First Midwest Cuts Dividend 95 Percent

(Reuters) — First Midwest Bancorp Inc. slashed its quarterly dividend by 95 percent to conserve capital. The Itasca-based company cut the payout to $0.01 per share from its earlier dividend of $0.225 per share. First Midwest said it expects to retain about $42 million in tangible common equity ...

Copyright CRAIN - Crain's
Contact Us