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

Rhea-AI Summary

Midland States Bancorp, Inc. (NASDAQ: MSBI) has announced a quarterly cash dividend of $0.30 per share of its common stock. The dividend will be payable on November 24, 2023, to shareholders of record as of November 17, 2023. Additionally, a cash dividend of $0.4844 per depository share has been declared on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. The dividend will be payable on January 2, 2024, to stockholders of record as of December 15, 2023.

EFFINGHAM, Ill., Nov. 06, 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 November 24, 2023 to all shareholders of record as of the close of business on November 17, 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 January 2, 2024 to stockholders of record as of December 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 September 30, 2023, the Company had total assets of approximately $7.98 billion, and its Wealth Management Group had assets under administration of approximately $3.50 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 announced by Midland States Bancorp, Inc.?

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

When will the dividend be payable?

The dividend will be payable on November 24, 2023, to shareholders of record as of November 17, 2023.

What is the dividend declared on the preferred stock?

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

When will the dividend on the preferred stock be payable?

The dividend on the preferred stock will be payable on January 2, 2024, to stockholders of record as of December 15, 2023.