MainStreet Bancshares Declares $0.47 Quarterly Dividend on Preferred Stock
MainStreet Bancshares, Inc., a community bank holding company, announced a quarterly cash dividend of $0.47 per depositary share on its 7.50% Series A Preferred Stock. The dividend is payable March 30 to shareholders of record as of March 13.
MainStreet Bancshares, Inc. (NASDAQ: MNSBP), a community bank holding company, declared a quarterly cash dividend of $0.47 per depositary share on its 7.50% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock. The dividend translates to $18.75 per share of the underlying preferred stock. Read more dividend announcements.
The board of directors approved the dividend on February 20, 2026. Payment will be made March 30 to shareholders of record as of March 13.
Dividend Details
| Dividend Amount | Record Date | Payment Date |
|---|---|---|
| $0.47 per Depositary Share | March 13, 2026 | March 30, 2026 |
About the Preferred Stock
The company issued 1,150,000 depositary shares in September 2020. Each depositary share represents a 1/40th ownership interest in the Series A Preferred Stock, which carries a liquidation preference of $1,000 per share, or $25 per depositary share. The aggregate liquidation preference totals $28,750,000.
The Series A Preferred Stock pays dividends at a fixed rate of 7.50% annually. When declared by the board, dividends are payable quarterly in arrears on March 30, June 30, September 30, and December 30 of each year.
The depositary shares trade on the Nasdaq Capital Market under the ticker symbol MNSBP.