Midland States Bancorp, Inc. Increases Quarterly Cash Dividend 10.3% to $0.2675 Per Share
February 04 2020 - 4:30PM
Midland States Bancorp, Inc. (NASDAQ: MSBI) announced today that
its Board of Directors declared a quarterly cash dividend of
$0.2675 per share, which represents an increase of 10.3% from the
prior quarterly cash dividend of $0.2425 per share. The
dividend is payable on or about February 21, 2020 to all
shareholders of record as of the close of business on February 14,
2020.
“We are pleased to continue our long track record of increasing
our cash dividend by at least 10% annually,” said Jeffrey G.
Ludwig, President and Chief Executive Officer of the Company.
“Our strong financial performance enables us to return an
increasing amount of capital to our shareholders, while maintaining
strong capital ratios to support the continued growth of our
franchise.”
About Midland States Bancorp, Inc.
Midland States Bancorp, Inc. is a community-based financial
holding company headquartered in Effingham, Illinois, and is the
sole shareholder of Midland States Bank. As of December 31, 2019,
the Company had total assets of approximately $6.08 billion, and
its Wealth Management Group had assets under administration of
approximately $3.41 billion. Midland provides a full range of
commercial and consumer banking products and services, business
equipment financing, merchant credit card services, trust and
investment management, and insurance and financial planning
services. In addition, multi-family and healthcare facility FHA
financing is provided through Love Funding, Midland’s non-bank
subsidiary. For additional information, visit
https://www.midlandsb.com/ or follow Midland on LinkedIn at
https://www.linkedin.com/company/midland-states-bank.
CONTACTS:Douglas J. Tucker, Sr. V.P., Corporate
Counsel, at dtucker@midlandsb.com or (217) 342-7321
Midland States Bancorp (NASDAQ:MSBI)
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