First Merchants Corporation (FRME) Dividend History
FRME latest dividend
$0.37last dividend per share
Ex-dividend dateSep 4Friday, 2026
Payment dateSep 18Friday, 2026
The next dividend has not been announced yet.
- 14 yearsof dividend increases
- 1989paying since
- Quarterly4 payments a year
- +6.6%5-year growth a year
- 3.74%forward yield
FRME dividend income calculator
- Dividend income a year
- $148
- Each payment
- $37
- Value of the shares
- $3,960
- Dividend yield
- 3.74%
At the latest close; forward annual dividend $1.48 per share, before tax.
FRME dividends per share by year
Dividends per shareYield at year-end (right axis)
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
FRME dividend safety
Payout ratio (earnings)39.0%
Well covered · of trailing twelve-month earnings paid as dividends
Payout ratio (free cash flow)29.9%
Well covered · of fiscal 2025 free cash flow
Dividend growth (5 years)+6.6%
Growing · a year on average
Years of increases14
Long record · consecutive calendar years with a higher dividend
Descriptive bands, not a rating.
FRME yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $35.71 | 4.14% | $1.46 | 4.1% |
| 3 years ago | $27.98 | 5.29% | $4.26 | 15.2% |
| 5 years ago | $42.44 | 3.49% | $6.80 | 16.0% |
| 10 years ago | $26.90 | 5.50% | $11.36 | 42.2% |
| 20 years ago | $24.80 | 5.97% | $15.35 | 61.9% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
FRME dividend payments
Payment
Each bar is one payment, by ex-dividend month (last 40 payments).
FRME dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $1.43 | +2.9% | 3.82% | 4 |
| 2024 | $1.39 | +3.7% | 3.48% | 4 |
| 2023 | $1.34 | +7.2% | 3.61% | 4 |
| 2022 | $1.25 | +10.6% | 3.04% | 4 |
| 2021 | $1.13 | +8.7% | 2.70% | 4 |
| 2020 | $1.04 | +4.0% | 2.78% | 4 |
| 2019 | $1.00 | +19.0% | 2.40% | 4 |
| 2018 | $0.84 | +21.7% | 2.45% | 4 |
| 2017 | $0.69 | +27.8% | 1.64% | 4 |
| 2016 | $0.54 | +31.7% | 1.43% | 4 |
| 2015 | $0.41 | +41.4% | 1.61% | 4 |
| 2014 | $0.29 | +61.1% | 1.27% | 4 |
| 2013 | $0.18 | +80.0% | 0.79% | 4 |
| 2012 | $0.10 | +150.0% | 0.67% | 4 |
| 2011 | $0.04 | 0.0% | 0.47% | 4 |
| 2010 | $0.04 | −91.5% | 0.45% | 4 |
| 2009 | $0.47 | −48.9% | 7.91% | 4 |
| 2008 | $0.92 | 0.0% | 4.14% | 4 |
| 2007 | $0.92 | 0.0% | 4.21% | 4 |
| 2006 | $0.92 | — | 3.38% | 4 |
FRME dividend history
150 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-09-04 | 2026-09-18 | $0.37 | — | Quarterly |
| 2026-06-05 | 2026-06-19 | $0.37 | +2.8% | Quarterly |
| 2026-03-06 | 2026-03-20 | $0.36 | — | Quarterly |
| 2025-12-05 | 2025-12-19 | $0.36 | — | Quarterly |
| 2025-09-05 | 2025-09-19 | $0.36 | — | Quarterly |
| 2025-06-06 | 2025-06-20 | $0.36 | +2.9% | Quarterly |
| 2025-03-07 | 2025-03-21 | $0.35 | — | Quarterly |
| 2024-12-06 | 2024-12-20 | $0.35 | — | Quarterly |
| 2024-09-06 | 2024-09-20 | $0.35 | — | Quarterly |
| 2024-06-07 | 2024-06-21 | $0.35 | +2.9% | Quarterly |
| 2024-02-29 | 2024-03-15 | $0.34 | — | Quarterly |
| 2023-11-30 | 2023-12-15 | $0.34 | — | Quarterly |
| 2023-08-31 | 2023-09-15 | $0.34 | — | Quarterly |
