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First Merchants Corp. ups dividend by 4 cents


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First Merchants Corp. ups dividend by 4 cents

First Merchants Corp. approved a quarterly cash dividend of 22 cents per common share, up from the previous payout of 18 cents per share.

The dividend will be distributed June 15 to the Muncie, Ind.-based company's shareholders of record as of June 1.

First Merchants Corp. is the holding company of First Merchants Bank.