Midland States Bancorp, Inc. Announces Common Stock and Preferred Stock Dividends

Rhea-AI Summary

Midland States Bancorp, Inc. (NASDAQ: MSBI) declared a quarterly cash dividend of $0.31 per share for common stock and $0.4844 per depository share for preferred stock. The dividends are payable in May and July 2024, respectively.

EFFINGHAM, Ill., May 07, 2024 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.31 per share of its common stock. The dividend is payable on May 24, 2024 to all shareholders of record as of the close of business on May 17, 2024.

The Board of Directors also declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on July 1, 2024 to stockholders of record as of June 17, 2024.

About Midland States Bancorp, Inc.

Midland States Bancorp, Inc. is a community-based financial holding company headquartered in Effingham, Illinois, and is the sole shareholder of Midland States Bank. As of March 31, 2024, the Company had total assets of approximately $7.83 billion, and its Wealth Management Group had assets under administration of approximately $3.89 billion. The Company provides a full range of commercial and consumer banking products and services and business equipment financing, merchant credit card services, trust and investment management, insurance and financial planning services. For additional information, visit https://www.midlandsb.com/ or https://www.linkedin.com/company/midland-states-bank.

CONTACTS:
Douglas J. Tucker, Sr. V.P., Corporate Counsel, at dtucker@midlandsb.com or (217) 342-7321

FAQ

When is the quarterly cash dividend payable for Midland States Bancorp, Inc. common stock?

The quarterly cash dividend for Midland States Bancorp, Inc. common stock is payable on May 24, 2024.

What is the amount of the cash dividend for Midland States Bancorp, Inc. preferred stock?

The cash dividend for Midland States Bancorp, Inc. preferred stock is $0.4844 per depository share.

What is the stock symbol for Midland States Bancorp, Inc.?

The stock symbol for Midland States Bancorp, Inc. is NASDAQ: MSBI.

When is the dividend payable for Midland States Bancorp, Inc. preferred stock?

The dividend for Midland States Bancorp, Inc. preferred stock is payable on July 1, 2024.