Published on 26 Aug 2023 on Simply Wall St. via Yahoo Finance

First Merchants Corporation (NASDAQ:FRME) Looks Interesting, And It's About To Pay A Dividend

Readers hoping to buy First Merchants Corporation (NASDAQ:FRME) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Thus, you can purchase First Merchants' shares before the 31st of August in order to receive the dividend, which the company will pay on the 15th of September.

The company's next dividend payment will be US$0.34 per share, and in the last 12 months, the company paid a total of US$1.36 per share. Looking at the last 12 months of distributions, First Merchants has a trailing yield of approximately 4.6% on its current stock price of $29.43. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.

See our latest analysis for First Merchants