FRMEP
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First Merchants Corporation Depository Shares
25.5
+0.1 (+0.39%)
Last Update: 30 Jun 2025 23:00:00
Yesterday: 25.39
Day's Range: 25.49 - 25.5
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When Written:
24.02
First Merchants Corporation Depository Shares (FMCB) are a type of security that represents ownership in First Merchants Corporation, a financial holding company headquartered in Muncie, Indiana. FMCB are issued in the form of American Depositary Shares (ADS) and are traded on the NASDAQ stock exchange under the ticker symbol FMCB.
Each FMCB represents a 1/40th interest in a share of First Merchants Corporation's Series B Preferred Stock. The Series B Preferred Stock pays a fixed dividend rate of 6.625% per annum and has a liquidation preference of $25 per share.
FMCB are a popular investment option for income-seeking investors due to their high dividend yield and relatively low risk compared to common stocks. They are also attractive to international investors who want to invest in US companies but may face barriers such as currency exchange rates or legal restrictions.
Investors who hold FMCB receive dividends quarterly, and the amount of the dividend is based on the number of FMCB shares they own. The dividends are paid in US dollars and are subject to US tax laws.
Overall, First Merchants Corporation Depository Shares provide investors with a convenient and accessible way to invest in a well-established US financial institution and earn a steady stream of income through dividends.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
Each FMCB represents a 1/40th interest in a share of First Merchants Corporation's Series B Preferred Stock. The Series B Preferred Stock pays a fixed dividend rate of 6.625% per annum and has a liquidation preference of $25 per share.
FMCB are a popular investment option for income-seeking investors due to their high dividend yield and relatively low risk compared to common stocks. They are also attractive to international investors who want to invest in US companies but may face barriers such as currency exchange rates or legal restrictions.
Investors who hold FMCB receive dividends quarterly, and the amount of the dividend is based on the number of FMCB shares they own. The dividends are paid in US dollars and are subject to US tax laws.
Overall, First Merchants Corporation Depository Shares provide investors with a convenient and accessible way to invest in a well-established US financial institution and earn a steady stream of income through dividends.
Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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