| 2023-06-01 | 2023-06-16 | $0.34 | +6.2% | Quarterly |
| 2023-03-02 | 2023-03-17 | $0.32 | — | Quarterly |
| 2022-12-01 | 2022-12-16 | $0.32 | — | Quarterly |
Show all 150 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-09-01 | 2022-09-16 | $0.32 | — | Quarterly |
| 2022-06-02 | 2022-06-17 | $0.32 | +10.3% | Quarterly |
| 2022-03-03 | 2022-03-18 | $0.29 | — | Quarterly |
| 2021-12-02 | 2021-12-17 | $0.29 | — | Quarterly |
| 2021-09-02 | 2021-09-17 | $0.29 | — | Quarterly |
| 2021-06-03 | 2021-06-18 | $0.29 | +11.5% | Quarterly |
| 2021-03-04 | 2021-03-19 | $0.26 | — | Quarterly |
| 2020-12-03 | 2020-12-18 | $0.26 | — | Quarterly |
| 2020-09-03 | 2020-09-18 | $0.26 | — | Quarterly |
| 2020-06-04 | 2020-06-19 | $0.26 | — | Quarterly |
| 2020-03-05 | 2020-03-20 | $0.26 | — | Quarterly |
| 2019-12-05 | 2019-12-20 | $0.26 | — | Quarterly |
| 2019-08-29 | 2019-09-20 | $0.26 | — | Quarterly |
| 2019-05-17 | 2019-06-21 | $0.26 | +18.2% | Quarterly |
| 2019-02-28 | 2019-03-15 | $0.22 | — | Quarterly |
| 2018-12-06 | 2018-12-21 | $0.22 | — | Quarterly |
| 2018-09-06 | 2018-09-21 | $0.22 | — | Quarterly |
| 2018-05-31 | 2018-06-15 | $0.22 | +22.2% | Quarterly |
| 2018-03-01 | 2018-03-16 | $0.18 | — | Quarterly |
| 2017-11-30 | 2017-12-15 | $0.18 | — | Quarterly |
| 2017-08-30 | 2017-09-15 | $0.18 | — | Quarterly |
| 2017-05-31 | 2017-06-16 | $0.18 | +20.0% | Quarterly |
| 2017-03-01 | 2017-03-17 | $0.15 | — | Quarterly |
| 2016-11-30 | 2016-12-16 | $0.15 | +7.1% | Quarterly |
| 2016-08-31 | 2016-09-16 | $0.14 | — | Quarterly |
| 2016-06-01 | 2016-06-17 | $0.14 | +27.3% | Quarterly |
| 2016-03-02 | 2016-03-18 | $0.11 | — | Quarterly |
| 2015-12-02 | 2015-12-18 | $0.11 | — | Quarterly |
| 2015-09-02 | 2015-09-18 | $0.11 | — | Quarterly |
| 2015-06-03 | 2015-06-19 | $0.11 | +37.5% | Quarterly |
| 2015-03-05 | 2015-03-20 | $0.08 | — | Quarterly |
| 2014-12-03 | 2014-12-19 | $0.08 | — | Quarterly |
| 2014-09-03 | 2014-09-19 | $0.08 | — | Quarterly |
| 2014-06-04 | 2014-06-20 | $0.08 | +60.0% | Quarterly |
| 2014-03-05 | 2014-03-21 | $0.05 | — | Quarterly |
| 2013-12-04 | 2013-12-20 | $0.05 | — | Quarterly |
| 2013-09-04 | 2013-09-20 | $0.05 | — | Quarterly |
| 2013-05-30 | 2013-06-17 | $0.05 | +66.7% | Quarterly |
| 2013-03-13 | 2013-03-18 | $0.03 | — | Quarterly |
| 2012-11-29 | 2012-12-17 | $0.03 | — | Quarterly |
| 2012-08-30 | 2012-09-17 | $0.03 | — | Quarterly |
| 2012-05-31 | 2012-06-18 | $0.03 | +200.0% | Quarterly |
| 2012-03-01 | 2012-03-19 | $0.01 | — | Quarterly |
| 2011-12-01 | 2011-12-19 | $0.01 | — | Quarterly |
| 2011-08-31 | 2011-09-19 | $0.01 | — | Quarterly |
| 2011-06-02 | 2011-06-20 | $0.01 | — | Quarterly |
| 2011-03-03 | 2011-03-21 | $0.01 | — | Quarterly |
| 2010-12-02 | 2010-12-20 | $0.01 | — | Quarterly |
| 2010-09-01 | 2010-09-20 | $0.01 | — | Quarterly |
| 2010-06-03 | 2010-06-21 | $0.01 | — | Quarterly |
| 2010-03-03 | 2010-03-19 | $0.01 | −87.5% | Quarterly |
| 2009-12-02 | 2009-12-18 | $0.08 | — | Quarterly |
| 2009-09-02 | 2009-09-18 | $0.08 | — | Quarterly |
