First Merchants dividend yield – First Merchants Paying Out US$0.34 Dividend – Plenty To Be Excited About!

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Investors in First Merchants ($NASDAQ:FRME) Corporation have something to be excited about – the company has announced a dividend payment of US$0.34 per share, and this is something to be enthusiastic about. First Merchants Corporation is a financial services holding company which operates through its banking subsidiaries. The upcoming dividend payment of US$0.34 per share is a sign of the company’s commitment to return value to its shareholders. This dividend payment also highlights the strong financial position of First Merchants Corporation and its ability to generate consistent returns for its shareholders.

This dividend payment is a testament to the company’s successful business strategies and prudent management practices. With its upcoming dividend payment of US$0.34 per share, investors can look forward to receiving an attractive return on their investments.

Dividends – First Merchants dividend yield

Investors of First Merchants Corporation have plenty to be excited about, as the company has announced its dividend of US$0.34 per share for 2021. The average dividend yield of First Merchants is 3.08%, with 2021 to 2023 predicted yields of 3.68%, 2.96%, and 2.61% respectively. This makes First Merchants an attractive option for investors who are looking for dividend stocks to add to their portfolio. Investors should thoroughly research the company before committing to an investment, however, as with any investment opportunity.

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…

Share Price

On Monday, FIRST MERCHANTS stock opened at $30.9 and closed at $30.6, down by 1.4% from the last closing price of 31.0. Despite the seemingly negative news, investors have plenty to be excited about as the company declared a dividend of US$0.34 per share. Given the fact that FIRST MERCHANTS has been steadily paying out dividends for the past seven years, this latest dividend can be seen as a sign of financial stability. It is also likely to attract more attention to the company from investors, potentially providing a boost to the stock price in the future. Live Quote…

Analysis

As GoodWhale, we have conducted an analysis of FIRST MERCHANTS‘s financials. According to the Star Chart, FIRST MERCHANTS is classified as a ‘gorilla’ – a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Given such strong growth, asset, dividend, and medium profitability of FIRST MERCHANTS, we anticipate that value investors, growth investors, income investors, and those interested in investing in strong and stable companies may be interested in investing in this company. We have also evaluated FIRST MERCHANTS’s cashflows and debt and determined it to have a high health score of 9/10. This indicates that FIRST MERCHANTS is well-positioned to sustain future operations in times of crisis. 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 has recently announced a dividend of US$0.34 per share, which is a positive sign for investors. The dividend is higher than the prior period, indicating the company is in a strong financial position and has good prospects for future growth. Its debt-to-equity ratio remains low, suggesting it has the ability to pay dividends while still generating healthy returns.

In addition, its return on equity has been above the industry average, indicating the company is well managed and profitable. All in all, FIRST MERCHANTS looks like a good option for investors looking to earn steady income and potential capital gains.