Midland States Bancorp, Inc. Increases Common Stock Cash Dividend to $0.33 Per Share and Declares Preferred Stock Dividend

manilatimes.net · 2026-08-04

EFFINGHAM, Ill., Aug. 04, 2026 (GLOBE NEWSWIRE) -- Midland States Bancorp, Inc. (Nasdaq: MSBI) announced today that its Board of Directors declared a quarterly cash dividend of $0.33 per share of its common stock, an increase of 3.1% from the previous quarterly cash dividend of $0.32 per share. The dividend is payable on August 21, 2026 to all shareholders of record as of the close of business on August 14, 2026.

TickrTrends take: Midland States Bancorp increased its common stock cash dividend per share, signaling confidence in cash generation capabilities despite current overvaluation concerns in TickrTrends' assessment. For investors focused on valuation metrics, this dividend increase warrants examination of whether the payout ratio remains sustainable relative to earnings, particularly given the overvalued rating in the Financial Services sector. The dividend decision should be contextualized against the company's recent earnings trends and capital position to determine if the raise reflects genuine operational strength or represents management confidence that may not align with current market pricing.

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