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

Rhea-AI Summary

Midland States Bancorp (NASDAQ: MSBI) has announced its latest dividend declarations. The company's Board of Directors approved a quarterly cash dividend of $0.31 per share of common stock, payable on November 25, 2024, to shareholders of record as of November 18, 2024. Additionally, a cash dividend of $0.4844 per depository share was declared on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, payable on December 30, 2024, to stockholders of record as of December 16, 2024.

Positive

• Consistent dividend payment demonstrates financial stability
• Maintains dividend payments for both common and preferred stockholders

Negative

• None.

News Market Reaction

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-0.04% News Effect

On the day this news was published, MSBI declined 0.04%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

EFFINGHAM, Ill., Nov. 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 November 25, 2024 to all shareholders of record as of the close of business on November 18, 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 December 30, 2024 to stockholders of record as of December 16, 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 September 30, 2024, the Company had total assets of approximately $7.75 billion, and its Wealth Management Group had assets under administration of approximately $4.27 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

What is Midland States Bancorp's (MSBI) common stock dividend amount for Q4 2024?

Midland States Bancorp's common stock dividend for Q4 2024 is $0.31 per share.

When is MSBI's Q4 2024 common stock dividend payment date?

The common stock dividend will be paid on November 25, 2024, to shareholders of record as of November 18, 2024.

What is MSBI's preferred stock dividend amount for Q4 2024?

The preferred stock dividend is $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A.

When will MSBI pay its preferred stock dividend for Q4 2024?

The preferred stock dividend will be paid on December 30, 2024, to stockholders of record as of December 16, 2024.