$FRME

First Merchants declares $46.88 preferred dividend; payable Nov 16, 2026

First Merchants declared a $46.88 quarterly cash dividend on its 7.50% Series A preferred stock, payable Nov 16, 2026, to holders of record as of Oct 30, 2026. The dividend equals $0.4688 per depositary share, according to the company.

Original reporting
Published Oct 15, 2026, 7:13 PM UTC
Analysis
AlphAI AI DeskAI-generated
Added to AlphAI Oct 15, 2026, 7:19 PM UTC. Informational, not investment advice.
How this was made
AlphAI summarizes source reporting and applies a structured AI analysis for relevance, timing, sentiment and ticker impact. Always verify material claims with the original publisher.
First Merchants declares $46.88 preferred dividend; payable Nov 16, 2026 — source image
Decision brief

The 30-second read

$FRMENeutralLow
01

Why it matters

This sets the cash distribution schedule for preferred holders, which can influence short-term preferred pricing around the record date and payment date.

02

Market read

Traders focused on preferred-income or dividend entitlement may adjust positions ahead of the Oct 30, 2026 record date.

03

What to watch

Liquidity and bid-ask spreads in preferred depositary shares can dominate any small entitlement-driven moves, making the headline less tradable than the microstructure.

Relevance 4/10Novelty 5/10Timing: dividend payable Nov 16, 2026, record date Oct 30, 2026

Background

The board declared a quarterly cash dividend on First Merchants’ 7.50% Non-Cumulative Perpetual Preferred Stock, Series A, with depositary shares trading under FRMEP.

Company-level read

Ticker impact

$FRMENeutralMedium confidence
Context

First Merchants declared a $46.88 quarterly cash dividend on its 7.50% Series A preferred stock, payable Nov 16, 2026.

Expected impact

Likely limited near-term impact, with any price adjustment mainly reflecting timing to the record date and dividend entitlement.

Evidence & confidence

The article discloses a routine preferred dividend amount and schedule from an 8-K, without guidance changes or balance-sheet risk signals.

Market effects

Minimal, as this is issuer-specific preferred dividend mechanics rather than a sector-wide rate or credit signal.

Minimal, no broader regional banking stress or policy change is indicated.

Low, the event is localized to the issuer’s preferred equity cash flows.

Counterpoint

Preferred-share pricing may already reflect the declared dividend, so incremental trading impact could be negligible.

Key entities

  • First Merchants Corp

    Declared the quarterly cash dividend on its 7.50% Series A preferred stock.

  • 7.50% Series A preferred stock (depositary shares trade as FRMEP)

    The instrument receiving the $46.88 quarterly dividend per preferred share, or $0.4688 per depositary share.

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