First Merchants dividend – First Merchants Corp Declares 0.32 Cash Dividend

Dividends Yield

On March 1 2023, First Merchants ($NASDAQ:FRME) Corp declared a cash dividend of 0.32 per share. This dividend is part of the company’s annual dividend, which has been 1.25 USD per share from 2019 to 2021, yielding an average of 2.96%. The ex-dividend date for the upcoming dividend is March 2 2023. If you are looking for dividend stocks, FIRST MERCHANTS is definitely one to consider. With a good dividend yield, they provide an excellent opportunity for investors who are looking to generate additional income through dividends.

Additionally, their dividend per share and yield have remained consistent over the last couple of years, indicating that the company has a solid track record of paying dividends. Overall, FIRST MERCHANTS Corp has a strong dividend track record and is a wise choice for investors seeking a dependable dividend payment. With their upcoming 0.32 per share dividend, it is a great opportunity to benefit from their reliable dividends and solid returns.

Stock Price

The same day, FIRST MERCHANTS stock opened at $40.7 and closed at the same price, down by 0.5% from its previous closing price of $40.9. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for First Merchants. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for First Merchants. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for First Merchants. More…

Key Ratios Snapshot

Some of the financial key ratios for First Merchants are shown below. More…

Analysis

GoodWhale’s analysis of FIRST MERCHANTS‘ wellbeing has shown that the company is in a very healthy financial state. Our Star Chart shows that FIRST MERCHANTS has a high health score of 9/10 when it comes to cashflows and debt, which means that it is capable of safely riding out any crisis without the risk of bankruptcy. In terms of overall financial health, FIRST MERCHANTS is strong in growth, asset, and dividend, and medium in profitability. It is classified as ‘rhino’, which means that the company has achieved moderate revenue or earnings growth. Given the strong financial stability of FIRST MERCHANTS, it is likely to attract a variety of investors, such as value investors who are looking for a safe, low-risk investment option, or growth investors who are looking for an opportunity for steady long-term returns. More…

Peers

The company operates through two segments: Commercial Banking and Retail Banking. Commercial Banking offers loans for working capital, term financing, and equipment financing; and CRE, C&I, and other loans, as well as treasury management, foreign exchange, and interest rate risk management products and services to small and medium-sized businesses. Retail Banking provides deposit products, personal loans, home equity lines of credit, and other consumer loans; and originates and sells one- to four-family residential mortgage loans. First Merchants Corp was founded in 1885 and is headquartered in Muncie, Indiana. Dah Sing Financial Holdings Ltd is a bank holding company that operates through its subsidiaries, Dah Sing Bank Ltd and Dah Sing Insurance Company Ltd. It offers a range of banking and insurance products and services in Hong Kong, Mainland China, and Singapore. The company operates through three segments: Dah Sing Bank, Dah Sing Insurance, and Others. Dah Sing Bank provides personal banking products and services, including deposit-taking, loan and mortgage financing, credit card, foreign exchange, and money market services; and commercial banking products and services comprising deposit-taking, loan and mortgage financing, trade financing, cash management, foreign exchange, and money market services to small and medium-sized enterprises and corporate customers. Dah Sing Insurance offers a range of general insurance products comprising motor, householders’, personal accident, travel, commercial property, liability, marine cargo, construction all risk, credit card insurance, and motor fleet insurance products; and life assurance products consisting of whole life, term life, endowment, annuity, and group life products. The Others segment includes money lending activities. Dah Sing Financial Holdings Ltd was founded in 1946 and is based in Central, Hong Kong. Univest Financial Corp is a bank holding company that operates through its subsidiary, Univest Bank and Trust Co. It offers personal and business banking products and services in Pennsylvania and New Jersey, the United States. The company operates through three segments: Banking, Wealth Management, and Insurance. Banking segment offers checking accounts, savings accounts, money market accounts, certificates of deposit, individual retirement accounts, commercial loans, consumer loans, mortgage loans, and home equity loans and lines of credit. Wealth Management segment provides trust administration, personal trust administration, investment management, custody services, retirement planning services, retirement plan administration services, estate planning and settlement services, financial planning services, charitable gift planning services, and fiduciary income tax return preparation services. Insurance segment offers property and casualty insurance for business and personal lines; life insurance; long-term care insurance; disability income insurance; annuities; and other insurance products. Univest Financial Corp was founded in 1876 and is based in Souderton, Pennsylvania. Dah Sing Banking Group Ltd is a bank holding company that operates through its subsidiaries. It provides personal banking products and services in Hong Kong; and commercial banking products and services to small and medium-sized enterprises and corporate customers in Hong Kong and Mainland China. The company operates through two segments: Banking Operations in Hong Kong and Banking Operations Outside Hong Kong. It offers various deposit products; personal loans; home equity lines of credit; motor vehicle finance; credit cards; wealth management products; bancassurance products; safe deposit box services; foreign exchange services; money market services; and remittance services. The company also provides commercial banking products comprising deposit-taking products; corporate loans; trade financing; cash management; foreign exchange; money market services; and remittance services. Dah Sing Banking Group Ltd was founded in 1946 and is based in Central, Hong Kong.

– Dah Sing Financial Holdings Ltd ($SEHK:00440)

Dah Sing Financial Holdings Ltd has a market cap of 5.29B as of 2022. The company is a financial services provider in Hong Kong that offers a range of banking, insurance, and investment products and services. Dah Sing has a network of over 50 branches across Hong Kong and employs around 4,000 staff.

– Univest Financial Corp ($NASDAQ:UVSP)

Univest Financial Corporation is a bank holding company that offers banking, insurance, and investment products and services to individuals and businesses in Pennsylvania and New Jersey through its subsidiary banks and insurance companies. As of December 31, 2018, Univest Financial Corporation had assets of $3.6 billion, deposits of $2.9 billion, and loans of $2.5 billion.

– Dah Sing Banking Group Ltd ($SEHK:02356)

Dah Sing Banking Group Ltd is a Hong Kong-based banking group. It provides a range of banking and financial services including personal banking, corporate banking, treasury, and wealth management. As of December 31, 2020, the Group had a total of 97 branches in Hong Kong.

Summary

First Merchants is a notable dividend stock, with a dividend per share of 1.25 USD issued annually from 2019 to 2021 and an average yield of 2.96%. Investing analysis of First Merchants should focus on the overall health of the company, its financial performance over time, and potential future growth opportunities. Additionally, investors should review the company’s dividend payout ratio, debt-to-equity ratio, and liquidity ratios as well as its return on equity, return on assets and other key financial metrics. Furthermore, investors should also consider First Merchants’ competitive positioning in the market, management team quality, and other qualitative factors that could affect long-term returns.