First Mid Bancshares increases its quarterly dividend to $0.26, marking a 4% rise from the previous $0.25 payout.
First Mid Bancshares announced a 4% increase in its quarterly dividend to $0.26 per share, up from $0.25. The move reflects the company’s confidence in sustained earnings growth and capital position.
The new dividend yields 2.13% on a forward basis. The payout is scheduled for September 1, with an ex-dividend date and record date set for August 18. The prior dividend was declared at $0.25 in the previous quarter.
No immediate market reaction was disclosed in the announcement.