FIRST BUSEY CORP /NV/ 8-K
Research Summary
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First Busey Corp Declares $0.515625 Quarterly Preferred Dividend
What Happened First Busey Corporation (BUSE) announced in a Form 8‑K filed May 5, 2026 that it declared a quarterly cash dividend of $0.515625 per depositary share on its 8.25% Fixed‑Rate Series B Non‑Cumulative Perpetual Preferred Stock. The dividend is payable June 1, 2026 to holders of record as of May 15, 2026.
Key Details
- Dividend amount: $0.515625 per depositary share (quarterly).
- Security: 8.25% Fixed‑Rate Series B Non‑Cumulative Perpetual Preferred Stock (depositary shares).
- Record date: May 15, 2026; Payment date: June 1, 2026.
- Filing: Form 8‑K filed May 5, 2026; report signed by CFO Christopher H.M. Chan.
Why It Matters This is a routine cash distribution to holders of the Series B preferred depositary shares and indicates the company is continuing scheduled payments on its preferred securities. Preferred dividends are generally prioritized over common stock dividends, so this affects income-focused preferred shareholders rather than common stock performance. The filing provides the official record of the declaration, record date and payment date investors need to capture the payout.
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