MainStreet Bancshares Declares Quarterly Preferred Stock Dividend

What Happened MainStreet Bancshares, Inc. announced on August 21, 2026, that its Board declared a quarterly cash dividend on the company’s 7.50% Series A Fixed‑Rate Non‑Cumulative Perpetual Preferred Stock. The dividend is payable September 30, 2026, to holders of record as of the close of business on September 15, 2026.

Key Details

• Dividend amount: Approximately $0.47 per Depositary Share, which equals $18.75 per share of Series A Preferred Stock outstanding.
• Security structure: The Company issued 1,150,000 depositary shares in Sept. 2020; each depositary share represents a 1/40th interest in one Series A Preferred share. Liquidation preference is $1,000 per Series A Preferred share (equivalent to $25 per Depositary Share), total aggregate liquidation preference $28,750,000.
• Payable/Record dates: Payable Sept. 30, 2026; record date Sept. 15, 2026. Future dividends, when declared, will be payable quarterly on March 30, June 30, Sept. 30 and Dec. 30.
• Trading symbol: The Depositary Shares trade on Nasdaq under the ticker “MNSBP.”

Why It Matters This filing confirms a scheduled cash payment to holders of MainStreet’s Series A preferred depositary shares, providing predictable income to those investors. Because the preferred is fixed‑rate (7.50%) and non‑cumulative, timely declaration and payment are important for preferred shareholders’ income but do not imply accumulation of unpaid dividends if a future dividend is not declared. The depositary share structure means retail investors holding MNSBP receive the stated per‑depositary‑share payout (about $0.47) on the stated payment date.