What is FRME's dividend yield?
First Merchants paid $1.46 per share over the trailing twelve months, a yield of 3.76% at the last price of $38.78. Click here to learn more
When is FRME's most recent ex-dividend date?
First Merchants's most recent ex-dividend date is Sep 4, 2026, payable on Sep 18, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Has FRME been raising its dividend?
Yes — First Merchants has increased its dividend for 5 consecutive calendar years.
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.