GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » First Merchants Corp (NAS:FRME) » Definitions » Dividend Yield %

First Merchants (First Merchants) Dividend Yield % : 3.90% (As of Apr. 25, 2024)


View and export this data going back to 1992. Start your Free Trial

What is First Merchants Dividend Yield %?

As of today (2024-04-25), the Trailing Annual Dividend Yield of First Merchants is 3.90%.

Warning Sign:

First Merchants Corp stock dividend yield is close to 1-year low.

The historical rank and industry rank for First Merchants's Dividend Yield % or its related term are showing as below:

FRME' s Dividend Yield % Range Over the Past 10 Years
Min: 0.83   Med: 1.92   Max: 5.12
Current: 3.9

During the past 13 years, the highest Dividend Yield of First Merchants was 5.12%. The lowest was 0.83%. And the median was 1.92%.

FRME's Dividend Yield % is ranked worse than
51.78% of 1205 companies
in the Banks industry
Industry Median: 3.95 vs FRME: 3.90

First Merchants's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.39.

During the past 13 years, the highest Dividend Payout Ratio of First Merchants was 10.40. The lowest was 0.18. And the median was 0.31.

As of today (2024-04-25), the Forward Dividend Yield % of First Merchants is 3.90%.

First Merchants's Dividends per Share for the three months ended in Dec. 2023 was $0.34.

During the past 12 months, First Merchants's average Dividends Per Share Growth Rate was 7.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 8.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 9.20% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 19.80% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of First Merchants was 93.50% per year. The lowest was -64.80% per year. And the median was 10.65% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


First Merchants Dividend Yield % Historical Data

The historical data trend for First Merchants's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

First Merchants Dividend Yield % Chart

First Merchants Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 2.40 2.78 2.70 3.03 3.61

First Merchants Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.03 3.88 4.61 4.75 3.61

Competitive Comparison of First Merchants's Dividend Yield %

For the Banks - Regional subindustry, First Merchants's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Merchants's Dividend Yield % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Merchants's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where First Merchants's Dividend Yield % falls into.



First Merchants Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

First Merchants Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.3402024-02-292024-03-012024-03-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.3402023-11-302023-12-012023-12-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.3402023-08-312023-09-012023-09-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.3402023-06-012023-06-022023-06-16Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

First Merchants's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=1.36/34.82
=3.91 %

Current Share Price is $34.82.
First Merchants's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.36.

First Merchants's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=1.36/34.82
=3.91 %

Current Share Price is $34.82.
First Merchants's Dividends per Share for the forward twelve months is calculated as $0.34 * 4 = $1.36.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Merchants  (NAS:FRME) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


First Merchants Dividend Yield % Related Terms

Thank you for viewing the detailed overview of First Merchants's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


First Merchants (First Merchants) Business Description

Traded in Other Exchanges
Address
200 East Jackson Street, P.O. Box 792, Muncie, IN, USA, 47305-2814
First Merchants Corp, through its subsidiaries, provides its customers with financial services delivered locally by bankers. It offers personal banking, business banking, real estate mortgage lending, cash management services, brokerage, wealth management, and insurance. The company reports in only one segment that is community banking.
Executives
Michael C Rechin officer: Executive Vice President, other: Chief Operating Officer 13831 COLDWATER DRIVE, CARMEL IN 46032
Michael J Fisher director 200 EAST JACKSON STREET, MUNCIE IN 47305
Jason R Sondhi director 200 E JACKSON ST, MUNCIE IN 47305
Gary Lehman director 200 EAST JACKSON STREET, MUNCIE IN 47305
Mung Chiang director 200 E JACKSON ST, MUNCIE IN 47305
Stephan Fluhler officer: Chief Information Officer, other: Senior Vice President 200 EAST JACKSON STREET, MUNCIE IN 47305
Charles E Schalliol director 300 NORTH MERIDIAN STREET, SUITE 950, INDIANAPOLIS IN 46204
Kevin D Johnson director 200 E JACKSON ST, MUNCIE IN 47305
Patrick J. Fehring director 32991 HAMILTON COURT, FARMINGTON HILLS MI 48334
Patrick A Sherman director 609 TREYBOURNE DRIVE, SUITE A, GREENWOOD IN 46142
Chad Kimball officer: Chief Risk Officer 200 EAST JACKSON STREET, MUNCIE IN 47305
Mark K Hardwick officer: Senior Vice President, other: Chief Financial Officer POST OFFICE BOX 792, MUNICE IN 47308-0792
Michael R Becher director 200 E. JACKSON ST., MUNCIE IN 47305
Michael C Marhenke director 200 EAST JACKSON ST, MUNCIE IN 47305
William L Hoy director 200 EAST JACKSON STREET, MUNCIE IN 47305