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ASX:ORN 10 February 2026

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  • First Merchants' Series A Preferred Stock Yield Surpasses 7.5% Mark
    May 14, 2026, 4:02 PM EDT. Shares of First Merchants Corp's 7.50% Series A non-cumulative preferred stock (symbol: FRMEP) traded above a 7.5% yield on Monday, at a price as low as $24.92. This yield exceeds the financial sector preferred stock average of 6.58%, according to Preferred Stock Channel. The stock traded at a 1.40% premium to its liquidation preference, contrasting with the financial category's average discount near 8.87%. Investors should note the non-cumulative nature of these shares, meaning missed dividends don't accumulate. FRMEP shares fell 1.4% during Monday trading, while common shares (FRME) declined 3.4%.

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