# First Merchants (FRME) — Dividends

FRME · NASDAQ · Stock

Canonical page: https://www.lighthorse.io/tickers/frme/dividends

## Dividend summary

| Metric | Value |
| --- | --- |
| Frequency | quarterly |
| Trailing 12 months | $1.46 |
| Forward yield | 3.70% |
| 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.

## Payment history

| Ex-date | Pay date | Amount per share |
| --- | --- | --- |
| Sep 4, 2026 | Sep 18, 2026 | $0.37 |
| Jun 5, 2026 | Jun 19, 2026 | $0.37 |
| Mar 6, 2026 | Mar 20, 2026 | $0.36 |
| Dec 5, 2025 | Dec 19, 2025 | $0.36 |
| Sep 5, 2025 | Sep 19, 2025 | $0.36 |
| Jun 6, 2025 | Jun 20, 2025 | $0.36 |
| Mar 7, 2025 | Mar 21, 2025 | $0.35 |
| Dec 6, 2024 | Dec 20, 2024 | $0.35 |
| Sep 6, 2024 | Sep 20, 2024 | $0.35 |
| Jun 7, 2024 | Jun 21, 2024 | $0.35 |
| Feb 29, 2024 | Mar 15, 2024 | $0.34 |
| Nov 30, 2023 | Dec 15, 2023 | $0.34 |
| Aug 31, 2023 | Sep 15, 2023 | $0.34 |
| Jun 1, 2023 | Jun 16, 2023 | $0.34 |
| Mar 2, 2023 | Mar 17, 2023 | $0.32 |
| Dec 1, 2022 | Dec 16, 2022 | $0.32 |
| Sep 1, 2022 | Sep 16, 2022 | $0.32 |
| Jun 2, 2022 | Jun 17, 2022 | $0.32 |
| Mar 3, 2022 | Mar 18, 2022 | $0.29 |
| 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 3.70% at the last price of $39.48. [Click here to learn more](https://www.lighthorse.io/instructions/learning/dividend-yield)

### 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](https://www.lighthorse.io/instructions/learning/ex-dividend-date)

### Has FRME been raising its dividend?

Yes — First Merchants has increased its dividend for 5 consecutive calendar years.

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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.

Data provided by [AInvest](https://www.ainvest.com).