Is First Merchants Corporation a good dividend stock?

First Merchants Corporation (FRMEP) is a dividend-paying stock with a current dividend yield of 7.21%. Review its dividend history, payout consistency and growth to judge whether it fits your income strategy.

What is FRMEP's dividend yield?

The dividend yield for FRMEP stock is currently 7.21%.

How much does FRMEP pay in dividends per year?

First Merchants Corporation pays an annual dividend of $1.8752 per share over the trailing twelve months.

How often does FRMEP pay dividends?

FRMEP stock pays dividends quarterly.

Is FRMEP's dividend growing?

First Merchants Corporation's 3-year dividend CAGR is -0.01%.

FRMEP Stock Price, Chart, Stats & News

First Merchants Corporation

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Overview Dividend safety Dividends Fundamentals

First Merchants Corporation (FRMEP) is a dividend-paying stock with a current dividend yield of 7.21% as of Jun 26, 2026. It pays $1.88 per share over the trailing twelve months and distributes quarterly. Its dividend has grown at a 5.76% 5-year compound annual rate.

2.68B

Market cap

7.62x

Current P/E

–

Forward P/E

7.21%

Dividend yield

$1.88

FRMEP dividend

Dividend safety

Strong

Dividend coverage looks healthy — FRMEP pays out about 55% of earnings.

See the safety analysis

FRMEP chart

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Fundamentals

Gross margin	60.99%
Operating margin	24.66%
Pretax margin	24.66%
Net margin	21.50%
Effective tax rate	12.78%
ROA	1.19%
ROE	9.46%
D/E	0.41x
Interest coverage ratio	0.67x

All financials

FRMEP valuation

P/E	7.62x
P/S	2.28x
P/B	0.88x
P/CF	7.67x
P/FCF	8.46x
P/OCF	7.67x
PEG	-3.51x
EV multiple	5.14x

About

First Merchants Corporation functions as the parent company for First Merchants Bank, which delivers a comprehensive suite of community banking services. Through its banking operations, the corporation accepts various forms of deposits, including checking, savings, and time accounts. It also provides a diverse range of lending options, such as consumer, commercial, agri-business, and real estate mortgage loans, alongside public finance solutions.