Midland States Bancorp, Inc. Declares Quarterly Dividends

Author: Kelly Martin Updated: 02-04-2025 04:32 PM

Midland States Bancorp, Inc. Declares Quarterly Cash Dividend

Midland States Bancorp, Inc. (NASDAQ: MSBI) recently announced a quarterly cash dividend of $0.31 per share for its common stock. This dividend is significant as it highlights the company’s commitment to delivering value to its shareholders. The payment will be available to shareholders of record on a specific date, creating a remarkable opportunity for investors looking to receive regular income from their investments.

Details of the Preferred Stock Dividend

In addition to the common stock dividend, Midland States Bancorp has declared a cash dividend of $0.4844 per depository share on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A. This reinforces the bank’s solid financial standing and provides consistent returns for investors holding preferred shares. The preferred stock dividend is set to be paid out to stockholders of record on a predetermined date, which reflects the company’s robust dividend policy.

The Financial Strength of Midland States Bancorp

Midland States Bancorp, Inc. has established itself as a community-based financial institution that prioritizes strong customer relationships and efficient banking services. As of the last financial report, the company’s total assets reached approximately $7.53 billion, showcasing its solid foothold in the financial market. The Wealth Management Group also marked substantial growth with $4.15 billion in assets under administration, a clear indicator of the firm’s commitment to client success.

Services Offered by Midland States Bancorp

The financial institution offers a comprehensive suite of banking solutions that cater to both individual and corporate needs. These include a wide range of commercial and consumer banking products ranging from loans to investment services. Additionally, the company provides business equipment financing, merchant credit card services, trust and investment management, and insurance and financial planning services to its clients.

Community Focus and Commitment

Midland States Bancorp is also deeply committed to serving its community by participating in various community initiatives and programs that foster growth and development. This commitment not only enhances the company's reputation but also strengthens customer loyalty and trust. With a rich history and a focus on community banking, Midland States Bancorp continues to align its corporate goals with the best interests of its customer base.

In Conclusion

With the recently declared dividends and a steady financial outlook, Midland States Bancorp, Inc. stands strong in the banking sector. Investors can look forward to the dividends while being assured of the company’s focus on sustainable growth and community engagement. Whether you are an individual looking for reliable banking solutions or an investor seeking steady returns, Midland States Bancorp offers a solid opportunity for both.

Frequently Asked Questions

What is the amount declared for the common stock dividend?

The common stock dividend declared is $0.31 per share.

When will the dividend for preferred stock be paid?

The cash dividend for preferred stock will be paid on a specific date to stockholders of record.

What types of services does Midland States Bancorp offer?

They offer commercial and consumer banking products, business financing, investment management, and insurance services.

How much total assets does Midland States Bancorp hold?

The company holds approximately $7.53 billion in total assets.

What is the significance of the dividends declared?

The declared dividends reflect the company’s commitment to providing value to its shareholders and indicating overall financial strength.

About The Author

Hello Kelly Martin here, a financial and publicly traded company specialist committed to writing with clarity and sage advice. Having a wealth of experience and a thorough grasp of corporate dynamics and the financial environment, my main goal in writing blog posts and articles is to provide insightful analysis together with useful guidance. My objective is to arm readers with the information they need to comprehend the complexities of publicly traded companies and make wise financial decisions.

Writing for several financial blogs has let me interact with a wide range of readers, from novice investors to seasoned pros looking for fresh perspectives. My goal is to make corporate analysis and finance understandable and interesting so you may confidently negotiate the intricacies of the financial world. I appreciate you traveling with me toward success and financial literacy.

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