Thriving with Robust Performance: Midland States Bancorp Delivers Growing Profits to Investors
Portfolio Pulse from Benzinga Insights
Midland States Bancorp (NASDAQ:MSBI) is set to pay a dividend of $0.30 per share on November 24, 2023, with an annualized yield of 5.19%. Shareholders must have held the stock before the ex-dividend date of November 16, 2023. The company has shown a positive trend in dividend per share growth from $0.97 in 2019 to $1.15 in 2022, and an increase in earnings per share from $2.57 to $4.06 over the same period. This suggests a strong financial position and potential for continued dividend payouts. Washington Trust Bancorp (NASDAQ:WASH) has the highest annualized dividend yield among industry peers at 8.47%.
November 24, 2023 | 3:05 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Midland States Bancorp's consistent dividend growth and strong earnings per share increase suggest a robust financial health, likely to maintain investor confidence and potentially lead to a positive short term impact on its stock price.
The positive trend in both dividend growth and earnings per share is a strong indicator of financial stability and shareholder value, which can lead to increased demand for MSBI shares in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Washington Trust Bancorp has the highest annualized dividend yield among peers at 8.47%, which may attract dividend-seeking investors, but the article does not provide enough information to assess the short term impact on its stock.
While WASH has a high dividend yield, the lack of specific financial data or changes in its dividend policy in the article makes it difficult to predict the short term impact on its stock price.
CONFIDENCE 50
IMPORTANCE 50
RELEVANCE 50