Midland States Bancorp, Inc. 8-K
Research Summary
AI-generated summary
Midland States Bancorp Declares Quarterly Cash Dividends
What Happened
Midland States Bancorp, Inc. filed an 8-K on February 3, 2026, announcing that its Board of Directors declared quarterly cash dividends. The Board approved a $0.32 per share dividend on common stock payable February 20, 2026 to holders of record as of the close of business on February 13, 2026. The Board also declared a $0.4844 per depositary share dividend on its 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A, payable March 30, 2026 to holders of record as of March 16, 2026.
Key Details
- Common stock dividend: $0.32 per share; payable Feb 20, 2026; record date Feb 13, 2026.
- Preferred (Series A) dividend: $0.4844 per depositary share on the 7.75% Fixed-Rate Reset Non-Cumulative Perpetual Preferred Stock, Series A; payable Mar 30, 2026; record date Mar 16, 2026.
- Announcement filed in Form 8-K on Feb 3, 2026; press release included as Exhibit 99.1.
Why It Matters
Dividends provide cash income to shareholders and are a direct return of value; the announced amounts and dates let investors plan for expected cash payments or assess yield. Income-focused investors holding Midland common or Series A preferred depositary shares should note the payment and record dates to determine eligibility. The filing itself is a routine corporate action (a Board-declared dividend) and does not, by itself, change the company’s reported financial results.