First Merchants's Preferred Stock Series A Shares Cross 8% Yield Mark

In trading on Thursday, shares of First Merchants Corp's 7.50% Dep Shares Non-Cumulative Preferred Stock Series A (Symbol: FRMEP) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.8752), with shares changing hands as low as $21.64 on the day. https://www.nasdaq.com/articles/first-merchantss-preferred-stock-series-a-shares-cross-8-yield-mark