As per First Merchants Corporation (NASDAQ:FRME) statement on 2016-08-15, the shareholders would receive dividend for the gone quarter. The company confirmed that it will disburse $0.14 per share as dividend to stakeholders. The record date is set as 2016-09-02, the payout date as 2016-09-16 and the ex-dividend date is 2016-08-31.
Last fiscal First Merchants Corporation (NASDAQ:FRME) disbursed cash dividend of $0.14. A year ago, the payout was $0.14, which indicates a difference of 41.3793%. The past track record of five years substantiates that the average payout as given by the firm stands at $0.14, implying 59.274% growth.
For the period ended on 2015-12-31, First Merchants Corporation (NASDAQ:FRME)’s earnings came at $0.49 per share compared to EPS of $0.45 a year ago. This quarter the firm can post earnings for quarter ending 2016-09-30 on or around 2016-10-27. For this quarter, the analysts have earnings estimate of $0.49 per share.
The interim price target for First Merchants Corporation (NASDAQ:FRME) is set at $28. This level is the mean price reached by averaging the stock views of 4 analysts. All these are top brokerages of Wall Street and trail the company’s performance regularly. The best price estimate for First Merchants Corporation (NASDAQ:FRME) is seen at $29 and the lowest level is established at $27. This broad range highlights a standard deviation of $0.912 in reported estimates.
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