Midland States Bancorp's last quarterly dividend was on Feb 16, 2023 (ex-date) with a distribution of $0.3 per share. On an annualized basis, the company has a current payout of $1.17 per share. This brings the dividend yield to 5.34% based on its recent close price. The latest dividend has increased by $0.01, or 3.4% from the prior dividend.
MSBI has a dividend yield of 5.34% which is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 3.32%, Midland States Bancorp's dividend yield is 61% higher. The historical 5-year average of MSBI's dividend yield is 4.3%, which is below the current yield.
Midland States Bancorp has been paying dividends since 2016. MSBI has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 3.5% for the last twelve months. And with the stock price down by 27% from a year ago, the dividend yield has increased by 41%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 16, 2023 | Feb 24, 2023 | Feb 7, 2023 | $0.3 | normal |
| Nov 10, 2022 | Nov 21, 2022 | Oct 31, 2022 | $0.29 | normal |
| Aug 18, 2022 | Aug 26, 2022 | Aug 9, 2022 | $0.29 | normal |
| May 12, 2022 | May 23, 2022 | May 3, 2022 | $0.29 | normal |
| Feb 10, 2022 | Feb 18, 2022 | Feb 1, 2022 | $0.29 | normal |
| Nov 19, 2021 | Nov 29, 2021 | Nov 1, 2021 | $0.28 | normal |
| Aug 12, 2021 | Aug 20, 2021 | Aug 4, 2021 | $0.28 | normal |
| May 13, 2021 | May 21, 2021 | May 4, 2021 | $0.28 | normal |
| Feb 11, 2021 | Feb 19, 2021 | Feb 2, 2021 | $0.28 | normal |
| Nov 19, 2020 | Nov 30, 2020 | Nov 5, 2020 | $0.268 | normal |
| Aug 13, 2020 | Aug 21, 2020 | Aug 4, 2020 | $0.268 | normal |
| May 14, 2020 | May 22, 2020 | May 5, 2020 | $0.268 | normal |
| Feb 13, 2020 | Feb 21, 2020 | Feb 4, 2020 | $0.268 | normal |
| Nov 15, 2019 | Nov 25, 2019 | Nov 7, 2019 | $0.243 | normal |
| Aug 15, 2019 | Aug 23, 2019 | Aug 6, 2019 | $0.243 | normal |
| May 10, 2019 | May 20, 2019 | May 3, 2019 | $0.243 | normal |
| Feb 14, 2019 | Feb 22, 2019 | Feb 5, 2019 | $0.243 | normal |
| Nov 16, 2018 | Nov 26, 2018 | Nov 8, 2018 | $0.22 | normal |
| Aug 16, 2018 | Aug 24, 2018 | Aug 7, 2018 | $0.22 | normal |
| May 17, 2018 | May 25, 2018 | May 8, 2018 | $0.22 | normal |
| Feb 15, 2018 | Feb 23, 2018 | Feb 6, 2018 | $0.22 | normal |
| Nov 16, 2017 | Nov 24, 2017 | Nov 8, 2017 | $0.2 | normal |
| Aug 16, 2017 | Aug 25, 2017 | Aug 8, 2017 | $0.2 | normal |
| May 10, 2017 | May 19, 2017 | May 2, 2017 | $0.2 | normal |
| Feb 15, 2017 | Feb 24, 2017 | Feb 7, 2017 | $0.2 | normal |
| Nov 16, 2016 | Nov 28, 2016 | Nov 9, 2016 | $0.18 | normal |
| Aug 10, 2016 | Aug 19, 2016 | Jul 28, 2016 | $0.18 | normal |
MSBI has a payout ratio of 27.6% which is lower than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 30.6%, Midland States Bancorp's payout ratio is 10% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| MSBI Midland States Bancorp Inc | 5.34% | $1.17 | 27.6% |
| NBTB Nbt Bancorp Inc | 3.42% | $1.18 | 33.3% |
| NBHC National Bank Holdings Corp | 2.84% | $0.96 | 43.6% |
Yes, Midland States Bancorp has been paying dividends for the last seven years.
At this point we don't have a record of MSBI's next dividend date, but based on the current dividend schedule we project that it will likely be in May 2023.
Midland States Bancorp's last dividend ex-date was on Feb 16, 2023. The dividend amount was $0.3 per share.
MSBI's annualized dividend per share is $1.17.
Currently Midland States Bancorp's dividend yield is 5.34%.
Midland States Bancorp has a quarterly dividend frequency.
The dividend payout ratio of Midland States Bancorp is 27.6%.
Midland States Bancorp's dividend yield is above the Financial Services sector average.