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First Mid Bancshares, Inc., a financial holding company, provides community banking products and services to commercial, retail, and agricultural customers in the United States. It accepts various deposit products, such as demand deposits, savings accounts, money market deposits, and time deposits. The company's loan products include commercial real estate, commercial and industrial, agricultural and agricultural real estate, residential real estate, and consumer loans; and other loans comprising loans to municipalities to support community projects, such as infrastructure improvements or equipment purchases. It also offers wealth management services, which include estate planning, investment, and farm management and brokerage services for individuals; and employee benefit services for business enterprises. In addition, the company provides property and casualty, senior insurance products, and group medical insurance for businesses; and personal lines insurance to individuals. It operates through a network of 52 banking centers in Illinois and 14 offices in Missouri, as well as a loan production office in Indiana. The company was formerly known as First Mid-Illinois Bancshares, Inc. and changed its name to First Mid Bancshares, Inc. in April 2019. First Mid Bancshares, Inc. was founded in 1865 and is headquartered in Mattoon, Illinois.

First Mid Bancshares Dividend Announcement

First Mid Bancshares announced a quarterly dividend of $0.24 per ordinary share which will be made payable on 2024-08-30. Ex dividend date: 2024-08-16
First Mid Bancshares annual dividend for 2024 was $0.70
First Mid Bancshares annual dividend for 2023 was $0.92
First Mid Bancshares's trailing twelve-month (TTM) dividend yield is 2.5%
First Mid Bancshares's payout ratio for the trailing twelve months (TTM) is 28.74%
First Mid Bancshares's dividend growth over the last five years (2018-2023) was 5.62% year
First Mid Bancshares's dividend growth over the last ten years (2013-2023) was 7.18% year

First Mid Bancshares Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-16$0.24quarterly2024-08-30
2024-05-14$0.23quarterly
2024-02-15$0.23quarterly2024-03-01
2023-11-22$0.23quarterly2023-12-01
2023-08-11$0.23quarterly2023-09-01
2023-05-16$0.23quarterly2023-06-01
2023-02-14$0.23quarterly2023-03-01
2022-11-16$0.23quarterly2022-12-01
2022-08-17$0.23quarterly2022-09-01
2022-05-17$0.22quarterly2022-06-01
2022-02-09$0.22quarterly2022-03-01
2021-11-16$0.22quarterly2021-12-01
2021-08-17$0.22quarterly2021-09-01
2021-05-17$0.20quarterly2021-06-01
2021-02-18$0.20quarterly2021-03-01
2020-11-30$0.41quarterly2020-12-15
2020-05-29$0.40quarterly2020-06-15
2019-11-27$0.40quarterly2019-12-13
2019-05-31$0.36quarterly2019-06-10
2018-11-06$0.36quarterly2018-11-14
2018-05-31$0.05quarterly2018-06-08
2018-04-20$0.29quarterly2018-04-30
2017-11-30$0.34quarterly2017-12-08
2017-05-30$0.32quarterly2017-06-08
2016-11-29$0.16quarterly2016-12-08
2016-08-31$0.16quarterly2016-09-07
2016-05-27$0.30quarterly2016-06-08
2015-11-23$0.30quarterly2015-12-07
2015-05-28$0.29quarterly2015-06-08
2014-11-25$0.29quarterly2014-12-08
2014-05-29$0.26quarterly2014-06-06
2013-11-26$0.25quarterly2013-12-06
2013-05-30$0.21quarterly2013-06-07

First Mid Bancshares Dividend per year

First Mid Bancshares Dividend growth

First Mid Bancshares Dividend Yield

First Mid Bancshares current trailing twelve-month (TTM) dividend yield is 2.5%. Interested in purchasing First Mid Bancshares stock? Use our calculator to estimate your expected dividend yield:

First Mid Bancshares Financial Ratios

P/E ratio12.09
PEG ratio0.55
P/B ratio1.09
ROE9.35%
Payout ratio28.74%
Current ratio0.17
Quick ratio1.02
Cash Ratio0.15

First Mid Bancshares Dividend FAQ

How much is the next First Mid Bancshares dividend?
First Mid Bancshares's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next First Mid Bancshares dividend. The next First Mid Bancshares dividend will be released in February, May, August, or November.
When is First Mid Bancshares dividend paid?
First Mid Bancshares pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does First Mid Bancshares pay?
The specific amount of First Mid Bancshares dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find First Mid Bancshares's dividend history.
Does First Mid Bancshares stock pay dividends?
Yes, First Mid Bancshares does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find First Mid Bancshares's dividend history.
How much dividend does First Mid Bancshares pay?
First Mid Bancshares paid $0.7 in 2024, $0.92 in 2023, $0.9 in 2022, $0.85 in 2021, and $0.81 in 2020.
How often does First Mid Bancshares pay dividends?
First Mid Bancshares typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is First Mid Bancshares's dividend yield?
The current dividend yield for First Mid Bancshares is 2.5%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate First Mid Bancshares's exact dividend yield.
When does First Mid Bancshares go ex dividend?
First Mid Bancshares's ex-dividend date for the latest dividend was on 2024-08-16. First Mid Bancshares typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next First Mid Bancshares dividend paid?
First Mid Bancshares pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will First Mid Bancshares increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether First Mid Bancshares will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is First Mid Bancshares dividend per share?
First Mid Bancshares paid $0.7 per share in 2024 and $0.92 per share in 2023. The amount of dividend per share that First Mid Bancshares pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is First Mid Bancshares a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is First Mid Bancshares a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is First Mid Bancshares a dividend stock?
Yes, First Mid Bancshares is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is First Mid Bancshares a good dividend stock?
Whether First Mid Bancshares is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. First Mid Bancshares has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating First Mid Bancshares as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does First Mid Bancshares pay dividends monthly?
First Mid Bancshares typically pays dividends on a quarterly basis.
Does First Mid Bancshares pay dividends quarterly?
First Mid Bancshares currently pays dividends on a quarterly basis.
Has First Mid Bancshares ever paid a dividend?
Yes, First Mid Bancshares has a history of paying dividends to its shareholders. First Mid Bancshares is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy First Mid Bancshares dividend stocks?
To buy First Mid Bancshares you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy First Mid Bancshares stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does First Mid Bancshares pay dividends 2024?
First Mid Bancshares pays dividends on a quarterly basis. 2024 dividend payments are in 2024-08-30. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will First Mid Bancshares increase its dividend in 2024?
Decisions regarding First Mid Bancshares dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date First Mid Bancshares dividend overview you can look into the above table of dividend history.
How First Mid Bancshares dividend works?
The First Mid Bancshares dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how First Mid Bancshares's dividend process works:

1. Determination of Dividend: First Mid Bancshares's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, First Mid Bancshares publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, First Mid Bancshares distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from First Mid Bancshares are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are First Mid Bancshares dividends paid?
First Mid Bancshares dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: First Mid Bancshares sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, First Mid Bancshares distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: First Mid Bancshares declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does First Mid Bancshares pay dividends?
First Mid Bancshares typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does First Mid Bancshares pay dividends?
The general pattern is that First Mid Bancshares pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is First Mid Bancshares dividend safe?
The safety of First Mid Bancshares's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of First Mid Bancshares's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review First Mid Bancshares's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.