First Merchants Corporation
FRMEPFinancial Services · Stock · quarterly payer
$25.15
Add to PortfolioForward Yield
7.46%
Annual Dividend
$1.88
Payout Ratio
—
5-Yr Growth
-0.4%
Ex-Date
Apr 30, 2026
Frequency
Quarterly
FRMEP Dividend Safety Score
80/ 100
Grade A
Very Safe
Dividend-growth streak4 consecutive years of growth
Cut historyNever cut its dividend on record
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 FRMEP a good dividend stock?
YesFirst Merchants Corporation (FRMEP) pays a quarterly dividend yielding 7.46% ($1.88/yr), with 4 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
- Never cut its dividend on record
- Top-tier dividend safety score
Risks
- Dividend has been shrinking, not growing
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 7.46%
- Payout Ratio
- —
- Annual Dividend
- $1.88
- 5-Yr Avg Growth
- -0.4%
- Ex-Dividend Date
- Apr 30, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.86
- Market Cap
- —
- P/E Ratio
- 6.6
- 5-Yr Total Return
- -8%
- 52-Week Range
- $24.73 – $27.09
- Dividend Safety
- A · 80/100
- Ever Cut?
- No
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Apr 30, 2026 | — | $0.4690 | regular |
| Jan 30, 2026 | — | $0.4690 | regular |
| Oct 31, 2025 | — | $0.4690 | regular |
| Jul 30, 2025 | — | $0.4690 | regular |
| Apr 30, 2025 | — | $0.4690 | regular |
| Jan 31, 2025 | — | $0.4690 | regular |
| Oct 31, 2024 | — | $0.4690 | regular |
| Jul 30, 2024 | — | $0.4690 | regular |
| Apr 29, 2024 | — | $0.4690 | regular |
| Jan 30, 2024 | — | $0.4690 | regular |
| Oct 30, 2023 | — | $0.4690 | regular |
| Jul 28, 2023 | — | $0.4690 | regular |
| Apr 27, 2023 | — | $0.4690 | regular |
| Jan 30, 2023 | — | $0.4690 | regular |
Income Calculator
At $1.88 / yr per share
Per payment (quarterly)$47.00
Annual$188.00
Monthly avg$15.67
