First Merchants Corp (FRMEP) dividend history
FRMEPNasdaqNational Commercial BanksFiscal year ends December 31Also trades as FRME
Financials through Q3 FY2026, quarter ended Sep 30, 2026Last filing: 10-Q on Oct 30, 2026Score 11/303% below fair value
$25.17+0.00 (0.00%)
Close on Oct 30, 2026Market cap $1.58BP/E 7.8Yield 5.68%
Dividends
Dividend declared per share by fiscal year, adjusted for stock splits
Per share, FY2025
$1.43
+2.9% on the prior year
Consecutive increases
14 years
Every year since FY2011
Dividend yield
5.68%
Latest annual dividend ÷ share price
Payout ratio, FY2025
36.7%
Dividends paid ÷ net income
Dividend payments
Every dividend First Merchants has paid, newest first. Shares held at the close of the last day with dividend receive it; shares bought on the ex-dividend date or later do not.
| Ex-dividend | Last day to buy | Record | Payable | Declared | Per share | Source |
|---|---|---|---|---|---|---|
| Oct 30, 2026Upcoming | Oct 29, 2026 | Oct 30, 2026 | Nov 16, 2026 | Oct 15, 2026 | $0.4688 | – |
| Jul 30, 2026 | Jul 29, 2026 | Jul 30, 2026 | Aug 14, 2026 | Jul 13, 2026 | $0.4688 | 10-Q |
| Apr 30, 2026 | Apr 29, 2026 | Apr 30, 2026 | May 15, 2026 | Apr 16, 2026 | $0.4688 | 10-Q |
| Jan 30, 2026 | Jan 29, 2026 | Jan 30, 2026 | Feb 16, 2026 | Jan 12, 2026 | $0.4688 | 10-Q |
| Oct 31, 2025 | Oct 30, 2025 | Oct 31, 2025 | Nov 14, 2025 | Oct 15, 2025 | $0.4688 | 10-K |
| Jul 30, 2025 | Jul 29, 2025 | Jul 30, 2025 | Aug 15, 2025 | Jul 15, 2025 | $0.4688 | 10-Q |
| Apr 30, 2025 | Apr 29, 2025 | Apr 30, 2025 | May 15, 2025 | Apr 14, 2025 | $0.4688 | 10-Q |
| Jan 31, 2025 | Jan 30, 2025 | Jan 31, 2025 | Feb 15, 2025 | Jan 15, 2025 | $0.4688 | 10-Q |
| Oct 31, 2024 | Oct 30, 2024 | Oct 31, 2024 | Nov 15, 2024 | Oct 15, 2024 | $0.4688 | 10-K |
| Jul 30, 2024 | Jul 29, 2024 | Jul 30, 2024 | Aug 15, 2024 | Jul 15, 2024 | $0.4688 | 10-Q |
| Apr 29, 2024 | Apr 26, 2024 | Apr 30, 2024 | May 15, 2024 | Apr 15, 2024 | $0.4688 | 10-Q |
| Jan 30, 2024 | Jan 29, 2024 | Jan 31, 2024 | Feb 15, 2024 | Jan 18, 2024 | $0.4688 | 10-Q |
| Oct 30, 2023 | Oct 27, 2023 | Oct 31, 2023 | Nov 15, 2023 | Oct 19, 2023 | $0.4688 | 10-K |
| Jul 28, 2023 | Jul 27, 2023 | Jul 31, 2023 | Aug 15, 2023 | Jul 20, 2023 | $0.4688 | 10-Q |
| Apr 27, 2023 | Apr 26, 2023 | Apr 30, 2023 | May 15, 2023 | Apr 20, 2023 | $0.4688 | 10-Q |
| Jan 30, 2023 | Jan 27, 2023 | Jan 31, 2023 | Feb 15, 2023 | Jan 20, 2023 | $0.4688 | 10-Q |
| Oct 28, 2022 | Oct 27, 2022 | Oct 31, 2022 | Nov 15, 2022 | Oct 20, 2022 | $0.4688 | 10-K |
| Jul 28, 2022 | Jul 27, 2022 | Jul 31, 2022 | Aug 15, 2022 | Jul 20, 2022 | $0.4688 | 10-Q |
| Apr 28, 2022 | Apr 27, 2022 | Apr 30, 2022 | May 15, 2022 | Apr 20, 2022 | $0.4688 | 10-Q |
| Jan 28, 2022 | Jan 27, 2022 | – | – | – | $0.469 | 10-Q |
| Oct 28, 2021 | Oct 27, 2021 | – | – | – | $0.469 | 10-K |
| Jul 29, 2021 | Jul 28, 2021 | – | – | – | $0.469 | 10-Q |
| Apr 29, 2021 | Apr 28, 2021 | – | – | – | $0.469 | 10-Q |
| Jan 28, 2021 | Jan 27, 2021 | – | – | – | $0.469 | 10-Q |
| Oct 29, 2020 | Oct 28, 2020 | – | – | – | $0.479 | 10-K |
Per share as declared at the time. Source document: the dividend announcement filed with the SEC (press release or 8-K) where one exists, otherwise the quarterly or annual report covering the declaration.
By fiscal year
Dividend per share, cash paid and payout ratio from annual filings
| Fiscal year | Per share | Change | Cash paid | Payout ratio |
|---|---|---|---|---|
| FY2025 | $1.43 | +2.9% | $82.91M | 36.7% |
| FY2024 | $1.39 | +3.7% | $81.62M | 40.5% |
| FY2023 | $1.34 | +7.2% | $80.06M | 35.8% |
| FY2022 | $1.25 | +10.6% | $72.75M | 32.8% |
| FY2021 | $1.13 | +8.7% | $61.23M | 29.8% |
| FY2020 | $1.04 | +4.0% | $56.54M | 38.0% |
| FY2019 | $1.00 | +19.0% | $51.28M | 31.2% |
| FY2018 | $0.84 | +21.7% | $41.66M | 26.2% |
| FY2017 | $0.69 | +27.8% | $31.82M | 33.1% |
| FY2016 | $0.54 | +31.7% | $22.20M | 27.4% |
| FY2015 | $0.41 | +41.4% | $15.65M | 23.9% |
| FY2014 | $0.29 | +61.1% | $10.69M | 17.8% |
| FY2013 | $0.18 | +80.0% | $5.61M | 12.6% |
| FY2012 | $0.10 | +150.0% | $2.90M | 6.4% |
| FY2011 | $0.04 | 0.0% | $1.07M | 4.2% |