Latest Stocks: First Midwest Bancorp Inc (FMBI) Announces Quarterly Dividend of $0.10

Latest Stocks: First Midwest Bancorp Inc (FMBI) Announces Quarterly Dividend of $0.10

First Midwest Bancorp Inc (NASDAQ:FMBI) declared a quarterly dividend on Wednesday, May 17th. Stockholders of record on Friday, June 30th will be paid a dividend of 0.10 per share by the financial services provider on Tuesday, July 11th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date is Wednesday, June 28th. This is a boost from First Midwest Bancorp’s previous quarterly dividend of $0.09.

Shares of First Midwest Bancorp (NASDAQ:FMBI) opened at 22.57 on Tuesday. First Midwest Bancorp has a one year low of $15.86 and a one year high of $25.83. The stock has a market capitalization of $2.54 billion, a price-to-earnings ratio of 20.04 and a beta of 1.22. The stock’s 50 day moving average is $22.80 and its 200-day moving average is $23.88.

First Midwest Bancorp (NASDAQ:FMBI) last announced its quarterly earnings data on Tuesday, April 25th. The financial services provider reported $0.34 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.34. First Midwest Bancorp had a net margin of 17.08% and a return on equity of 7.79%. The business had revenue of $155.15 million for the quarter, compared to the consensus estimate of $162 million. During the same quarter last year, the company posted $0.27 earnings per share. On average, equities research analysts predict that First Midwest Bancorp will post $1.35 EPS for the current fiscal year.

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