First Merchants' Preferred Stock Series A Crosses Above 7.5% Yield Territory

In trading on Monday, shares of First Merchants Corp's 7.50% Dep Shares Non-Cumulative Preferred Stock Series A (Symbol: FRMEP) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $1.8752), with shares changing hands as low as $24.97 on the day. T https://www.nasdaq.com/articles/first-merchants-preferred-stock-series-a-crosses-above-7.5-yield-territory