Midland States Bancorp, Inc. operates as a financial holding company for Midland States Bank that provides various banking products and services to individuals, businesses, municipalities, and other entities. It operates through Banking, Wealth Management, and Other segments. The company accepts various deposits, such as checking, savings, money market, and sweep accounts, as well as certificates of deposits. It also offers term loans to purchase capital equipment; lines of credit for working capital and operational purposes; commercial real estate loans for owner occupied and non-owner occupied commercial property, as well as farmland loans; construction and land development loans developers of commercial real estate investment properties, residential developments, individual clients for construction of single family homes, as well as to construct owner-user properties; and residential real estate loans and home equity lines of credit.. In addition, the company provides consumer installment loans for the purchase of cars, boats, and other recreational vehicles, as well as for the purchase of major appliances and other home improvement projects; commercial equipment leasing; and trust and wealth management products and services, including financial and estate planning, trustee and custodial services, investment management, tax and insurance planning, business planning, corporate retirement plan consulting and administration, and retail brokerage services. As of December 31, 2021, it operated 52 full-service banking offices. The company was founded in 1881 and is headquartered in Effingham, Illinois.
Midland States Bancorp Dividend Announcement
• Midland States Bancorp announced a quarterly dividend of $0.31 per ordinary share which will be made payable on 2024-11-25. Ex dividend date: 2024-11-18
• Midland States Bancorp annual dividend for 2024 was $1.24
• Midland States Bancorp annual dividend for 2023 was $1.20
• Midland States Bancorp's trailing twelve-month (TTM) dividend yield is 4.66%
• Midland States Bancorp's payout ratio for the trailing twelve months (TTM) is 67.24%
• Midland States Bancorp's dividend growth over the last five years (2018-2023) was 6.40% year
Midland States Bancorp Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-18 | $0.31 | quarterly | 2024-11-25 |
| 2024-08-16 | $0.31 | quarterly | 2024-08-23 |
| 2024-05-16 | $0.31 | quarterly | 2024-05-24 |
| 2024-02-15 | $0.31 | quarterly | 2024-02-23 |
| 2023-11-16 | $0.30 | quarterly | 2023-11-24 |
| 2023-08-10 | $0.30 | quarterly | 2023-08-18 |
| 2023-05-11 | $0.30 | quarterly | 2023-05-19 |
| 2023-02-16 | $0.30 | quarterly | 2023-02-24 |
| 2022-11-10 | $0.29 | quarterly | 2022-11-21 |
| 2022-08-18 | $0.29 | quarterly | 2022-08-26 |
| 2022-05-12 | $0.29 | quarterly | 2022-05-23 |
| 2022-02-10 | $0.29 | quarterly | 2022-02-18 |
| 2021-11-19 | $0.28 | quarterly | 2021-11-29 |
| 2021-08-12 | $0.28 | quarterly | 2021-08-20 |
| 2021-05-13 | $0.28 | quarterly | 2021-05-21 |
| 2021-02-11 | $0.28 | quarterly | 2021-02-19 |
| 2020-11-19 | $0.27 | quarterly | 2020-11-30 |
| 2020-08-13 | $0.27 | quarterly | 2020-08-21 |
| 2020-05-14 | $0.27 | quarterly | 2020-05-22 |
| 2020-02-13 | $0.27 | quarterly | 2020-02-21 |
| 2019-11-15 | $0.24 | quarterly | 2019-11-25 |
| 2019-08-15 | $0.24 | quarterly | 2019-08-23 |
| 2019-05-10 | $0.24 | quarterly | 2019-05-20 |
| 2019-02-14 | $0.24 | quarterly | 2019-02-22 |
| 2018-11-16 | $0.22 | quarterly | 2018-11-26 |
| 2018-08-16 | $0.22 | quarterly | 2018-08-24 |
| 2018-05-17 | $0.22 | quarterly | 2018-05-25 |
| 2018-02-15 | $0.22 | quarterly | 2018-02-23 |
| 2017-11-16 | $0.20 | quarterly | 2017-11-24 |
| 2017-08-16 | $0.20 | quarterly | 2017-08-25 |
| 2017-05-10 | $0.20 | quarterly | 2017-05-19 |
| 2017-02-15 | $0.20 | quarterly | 2017-02-24 |
| 2016-11-16 | $0.18 | quarterly | 2016-11-28 |
| 2016-08-10 | $0.18 | quarterly | 2016-08-19 |
Midland States Bancorp Dividend per year
Midland States Bancorp Dividend growth
Midland States Bancorp Dividend Yield
Midland States Bancorp current trailing twelve-month (TTM) dividend yield is 4.66%. Interested in purchasing Midland States Bancorp stock? Use our calculator to estimate your expected dividend yield:
Midland States Bancorp Financial Ratios
P/E ratio10.85
PEG ratio0.42
P/B ratio0.71
ROE6.68%
Payout ratio67.24%
Current ratio15.12
Quick ratio15.12
Cash Ratio1.03
Midland States Bancorp Dividend FAQ
How much is the next Midland States Bancorp dividend?
