Midland States Bancorp, Inc.
MSBIFinancial Services · Stock · quarterly payer
Forward Yield
3.93%
Annual Dividend
$1.32
Payout Ratio
82%
5-Yr Growth
3.3%
Ex-Date
Aug 14, 2026
Frequency
Quarterly
Summary
As of September 2026, Midland States Bancorp, Inc. (MSBI) yields 3.93% ($1.32 per share annually), with a blended fair-value estimate of $22.02 — -34% downside, so it screens as overvalued. Dividend safety grade: A (82/100). 9 years of dividend growth.
Is MSBI a good dividend stock?
YesMidland States Bancorp, Inc. (MSBI) pays a quarterly dividend yielding 3.93% ($1.32/yr), with 9 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 3.93%
- Payout Ratio
- 82%
- Annual Dividend
- $1.32
- 5-Yr Avg Growth
- 3.3%
- Ex-Dividend Date
- Aug 14, 2026
- Years of Growth
- 9
- Frequency
- quarterly
- Beta
- 0.64
- Market Cap
- $696.2M
- P/E Ratio
- 21.4
- 5-Yr Total Return
- 31%
- 52-Week Range
- $14.24 – $35.10
- Dividend Safety
- A · 82/100
- Ever Cut?
- No
Frequently Asked Questions
MSBI Price — Last 12 Months
Daily close
Price Return
1 Year
+129%
3 Years
+54%
5 Years
+31%
52-Week Range
$14.24 – $35.10
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is MSBI worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Midland States Bancorp, Inc. is $22.02 per share, versus a market price of $33.54. That implies 34% of downside.
Fair Value
$22.02
Current Price
$33.54
Downside
-34%
Margin of Safety
-52%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 1.7% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.5% discount rate (CAPM), 1.7% stage-1 growth, 2.5% terminal growth, $1.57 EPS, $1.32 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
MSBI Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Aug 14, 2026 | — | $0.3300 | regular |
| May 15, 2026 | — | $0.3200 | regular |
| Feb 13, 2026 | — | $0.3200 | regular |
| Nov 14, 2025 | — | $0.3200 | regular |
| Aug 15, 2025 | — | $0.3200 | regular |
| May 16, 2025 | — | $0.3100 | regular |
| Feb 14, 2025 | — | $0.3100 | regular |
| Nov 18, 2024 | — | $0.3100 | regular |
| Aug 16, 2024 | — | $0.3100 | regular |
| May 16, 2024 | — | $0.3100 | regular |
| Feb 15, 2024 | — | $0.3100 | regular |
| Nov 16, 2023 | — | $0.3000 | regular |
| Aug 10, 2023 | — | $0.3000 | regular |
| May 11, 2023 | — | $0.3000 | regular |
Income Calculator
At $1.32 / yr per share
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