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

(Neutral)

Rhea-AI Summary

Midland States Bancorp (NASDAQ: MSBI) has declared a quarterly cash dividend of $0.28 per share, payable on or about August 20, 2021. Shareholders of record as of the close of business on August 13, 2021 will receive this dividend. As of June 30, 2021, the company reported total assets of approximately $6.63 billion and assets under administration in its Wealth Management Group of approximately $4.08 billion. Midland offers a comprehensive range of banking and financial services.

Positive

Quarterly cash dividend of $0.28 per share announced.
Total assets of approximately $6.63 billion as of June 30, 2021.
Wealth Management Group assets under administration at approximately $4.08 billion.

Negative

None.

News Market Reaction – MSBI

+0.48%

+0.48% Session move

In the trading session that priced this news, MSBI gained 0.48%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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08/04/2021 - 04:05 PM

EFFINGHAM, Ill., Aug. 04, 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 August 20, 2021 to all shareholders of record as of the close of business on August 13, 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 June 30, 2021, the Company had total assets of approximately $6.63 billion, and its Wealth Management Group had assets under administration of approximately $4.08 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?

Midland States Bancorp declared a quarterly cash dividend of $0.28 per share.

When is the dividend payment date for MSBI?

The dividend is payable on or about August 20, 2021.

Who is eligible to receive the dividend from MSBI?

Shareholders of record as of the close of business on August 13, 2021, are eligible.

What are the total assets of Midland States Bancorp?

As of June 30, 2021, Midland States Bancorp reported total assets of approximately $6.63 billion.

How much does Midland States Bancorp manage in its Wealth Management Group?

The Wealth Management Group has approximately $4.08 billion in assets under administration.