First Merchants Declares Preferred Stock Dividend
The Muncie-based bank will issue cash dividends to Series A preferred stockholders in mid-November.
Updated on Oct. 15, 2026 in Public Companies
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First Merchants Corporation has declared a quarterly cash dividend for its 7.50% Non-Cumulative Perpetual Preferred Stock Series A. Shareholders will receive $46.88 per share.
Why it matters
The dividend announcement confirms the upcoming payout schedule for investors holding the company's preferred stock interests.
The dividend is set at $46.88 per preferred share, which equates to $0.4688 per depositary share. Each depositary share represents a 1/100th interest in a share of Series A preferred stock.
The players
First Merchants Corporation
Headquartered in Muncie, Indiana, this financial services holding company provides a range of banking products and services.
The details
This quarterly cash dividend applies to the 7.50% Non-Cumulative Perpetual Preferred Stock Series A. Payments are scheduled to reach stockholders of record by the specified deadline.
Timeline
October 30, 2026: Record date for dividend eligibility.
November 16, 2026: Payment date for the cash dividend.
Market Landscape
This payout reflects the bank's continued reliance on preferred equity as a component of its capital structure. It positions First Merchants within a competitive sector where banks must balance consistent investor returns with evolving capital adequacy requirements.
Investors holding these specific preferred or depositary shares can anticipate the cash payout to be credited according to their brokerage terms on the payment date. Shareholders should ensure their account information is current by the record date to avoid delays in receiving funds.
The takeaway
Preferred stock dividends provide a predictable income stream for investors who hold non-cumulative perpetual securities. Shareholders should monitor official corporate notices to remain informed about future payout schedules.
Further reading
For more information on the latest financial disclosures and corporate governance, visit the Public Companies section.
More information
Find further financial information and corporate updates on the company website.
Source note: This article includes information reported by The Manila times.
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