First Merchants Sets $0.4688 Quarterly Dividend for Series A Shares

First Merchants Corporation declared a quarterly dividend of $0.4688 per share on its 7.50% preferred Series A shares, which trade under the ticker FRMEP. The payout matches the previous quarterly dividend.

The payment is scheduled for Nov. 16. Shareholders of record on Oct. 30 are eligible for the distribution, and that date is also the ex-dividend date.