Midland States Bancorp's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Midland States Bancorp dividend. The next Midland States Bancorp dividend will be released in February, May, August, or November.
When is Midland States Bancorp dividend paid?
Midland States Bancorp 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 Midland States Bancorp pay?
The specific amount of Midland States Bancorp 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 Midland States Bancorp's dividend history.
Does Midland States Bancorp stock pay dividends?
Yes, Midland States Bancorp 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 Midland States Bancorp's dividend history.
How much dividend does Midland States Bancorp pay?
Midland States Bancorp paid $1.24 in 2024, $1.2 in 2023, $1.16 in 2022, $1.12 in 2021, and $1.07 in 2020.
How often does Midland States Bancorp pay dividends?
Midland States Bancorp 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 Midland States Bancorp's dividend yield?
The current dividend yield for Midland States Bancorp is 4.66%. 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 Midland States Bancorp's exact dividend yield.
When does Midland States Bancorp go ex dividend?
Midland States Bancorp's ex-dividend date for the latest dividend was on 2024-11-18. Midland States Bancorp 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 Midland States Bancorp dividend paid?
Midland States Bancorp pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Midland States Bancorp 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 Midland States Bancorp 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 Midland States Bancorp dividend per share?
Midland States Bancorp paid $1.24 per share in 2024 and $1.2 per share in 2023. The amount of dividend per share that Midland States Bancorp 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 Midland States Bancorp 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 Midland States Bancorp 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 Midland States Bancorp a dividend stock?
Yes, Midland States Bancorp is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Midland States Bancorp a good dividend stock?
Whether Midland States Bancorp is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Midland States Bancorp has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Midland States Bancorp 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.
Other factors to consider when evaluating Midland States Bancorp 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 Midland States Bancorp pay dividends monthly?
Midland States Bancorp typically pays dividends on a quarterly basis.
Does Midland States Bancorp pay dividends quarterly?
Midland States Bancorp currently pays dividends on a quarterly basis.
Has Midland States Bancorp ever paid a dividend?
Yes, Midland States Bancorp has a history of paying dividends to its shareholders. Midland States Bancorp is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Midland States Bancorp dividend stocks?
To buy Midland States Bancorp 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 Midland States Bancorp 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.
Place an order: Use the brokerage's trading platform to place an order to buy Midland States Bancorp 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 Midland States Bancorp pay dividends 2024?
Midland States Bancorp pays dividends on a quarterly basis. 2024 dividend payments are in 2024-11-25. 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 Midland States Bancorp increase its dividend in 2024?
Decisions regarding Midland States Bancorp 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 Midland States Bancorp dividend overview you can look into the above table of dividend history.
How Midland States Bancorp dividend works?
The Midland States Bancorp 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 Midland States Bancorp's dividend process works:
1. Determination of Dividend: Midland States Bancorp'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, Midland States Bancorp 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, Midland States Bancorp 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 Midland States Bancorp 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. Determination of Dividend: Midland States Bancorp'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, Midland States Bancorp 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, Midland States Bancorp 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 Midland States Bancorp 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 Midland States Bancorp dividends paid?
Midland States Bancorp dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Midland States Bancorp 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, Midland States Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Midland States Bancorp 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.
1. Record Date: Midland States Bancorp 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, Midland States Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Midland States Bancorp 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 Midland States Bancorp pay dividends?
Midland States Bancorp 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 Midland States Bancorp pay dividends?
The general pattern is that Midland States Bancorp 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 Midland States Bancorp dividend safe?
The safety of Midland States Bancorp'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 Midland States Bancorp'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 Midland States Bancorp'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.
To assess the safety of Midland States Bancorp'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 Midland States Bancorp'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.