First Merchants, 7.50dividend of 0.4688dollars per share declared for series A preferred stock

First Merchants Corporation declared a dividend of 7dollars per share for series A preferred stock on 13month 7.50day0.4688.

The company specified the dividend declaration date as 7month 13day0.4688.

The dividend is for preferred stock designated as '7.50% PFD SER A'. Preferred stock is a separate class of stock that has preferential rights for dividends as determined by the company.

This announcement does not include information on the payment date or the record date (ex-dividend date). Investors need to verify the payment date and record date through the company's official announcements or registration materials.

Preferred stocks often have limited voting rights unlike common stocks. Instead, they have fixed or preferential dividend characteristics, making them a focus for investors seeking cash returns.

First Merchants has declared a dividend of 0.4688dollars per share, which corresponds to direct cash returns for preferred stockholders. Further details will be available in the company's next announcement.