| 2009-06-03 | 2009-06-19 | $0.08 | −65.2% | Quarterly |
| 2009-03-04 | 2009-03-20 | $0.23 | — | Quarterly |
| 2008-12-03 | 2008-12-19 | $0.23 | — | Quarterly |
| 2008-09-03 | 2008-09-19 | $0.23 | — | Quarterly |
| 2008-06-04 | 2008-06-20 | $0.23 | — | Quarterly |
| 2008-03-04 | 2008-03-20 | $0.23 | — | Quarterly |
| 2007-12-04 | 2007-12-20 | $0.23 | — | Quarterly |
| 2007-09-04 | 2007-09-20 | $0.23 | — | Quarterly |
| 2007-06-04 | 2007-06-20 | $0.23 | — | Quarterly |
| 2007-03-02 | 2007-03-20 | $0.23 | — | Quarterly |
| 2006-12-04 | 2006-12-20 | $0.23 | — | Quarterly |
| 2006-09-01 | 2006-09-20 | $0.23 | — | Quarterly |
| 2006-06-01 | 2006-06-19 | $0.23 | — | Quarterly |
| 2006-03-02 | 2006-03-20 | $0.23 | — | Quarterly |
| 2005-12-02 | 2005-12-20 | $0.23 | — | Quarterly |
| 2005-09-01 | 2005-09-20 | $0.23 | — | Quarterly |
| 2005-06-02 | 2005-06-20 | $0.23 | — | Quarterly |
| 2005-03-03 | 2005-03-21 | $0.23 | — | Quarterly |
| 2004-12-02 | 2004-12-20 | $0.23 | — | Quarterly |
| 2004-09-01 | 2004-09-20 | $0.23 | — | Quarterly |
| 2004-06-02 | 2004-06-18 | $0.23 | — | Quarterly |
| 2004-03-03 | 2004-03-19 | $0.23 | — | Quarterly |
| 2003-12-03 | 2003-12-19 | $0.23 | — | Quarterly |
| 2003-09-03 | 2003-09-19 | $0.23 | +5.0% | Quarterly |
| 2003-06-04 | 2003-06-20 | $0.219 | — | Quarterly |
| 2003-03-04 | 2003-03-20 | $0.219 | — | Quarterly |
| 2002-12-04 | 2002-12-20 | $0.219 | — | Quarterly |
| 2002-09-04 | 2002-09-20 | $0.219 | +5.0% | Quarterly |
| 2002-06-06 | 2002-06-20 | $0.2086 | — | Quarterly |
| 2002-03-05 | 2002-03-20 | $0.2086 | — | Quarterly |
| 2001-12-04 | 2001-12-20 | $0.2086 | — | Quarterly |
| 2001-09-06 | 2001-09-24 | $0.2086 | +5.0% | Quarterly |
| 2001-06-04 | 2001-06-21 | $0.1987 | — | Quarterly |
| 2001-03-02 | 2001-03-20 | $0.1987 | — | Quarterly |
| 2000-12-04 | 2000-12-20 | $0.1987 | — | Quarterly |
| 2000-09-01 | 2000-09-20 | $0.1987 | +4.5% | Quarterly |
| 2000-06-06 | 2000-06-20 | $0.19 | — | Quarterly |
| 2000-03-02 | 2000-03-20 | $0.19 | — | Quarterly |
| 1999-12-02 | 1999-12-20 | $0.19 | — | Quarterly |
| 1999-09-01 | 1999-09-20 | $0.19 | +10.0% | Quarterly |
| 1999-06-02 | 1999-06-18 | $0.1728 | — | Quarterly |
| 1999-03-04 | 1999-03-19 | $0.1728 | — | Quarterly |
| 1998-11-18 | 1998-12-18 | $0.1728 | — | Quarterly |
| 1998-09-02 | 1998-09-18 | $0.1728 | +7.1% | Quarterly |
| 1998-06-03 | 1998-06-19 | $0.1613 | — | Quarterly |
| 1998-03-04 | 1998-03-20 | $0.1613 | — | Quarterly |
| 1997-12-03 | 1997-12-19 | $0.1613 | — | Quarterly |
| 1997-09-03 | 1997-09-19 | $0.1613 | +16.7% | Quarterly |
| 1997-06-04 | 1997-06-20 | $0.1382 | — | Quarterly |
| 1997-03-04 | 1997-03-20 | $0.1382 | — | Quarterly |
| 1996-12-04 | 1996-12-20 | $0.1382 | — | Quarterly |
| 1996-09-04 | 1996-09-20 | $0.1382 | +20.0% | Quarterly |
| 1996-06-04 | 1996-06-20 | $0.1152 | — | Quarterly |
| 1996-03-04 | 1996-03-20 | $0.1152 | — | Quarterly |
| 1995-12-04 | 1995-12-20 | $0.1152 | — | Quarterly |
| 1995-09-01 | 1995-09-20 | $0.1152 | +7.1% | Quarterly |
| 1995-06-01 | 1995-06-20 | $0.1075 | — | Quarterly |
