Readers hoping to buy First Mid Bancshares, Inc. ( NASDAQ:FMBH ) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. This means that investors who purchase First Mid Bancshares' shares on or after the 16th of May will not receive the dividend, which will be paid on the 1st of June.