Midland States Bancorp (MSBI) Raises Quarterly Dividend 10.3% to $0.2675; 4% Yield

Midland States Bancorp (NASDAQ: MSBI) declared a quarterly dividend of $0.2675 per share, or $1.07 annualized. This is a 10.3% increase from the prior dividend of $0.2425.

The dividend will be payable on February 21, 2020, to stockholders of record on February 14, 2020, with an ex-dividend date of February 13, 2020.

The annual yield on the dividend is 4 percent.

“We are pleased to continue our long track record of increasing our cash dividend by at least 10% annually,” said Jeffrey G. Ludwig, President and Chief Executive Officer of the Company. “Our strong financial performance enables us to return an increasing amount of capital to our shareholders, while maintaining strong capital ratios to support the continued growth of our franchise.”

For a dividend history and other dividend-related data on Midland States Bancorp (MSBI) click here.

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