First Merchants Stock

First Merchants Dividend

The Dividend of First Merchants (FRME) as of Jul 27, 2026 is 1.43 USD. In the previous year, Dividend was 1.39 USD — a change of 2.88% (higher).

Dividend

1.43USD

YoY

2.88%

Dividend yield

3.41 %

Last updated:

How much dividend does First Merchants 2026 pay?

According to the latest status from July 2026, First Merchants paid a total of 1.43 USD per share in dividends within the last 12 months. With the current First Merchants price of 41.89 USD, this corresponds to a dividend yield of 3.41 %. A dividend is paid times per year.

At today's price the dividend yield works out to roughly 3.41%. The payout ratio is around 36% of earnings. The dividend has grown at 2.3% per year over the past 19 years.

Historical First Merchants Dividends

A dividend is paid times per year. Last year, the payout months were January, April, July and October.

PaydateDividend
7/5/20260.37USD
4/6/20260.36USD
1/5/20260.36USD
10/5/20250.36USD
7/6/20250.36USD
4/7/20250.35USD
1/6/20250.35USD
10/6/20240.35USD
7/7/20240.35USD
3/29/20240.34USD
12/30/20230.34USD
10/1/20230.34USD
7/1/20230.34USD
4/2/20230.32USD
1/1/20230.32USD
10/1/20220.32USD
7/2/20220.32USD
4/3/20220.29USD
1/2/20220.29USD
10/2/20210.29USD
...

First Merchants dividend history and estimates

In 2025, First Merchants paid a dividend amounting to 1.43 USD. Dividend means that First Merchants distributes a portion of its profits to its owners.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Dividend
Dividend (Estimate)
Details
Date
Dividend
Dividend (Estimate)
Jan 1, 2020
1.04 USD
0.00 USD
Jan 1, 2021
1.13 USD
0.00 USD
Jan 1, 2022
1.25 USD
0.00 USD
Jan 1, 2023
1.34 USD
0.00 USD
Jan 1, 2024
1.39 USD
0.00 USD
Jan 1, 2025
1.43 USD
0.00 USD
Jan 1, 2026 (e)
0.73 USD
0.73 USD
Jan 1, 2027 (e)
0.00 USD
1.56 USD

Is the First Merchants Dividend Safe?

First Merchants has been increasing the dividend for 14 years.

Over the past 10 years, First Merchants has increased it by an annual 13.31%.

Over a five-year period, the distribution rose by 6.58%.

Analysts expect a Dividend Increase of 1.04% for the current fiscal year.

First Merchants dividend payout ratio

In 2025, First Merchants had a payout ratio of 36.35%. The payout ratio indicates the percentage of the company's profits that First Merchants distributes as dividends.

  • 3 Years

  • 5 Years

  • 10 Years

  • 25 Years

  • Max

Payout ratio
Details
Date
Payout ratio
Jan 1, 2020
38.06 %
Jan 1, 2021
29.50 %
Jan 1, 2022
33.42 %
Jan 1, 2023
35.66 %
Jan 1, 2024
40.20 %
Jan 1, 2025
36.35 %
Jan 1, 2026 (e)
34.27 %
Jan 1, 2027 (e)
33.78 %

Dividend Details

Understanding First Merchants's Dividend Distributions

First Merchants’s dividends are a portion of the company’s profits distributed to shareholders. It is a critical indicator of the company’s financial health and attractiveness to investors. Dividends provide investors with a steady income stream, in addition to any profits that may come from selling the stock at a higher price than the purchase price.

Year-to-Year Comparison

Examining First Merchants's dividend distributions over the years can highlight the company’s profitability and stability. A consistent or increasing dividend payout can indicate a financially healthy company with predictable earnings, while fluctuations or reductions in dividends can suggest underlying financial or operational challenges.

Impact on Investments

First Merchants's dividend payments are an essential factor for income-focused investors. A robust dividend payout can enhance the stock’s appeal, offering regular income in addition to potential capital gains. It also can indicate the company's confidence in its future earnings, making it a significant consideration in investment decisions.

Interpreting Dividend Fluctuations

Changes in First Merchants’s dividends can result from shifts in the company’s earnings, financial policies, or reinvestment strategies. An increase in dividends often signals financial stability, while a decrease may indicate a need to conserve cash or reinvest profits to fuel growth, each scenario having different implications for investors.

First Merchants Stock analysis

What does First Merchants do? First Merchants Corp is one of the largest independent banks in Indiana, USA. The bank was founded in 1982 and has since become a leading financial institution with a strong presence in the region. The company is listed on the NASDAQ stock exchange under the symbol FRME. First Merchants Corp's business model is based on providing top-notch financial services to customers in Indiana and other parts of the country. The bank offers a wide range of products and services for individuals, businesses, and institutions. These include savings accounts, credit cards, loans, leasing, online and mobile banking, and wealth management. First Merchants Corp also operates a number of subsidiaries and business segments that offer specialized products and services. This includes the First Merchants Insurance Group, which provides insurance for private and business customers. The First Merchants Wealth Management Group offers investment and wealth management services to clients. The bank also operates a subsidiary called First Merchants Investment Services, which provides securities services to individual customers and business. In addition, First Merchants Trust Company operates an asset management service that focuses on testamentary assets and trust accounts. First Merchants Corp's product range includes a wide range of financial services for a variety of customers. For retail customers, the company offers checking and savings accounts, credit cards, mortgage loans, auto loans, and personal loans. For business customers, loans are available to support equipment, real estate, and working capital, as well as cash management and credit card services. As part of its efforts to provide its customers with the best financial products and services, First Merchants Corp has significantly improved its online and mobile banking. Customers can conduct banking transactions from anywhere by simply downloading an app or visiting the website. In recent years, the bank has expanded its presence in Indiana through a series of acquisitions. The acquisition of Old National Bancorp in 2021 has made First Merchants Corp the largest bank in the region. The company has also acquired a number of smaller banks to further strengthen its position in the market. Overall, First Merchants Corp has a long history as a reliable and trustworthy financial services provider in Indiana. With its wide range of products, strong business model, and dedicated customer service, the company is well positioned to grow and continue to be successful in the future. First Merchants is one of the most popular companies on Eulerpool.

Frequently Asked Questions about First Merchants stock

Over the past 12 months, First Merchants paid a dividend of 1.43 USD . This corresponds to a dividend yield of about 3.41 %. For the coming 12 months, First Merchants is expected to pay a dividend of 1.56 USD.

Dividend calendar 2026
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