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 2024-11-29. Ex dividend date: 2024-11-14
• First Mid Bancshares annual dividend for 2024 was $0.94
• First Mid Bancshares annual dividend for 2023 was $0.92
• First Mid Bancshares's trailing twelve-month (TTM) dividend yield is 2.3%
• First Mid Bancshares's payout ratio for the trailing twelve months (TTM) is 28.43%
• 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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-14 | $0.24 | quarterly | 2024-11-29 |
2024-08-16 | $0.24 | quarterly | 2024-08-30 |
2024-05-14 | $0.23 | quarterly | 2024-05-31 |
2024-02-15 | $0.23 | quarterly | 2024-03-01 |
2023-11-22 | $0.23 | quarterly | 2023-12-01 |
2023-08-11 | $0.23 | quarterly | 2023-09-01 |
2023-05-16 | $0.23 | quarterly | 2023-06-01 |
2023-02-14 | $0.23 | quarterly | 2023-03-01 |
2022-11-16 | $0.23 | quarterly | 2022-12-01 |
2022-08-17 | $0.23 | quarterly | 2022-09-01 |
2022-05-17 | $0.22 | quarterly | 2022-06-01 |
2022-02-09 | $0.22 | quarterly | 2022-03-01 |
2021-11-16 | $0.22 | quarterly | 2021-12-01 |
2021-08-17 | $0.22 | quarterly | 2021-09-01 |
2021-05-17 | $0.20 | quarterly | 2021-06-01 |
2021-02-18 | $0.20 | quarterly | 2021-03-01 |
2020-11-30 | $0.41 | quarterly | 2020-12-15 |
2020-05-29 | $0.40 | quarterly | 2020-06-15 |
2019-11-27 | $0.40 | quarterly | 2019-12-13 |
2019-05-31 | $0.36 | quarterly | 2019-06-10 |
2018-11-06 | $0.36 | quarterly | 2018-11-14 |
2018-05-31 | $0.05 | quarterly | 2018-06-08 |
2018-04-20 | $0.29 | quarterly | 2018-04-30 |
2017-11-30 | $0.34 | quarterly | 2017-12-08 |
2017-05-30 | $0.32 | quarterly | 2017-06-08 |
2016-11-29 | $0.16 | quarterly | 2016-12-08 |
2016-08-31 | $0.16 | quarterly | 2016-09-07 |
2016-05-27 | $0.30 | quarterly | 2016-06-08 |
2015-11-23 | $0.30 | quarterly | 2015-12-07 |
2015-05-28 | $0.29 | quarterly | 2015-06-08 |
2014-11-25 | $0.29 | quarterly | 2014-12-08 |
2014-05-29 | $0.26 | quarterly | 2014-06-06 |
2013-11-26 | $0.25 | quarterly | 2013-12-06 |
2013-05-30 | $0.21 | quarterly | 2013-06-07 |
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 2.3%. Interested in purchasing First Mid Bancshares stock? Use our calculator to estimate your expected dividend yield:
First Mid Bancshares Financial Ratios
First Mid Bancshares Dividend FAQ
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.
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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.
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.
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.