Investors eagerly anticipate the dividend payout from Midland States Bancorp MSBI on November 24, 2023. With a payout of $0.30 per share and an annualized dividend yield of 5.19%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on November 16, 2023
Midland States Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-16 | 4 | $0.3 | 5.19% | 2023-11-06 | 2023-11-17 | 2023-11-24 |
| 2023-08-10 | 4 | $0.3 | 5.12% | 2023-08-01 | 2023-08-11 | 2023-08-18 |
| 2023-05-11 | 4 | $0.3 | 6.01% | 2023-05-02 | 2023-05-12 | 2023-05-19 |
| 2023-02-16 | 4 | $0.3 | 4.59% | 2023-02-07 | 2023-02-17 | 2023-02-24 |
| 2022-11-10 | 4 | $0.29 | 4.08% | 2022-10-31 | 2022-11-14 | 2022-11-21 |
| 2022-08-18 | 4 | $0.29 | 4.33% | 2022-08-09 | 2022-08-19 | 2022-08-26 |
| 2022-05-12 | 4 | $0.29 | 4.41% | 2022-05-03 | 2022-05-13 | 2022-05-23 |
| 2022-02-10 | 4 | $0.28 | 3.88% | 2022-02-01 | 2022-02-11 | 2022-02-18 |
| 2021-11-19 | 4 | $0.28 | 4.36% | 2021-11-01 | 2021-11-22 | 2021-11-29 |
| 2021-08-12 | 4 | $0.28 | 4.44% | 2021-08-04 | 2021-08-13 | 2021-08-20 |
| 2021-05-13 | 4 | $0.28 | 3.9% | 2021-05-04 | 2021-05-14 | 2021-05-21 |
| 2021-02-11 | 4 | $0.28 | 6.05% | 2021-02-02 | 2021-02-12 | 2021-02-19 |
Midland States Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Washington Trust Bancorp WASH having the highest annualized dividend yield at 8.47%.
Analyzing Midland States Bancorp Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $0.97 in 2019 to $1.15 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Midland States Bancorp
The earnings chart above shows that from 2019 to 2022, Midland States Bancorp has experienced an increase in their earnings from $2.57 per share to $4.06 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
In this article, we explore the recent dividend payout of Midland States Bancorp and its significance for shareholders. The company has decided to distribute a dividend of $0.30 per share today, which equates to an annualized dividend yield of 5.19%.
Midland States Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Washington Trust Bancorp having the highest annualized dividend yield at 8.47%.
Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, Midland States Bancorp appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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