Midland States Bancorp: Dividend Insights
Portfolio Pulse from Benzinga Insights
Midland States Bancorp (NASDAQ:MSBI) has announced a quarterly dividend of 30 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 30 cents lower. Shareholders who own MSBI as of the end of Wednesday's session will be eligible for the dividend, which will be paid out on August 18, 2023.
August 07, 2023 | 2:45 pm
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Midland States Bancorp's announcement of a 30 cents per share dividend may cause the stock to open lower on the ex-dividend date, but it provides income to shareholders.
Dividend announcements typically cause a stock's price to adjust downwards on the ex-dividend date, reflecting the payout. However, this is a transfer of value rather than a loss, as shareholders receive the dividend. The impact on the stock price is usually temporary.
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