Midland States Bancorp, Inc. Declares Quarterly Cash Dividend of $0.28 Per Share

Rhea-AI Summary

Midland States Bancorp (NASDAQ: MSBI) has declared a quarterly cash dividend of $0.28 per share. This dividend is set to be paid on or about November 29, 2021, to shareholders who are on record as of the close of business on November 22, 2021. The company reported approximately $7.09 billion in total assets and $4.06 billion in assets under administration for its Wealth Management Group as of September 30, 2021.

Positive

• Quarterly cash dividend of $0.28 per share announced.
• Company has total assets of approximately $7.09 billion.
• Wealth Management Group's assets under administration are around $4.06 billion.

Negative

• None.

News Market Reaction – MSBI

-3.15%

-3.15% Session move

In the trading session that priced this news, MSBI declined 3.15%, reflecting a moderate negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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EFFINGHAM, Ill., Nov. 01, 2021 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.28 per share. The dividend is payable on or about November 29, 2021 to all shareholders of record as of the close of business on November 22, 2021.

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, 2021, the Company had total assets of approximately $7.09 billion, and its Wealth Management Group had assets under administration of approximately $4.06 billion. Midland 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 the dividend amount declared by Midland States Bancorp (MSBI)?

The dividend amount declared is $0.28 per share.

When will the dividend be paid to shareholders of Midland States Bancorp (MSBI)?

The dividend is payable on or about November 29, 2021.

What is the record date for the dividend of Midland States Bancorp (MSBI)?

The record date for the dividend is November 22, 2021.