First Midwest Bancorp (FMBI) will raise its quarterly dividend to $0.10 per share.

This quarterly cash dividend will be payable on July 11, 2017 to common stockholders of record on June 30, 2017 and will represent the 138(th) consecutive cash dividend paid by First Midwest since its inception in 1983.

“This dividend increase demonstrates the confidence we have in our company and our business strategy,” said Michael L. Scudder, President and Chief Executive Officer of First Midwest.  “We are committed to returning value to our stockholders while at the same time continuing to grow and diversify our revenues, invest in our business and balance risk.”

First Midwest is a relationship-based financial institution and one of the largest independent publicly-traded bank holding companies. First Midwest’s principal subsidiary, First Midwest Bank, and other affiliates provide a full range of commercial, equipment leasing, retail, wealth management, trust and private banking products and services through its locations in metropolitan Chicago, northwest Indiana, central and western Illinois, and eastern Iowa.