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 $0.30 per share of its common stock and a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividends will be payable on August 18, 2023, and October 2, 2023, respectively, to shareholders of record as of August 11, 2023, and September 15, 2023. This announcement highlights the company's commitment to rewarding its shareholders and providing consistent returns on investment.

Positive

• The declaration of quarterly cash dividends indicates the company's financial stability and commitment to shareholder value.

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• None.

EFFINGHAM, Ill., Aug. 01, 2023 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.30 per share of its common stock. The dividend is payable on August 18, 2023 to all shareholders of record as of the close of business on August 11, 2023.

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 October 2, 2023 to stockholders of record as of September 15, 2023.

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, 2023, the Company had total assets of approximately $8.03 billion, and its Wealth Management Group had assets under administration of approximately $3.59 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 the dividend amount declared for Midland States Bancorp, Inc. common stock?

Midland States Bancorp, Inc. declared a quarterly cash dividend of $0.30 per share of its common stock.

When will the dividends be payable for Midland States Bancorp, Inc. common stock?

The dividend will be payable on August 18, 2023, to shareholders of record as of August 11, 2023.

What is the dividend amount declared for Midland States Bancorp, Inc. 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A?

Midland States Bancorp, Inc. declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A.

When will the dividends be payable for Midland States Bancorp, Inc. 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A?

The dividend will be payable on October 2, 2023, to stockholders of record as of September 15, 2023.