First Merchants dividend – First Merchants Corporation Declares Quarterly Cash Dividend of $46.88 Per Share

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First Merchants ($NASDAQ:FRME) Corporation is a financial services company based in Muncie, Indiana. The company primarily serves consumer and business clients in the United States through its banking and financial services. The company is a publicly traded corporation and its common stock is listed on the NASDAQ stock exchange. On July 20, 2023, First Merchants Corporation announced that they would be paying out a quarterly cash dividend of $46.88 per share on its common stock. This dividend is a sign of the company’s financial strength and stability as they continue to grow and expand their services in the US and beyond.

This quarterly dividend is expected to provide shareholders with a steady stream of income and will be especially beneficial for long-term investors who have held on to their First Merchants Corporation stock for some time. It is also expected to enhance the company’s valuation as investors will likely be drawn to the company’s strong financials and dividend payments. The decision to declare a quarterly cash dividend marks another milestone for First Merchants Corporation, underscoring their commitment to providing returns for their shareholders. With the continued growth of the company, it is likely that these dividends will continue to be paid in the future.

Dividends – First Merchants dividend

Analysts have calculated the annual dividend yields for FIRST MERCHANTS from 2021 to 2023, with yields of 3.39%, 2.96%, and 2.61% respectively. This averages out to a dividend yield of 2.99%, making FIRST MERCHANTS a great option for those who are looking for dividend stocks.

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…

Stock Price

This declaration comes at a time when FMC’s stock opened at $32.4 and closed at $31.8, down by 1.0% from the last closing price of 32.1. This dividend announcement is expected to provide added value to FMC’s shareholders through increased returns. Live Quote…

Analysis

At GoodWhale, we’ve taken a look at the fundamentals of FIRST MERCHANTS and our Star Chart analysis has revealed the company is firmly situated within the ‘cheetah’ category. This means that FIRST MERCHANTS has achieved high revenue or earnings growth but is considered less stable due to lower profitability. We’ve determined that FIRST MERCHANTS has a strong overall health score of 9/10 with regard to its cash flows and debt, leading us to believe that it is in a good position to sustain future operations in times of crisis. In terms of growth and profitability, FIRST MERCHANTS has strong levels, while it also has strong asset and dividend trends. Given the strong performance of FIRST MERCHANTS in all areas, it may be of interest to investors looking for a strong, long-term return on their investments. In particular, active and aggressive investors may be attracted to FIRST MERCHANTS’ cheetah profile, as it provides the opportunity to benefit from high growth and substantial 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 Corporation recently declared a quarterly cash dividend of $46.88 per share, indicating a positive outlook for the company’s future. Investors should consider this positive news when analyzing the potential benefit of investing in First Merchants. Research on the company’s financials, management, competitive environment, industry trends, and other factors should provide further insights into the company’s potential as an investment. Additionally, investors should closely monitor any developments to the company’s dividend policy and financial performance.