MSBIP declares a $0.4844 per share dividend, yielding 7.65%, with payment set for September 30.
Midland States Bancorp’s 7.75% Series A preferred shares (MSBIP) will distribute a $0.4844 per share quarterly dividend. The payout reflects a forward yield of 7.65%, aligning with the security’s stated rate.
The dividend is payable on September 30 to shareholders of record as of September 15, with an ex-dividend date also on September 15. The preferred shares, representing 1/40th of a perpetual preferred share, maintain a fixed distribution rate.
No immediate market reaction was disclosed following the announcement.