Bank / Credit Union

First Midwest Bancorp declares dividends

August 24, 2020

First Midwest Bancorp, Inc.'s board of directors has declared a quarterly cash dividend of $0.14 per share on the bank's common stock payable on October 6, 2020, to common stockholders of record on September 25, 2020.

This payment represents the 151st consecutive cash dividend paid by First Midwest since its inception in 1983, according to a press release.

The board of directors also declared a quarterly cash dividend of $17.50 per share (equivalent to $0.4375 per depositary share or 1/40th interest per share) on First Midwest's 7.000% Fixed Rate Non-Cumulative Perpetual Preferred Stock, Series A and Series C. The dividends are payable on November 20, 2020 to stockholders of record as of the close of business on November 5, 2020.