Midland States Bancorp, Inc. 7.75% DEP SHS REP 1/40TH PERP PFD SER A declares $0.4844 dividend

What happened

Midland States Bancorp declared a $0.4844 dividend on its 7.75% depositary shares representing 1/40th of a perpetual preferred share, Series A. The article states the content is for information purposes only and is not investment advice.

Confirmed

Global impact / market context

Preferred shareholders receive this fixed dividend before common stockholders, so the payment shows cash is being returned to preferred holders. For income-focused investors, the declared amount confirms the expected cash payment tied to the Series A preferred shares.

Analyst inference

Dividend declarations on preferred stock signal steady cash obligations for the bank holding company. Because preferred dividends rank ahead of common dividends, any future pressure on cash available could first affect payouts to common shareholders rather than these preferred holders.

Analyst inference

What to watch

1. The declared dividend is $0.4844 per depositary share, matching the 7.75% preferred Series A terms as stated in the title. Confirmed
2. Watch whether Midland States Bancorp sustains cash available to cover this preferred dividend alongside its other obligations, since preferred payments rank ahead of common stock dividends. Analyst inference
3. Investors could compare this preferred dividend yield with risks to the bank's revenue and costs, which affect its ability to keep paying preferred dividends on schedule. Proposed

Evidence

• seekingalpha.com