First Merchants Corporation
FRMEFinancial Services · Stock · quarterly payer
$40.10
Add to PortfolioForward Yield
3.69%
Annual Dividend
$1.48
Payout Ratio
42%
5-Yr Growth
6.7%
Ex-Date
Jun 5, 2026
Frequency
Quarterly
FRME Dividend Safety Score
87/ 100
Grade A
Very Safe
Dividend-growth streak15 consecutive years of growth
Cut historyCut its dividend in 2010
Earnings payout coverage42% of earnings paid out
Yield vs its historyYield in line with its history
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is FRME a good dividend stock?
YesFirst Merchants Corporation (FRME) pays a quarterly dividend yielding 3.69% ($1.48/yr), with 15 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 15 consecutive years of dividend growth
- Comfortable payout ratio (42%)
- Strong 6.7% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 2010
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 3.69%
- Payout Ratio
- 42%
- Annual Dividend
- $1.48
- 5-Yr Avg Growth
- 6.7%
- Ex-Dividend Date
- Jun 5, 2026
- Years of Growth
- 15
- Frequency
- quarterly
- Beta
- 0.86
- Market Cap
- $2.5B
- P/E Ratio
- 11.8
- 5-Yr Total Return
- -4%
- 52-Week Range
- $34.66 – $43.22
- Dividend Safety
- A · 87/100
- Ever Cut?
- Yes (2010)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Mar 6, 2026 | — | $0.3600 | regular |
| Dec 5, 2025 | — | $0.3600 | regular |
| Sep 5, 2025 | — | $0.3600 | regular |
| Jun 6, 2025 | — | $0.3600 | regular |
| Mar 7, 2025 | — | $0.3500 | regular |
| Dec 6, 2024 | — | $0.3500 | regular |
| Sep 6, 2024 | — | $0.3500 | regular |
| Jun 7, 2024 | — | $0.3500 | regular |
| Feb 29, 2024 | — | $0.3400 | regular |
| Nov 30, 2023 | — | $0.3400 | regular |
| Aug 31, 2023 | — | $0.3400 | regular |
| Jun 1, 2023 | — | $0.3400 | regular |
| Mar 2, 2023 | — | $0.3200 | regular |
| Dec 1, 2022 | — | $0.3200 | regular |
Income Calculator
At $1.48 / yr per share
Per payment (quarterly)$37.00
Annual$148.00
Monthly avg$12.33