| 1995-03-01 | 1995-03-21 | $0.1075 | — | Quarterly |
| 1994-11-30 | 1994-12-20 | $0.1075 | — | Quarterly |
| 1994-08-30 | 1994-09-20 | $0.1075 | +12.0% | Quarterly |
| 1994-05-31 | 1994-06-20 | $0.096 | — | Quarterly |
| 1994-03-01 | 1994-03-21 | $0.096 | — | Quarterly |
| 1993-11-30 | 1993-12-20 | $0.096 | — | Quarterly |
| 1993-08-30 | 1993-09-20 | $0.096 | +13.6% | Quarterly |
| 1993-06-01 | 1993-06-21 | $0.0845 | — | Quarterly |
| 1993-03-01 | 1993-03-19 | $0.0845 | — | Quarterly |
| 1992-12-06 | 1992-12-21 | $0.0845 | −74.4% | Quarterly |
| 1992-12-04 | 1992-12-21 | $0.33 | +290.7% | |
| 1992-08-31 | 1992-09-21 | $0.0845 | +6.4% | Quarterly |
| 1992-06-01 | 1992-06-19 | $0.0794 | — | Quarterly |
| 1992-03-02 | 1992-03-20 | $0.0794 | — | Quarterly |
| 1991-12-02 | 1991-12-20 | $0.0794 | — | Quarterly |
| 1991-08-30 | 1991-09-20 | $0.0794 | +10.7% | Quarterly |
| 1991-05-31 | 1991-06-20 | $0.0717 | — | Quarterly |
| 1991-02-28 | 1991-03-20 | $0.0717 | — | |
| 1990-11-30 | 1990-12-20 | $0.0717 | — | |
| 1990-08-30 | 1990-09-20 | $0.0717 | +12.0% | |
| 1990-05-31 | 1990-06-20 | $0.064 | — | |
| 1990-02-28 | 1990-03-20 | $0.064 | — | |
| 1989-11-30 | 1989-12-20 | $0.064 | — | |
| 1989-08-30 | 1989-09-20 | $0.064 | — |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
FRME stock split history
- 21:20August 27, 2003
- 21:20August 28, 2002
- 21:20August 29, 2001
- 3:2October 26, 1998
- 3:2October 30, 1995
- 3:2January 26, 1993
FRME dividend overview
First Merchants pays an annual dividend of $1.48 per share, a yield of 3.74% at the latest close, paid quarterly. It paid $1.43 per share in 2025, up 2.9% from 2024. It has raised its dividend for 14 consecutive years. Over five years the dividend grew 6.6% a year on average and over ten years 13.3% a year. The payout ratio is 39.0% of trailing earnings.
Related: FRME cash flow statement, FRME key metrics, FRME chart. See the FRME stock overview for the latest quote and news.
FRME dividends FAQ
Does First Merchants pay a dividend?
Yes. First Merchants has paid a regular dividend since 1989, quarterly, most recently $0.37 per share with an ex-dividend date of September 4, 2026.
What is First Merchants's dividend yield?
First Merchants's forward annual dividend is $1.48 per share, a dividend yield of 3.74% at the latest close of $39.60.
How often does First Merchants pay dividends?
First Merchants pays dividends quarterly.
How fast is First Merchants's dividend growing?
First Merchants's dividend per share grew from $1.04 in 2020 to $1.43 in 2025, 6.6% a year on average over five years; it has increased for 14 years in a row.
What is First Merchants's dividend payout ratio?
First Merchants pays out 39.0% of its trailing earnings as dividends and 29.9% of its free cash flow (fiscal 2025).
Has First Merchants split its stock?
First Merchants has split its stock 6 times: 21:20 on August 27, 2003, 21:20 on August 28, 2002, 21:20 on August 29, 2001, 3:2 on October 26, 1998, 3:2 on October 30, 1995, 3:2 on January 26, 1993. Dividends per share on this page are adjusted for splits.