8-KAccepted Aug 21, 10:31 AM ET
MainStreet Bancshares Declares Quarterly Preferred Stock Dividend
Accepted (ET)
10:31 AM
Aug 21, 2026
Filed
Aug 21, 2026
Documents
13
Size
191.4 KB
Summary
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.