First Merchants' Preferred Stock Series A Achieves 7.5% Yield Threshold

First Merchants Corp's 7.50% Dep Shares Non-Cumulative Preferred Stock Series A (FRMEP) has a yield above 7.5% based on its quarterly dividend. This compares to an average yield of 6.58% in the "Financial" preferred stock category. The shares are trading at a 0.76% premium to their liquidation preference amount, and have a dividend history chart showing historical payments. The common shares (FRME) are currently down 1.3%.

First Merchants Corp's 7.50% Dep Shares Non-Cumulative Preferred Stock Series A (FRMEP) has seen its yield rise above 7.5% based on its quarterly dividend. This yield is notably higher than the average of 6.58% in the "Financial" preferred stock category [1]. The shares are currently trading at a 0.76% premium to their liquidation preference amount, and the dividend history chart reflects consistent historical payments.

The common shares (FRME) of First Merchants Corp have experienced a slight decline, falling by 1.3% [2]. Despite this, the company's preferred stock Series A continues to offer an attractive yield, making it a potential interest for income-focused investors.

The recent yield increase can be attributed to the company's strong dividend performance. The preferred stock Series A has an annualized dividend of $1.8752, which is yielding above 7.5% based on the current trading price. This yield is higher than the average yield of 6.58% in the "Financial" preferred stock category, indicating a favorable investment opportunity.

Investors should also consider the company's dividend history and liquidation preference. The dividend history chart shows consistent payments, indicating a reliable income stream. Additionally, the shares are trading at a premium to their liquidation preference amount, which can provide a level of security for investors.

However, it is essential to note that the common shares have experienced a slight decline, which may affect the overall investment. The common shares have fallen by 1.3%, which could impact the overall performance of the investment.

In conclusion, First Merchants Corp's preferred stock Series A offers an attractive yield above 7.5%, making it a potential interest for income-focused investors. The company's strong dividend performance and consistent dividend history provide a reliable income stream. However, investors should also consider the slight decline in the common shares and the overall market conditions.

References:
[1] https://proinvestor.com/investornyt/1352024/first-merchants-preferred-stock-series-a-shares-cross-75-yield-mark
[2] https://seekingalpha.com/news/4486223-first-merchants-declares-0_36-dividend