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flag First Merchants Co. announces a quarterly dividend of $0.47 per share, set to pay on May 15.

flag First Merchants Co. (NASDAQ:FRMEP) has announced a quarterly dividend of $0.47 per share, with a record date on April 30 and a payment date on May 15. flag This dividend equates to an annualized dividend of $1.88, offering a yield of 7.49%. flag The company's stock price is $25.03. flag First Merchants Corporation, the financial holding company for First Merchants Bank, provides various banking services including deposits and loans. flag The company's market cap is $1.67 billion.

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