DividendMay 22, 2026, 09:27 AM
MainStreet Bancshares Declares $0.47/Share Preferred Stock Dividend
AI Summary
MainStreet Bancshares, Inc. announced a quarterly cash dividend of approximately $0.47 per Depositary Share on its 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The dividend, equivalent to $18.75 per Series A Preferred Stock share, is payable on June 30, 2026, to shareholders of record as of June 15, 2025. Additionally, at its Annual Meeting on May 21, 2026, shareholders elected four directors, ratified the appointment of Yount, Hyde & Barbour, P.C. as the independent registered public accounting firm, and approved a non-binding advisory vote on executive compensation.
Key Highlights
- MainStreet Bancshares declared a quarterly cash dividend of approximately $0.47 per Depositary Share on its Series A Preferred Stock.
- The cash dividend equates to $18.75 per share of Series A Preferred Stock outstanding.
- The dividend is payable on June 30, 2026, to shareholders of record as of June 15, 2025.
- Four directors (Jeff W. Dick, Paul Thomas Haddock, Wendy Adeler Hall, Terry M. Saeger) were elected for three-year terms.
- The appointment of Yount, Hyde & Barbour, P.C. as the independent auditor for fiscal 2026 was ratified with 5,771,781 votes For.
- A non-binding advisory vote to approve Named Executive Officers' compensation was approved with 3,039,791 votes For.
Price Impact
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