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Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small business, consumer real estate, and personal loans. In addition, the company provides investment management and trust services to individuals, institutions, small businesses, and charitable institutions; Internet and mobile banking services, as well as estate settlement, financial planning, tax services, and other services; automated teller machine and debit cards; and mutual fund and unit investment trust shares, general securities, fixed and variable annuities, and life insurance products. As of December 31, 2021, it operates one hundred nineteen retail branches, two limited-service retail branches, and one mobile branch located within Barnstable, Bristol, Dukes, Essex, Middlesex, Nantucket, Norfolk, Plymouth, Suffolk, and Worcester counties in Eastern Massachusetts. The company was founded in 1907 and is headquartered in Rockland, Massachusetts.

Independent Bank Dividend Announcement

Independent Bank announced a quarterly dividend of $0.57 per ordinary share which will be made payable on 2024-10-04. Ex dividend date: 2024-09-30
Independent Bank annual dividend for 2024 was $1.71
Independent Bank annual dividend for 2023 was $2.20
Independent Bank's trailing twelve-month (TTM) dividend yield is 3.2%
Independent Bank's payout ratio for the trailing twelve months (TTM) is 48.90%
Independent Bank's dividend growth over the last five years (2018-2023) was 7.68% year
Independent Bank's dividend growth over the last ten years (2013-2023) was 9.60% year

Independent Bank Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-30$0.57quarterly2024-10-04
2024-07-01$0.57quarterly2024-07-08
2024-03-28$0.57quarterly2024-04-05
2023-12-22$0.55quarterly2024-01-05
2023-09-29$0.55quarterly2023-10-06
2023-06-23$0.55quarterly2023-07-07
2023-03-24$0.55quarterly2023-04-06
2022-12-23$0.55quarterly2023-01-06
2022-09-23$0.51quarterly2022-10-07
2022-06-24$0.51quarterly2022-07-08
2022-03-25$0.51quarterly2022-04-08
2021-12-23$0.48quarterly2022-01-07
2021-09-24$0.48quarterly2021-10-08
2021-06-25$0.48quarterly2021-07-09
2021-03-26$0.48quarterly2021-04-09
2020-12-24$0.46quarterly2021-01-08
2020-09-25$0.46quarterly2020-10-09
2020-06-26$0.46quarterly2020-07-10
2020-03-27$0.46quarterly2020-04-09
2019-12-27$0.44quarterly2020-01-10
2019-09-27$0.44quarterly2019-10-11
2019-06-28$0.44quarterly2019-07-12
2019-03-22$0.44quarterly2019-04-05
2018-12-28$0.38quarterly2019-01-11
2018-09-28$0.38quarterly2018-10-05
2018-06-29$0.38quarterly2018-07-10
2018-03-23$0.38quarterly2018-04-06
2017-12-22$0.32quarterly2018-01-05
2017-09-29$0.32quarterly2017-10-06
2017-09-22$0.32quarterly2017-10-06
2017-06-22$0.32quarterly2017-07-07
2017-03-23$0.32quarterly2017-04-07
2016-12-21$0.29quarterly2017-01-06
2016-09-22$0.29quarterly2016-10-07
2016-06-23$0.29quarterly2016-07-08
2016-03-23$0.29quarterly2016-04-08
2015-12-23$0.26quarterly2016-01-08
2015-09-24$0.26quarterly2015-10-09
2015-06-25$0.26quarterly2015-07-10
2015-03-26$0.26quarterly2015-04-10
2014-12-24$0.24quarterly2015-01-09
2014-09-25$0.24quarterly2014-10-10
2014-06-26$0.24quarterly2014-07-11
2014-03-27$0.24quarterly2014-04-11
2013-12-26$0.22quarterly2014-01-10
2013-09-26$0.22quarterly2013-10-11
2013-06-27$0.22quarterly2013-07-12
2013-03-27$0.22quarterly2013-04-12

Independent Bank Dividend per year

Independent Bank Dividend growth

Independent Bank Dividend Yield

Independent Bank current trailing twelve-month (TTM) dividend yield is 3.2%. Interested in purchasing Independent Bank stock? Use our calculator to estimate your expected dividend yield:

Independent Bank Financial Ratios

P/E ratio15.26
PEG ratio6.39
P/B ratio1.01
ROE6.74%
Payout ratio48.90%
Current ratio0.03
Quick ratio0.03
Cash Ratio0.03

Independent Bank Dividend FAQ

How much is the next Independent Bank dividend?
Independent Bank's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Independent Bank dividend. The next Independent Bank dividend will be released in March, June, September, or December.
When is Independent Bank dividend paid?
Independent Bank pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Independent Bank pay?
The specific amount of Independent Bank dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Independent Bank's dividend history.
Does Independent Bank stock pay dividends?
Yes, Independent Bank does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Independent Bank's dividend history.
How much dividend does Independent Bank pay?
Independent Bank paid $1.71 in 2024, $2.2 in 2023, $2.08 in 2022, $1.92 in 2021, and $1.84 in 2020.
How often does Independent Bank pay dividends?
Independent Bank typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, September, and December.
What is Independent Bank's dividend yield?
The current dividend yield for Independent Bank is 3.2%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Independent Bank's exact dividend yield.
When does Independent Bank go ex dividend?
Independent Bank's ex-dividend date for the latest dividend was on 2024-09-30. Independent Bank typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Independent Bank dividend paid?
Independent Bank pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will Independent Bank increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Independent Bank will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Independent Bank dividend per share?
Independent Bank paid $1.71 per share in 2024 and $2.2 per share in 2023. The amount of dividend per share that Independent Bank pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Independent Bank a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Independent Bank a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Independent Bank a dividend stock?
Yes, Independent Bank is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Independent Bank a good dividend stock?
Whether Independent Bank is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Independent Bank has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Independent Bank as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Independent Bank pay dividends monthly?
Independent Bank typically pays dividends on a quarterly basis.
Does Independent Bank pay dividends quarterly?
Independent Bank currently pays dividends on a quarterly basis.
Has Independent Bank ever paid a dividend?
Yes, Independent Bank has a history of paying dividends to its shareholders. Independent Bank is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Independent Bank dividend stocks?
To buy Independent Bank you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Independent Bank stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Independent Bank pay dividends 2024?
Independent Bank pays dividends on a quarterly basis. 2024 dividend payments are in 2024-10-04. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Independent Bank increase its dividend in 2024?
Decisions regarding Independent Bank dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Independent Bank dividend overview you can look into the above table of dividend history.
How Independent Bank dividend works?
The Independent Bank dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Independent Bank's dividend process works:

1. Determination of Dividend: Independent Bank's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, Independent Bank publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, Independent Bank distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from Independent Bank are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Independent Bank dividends paid?
Independent Bank dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Independent Bank sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, Independent Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Independent Bank declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Independent Bank pay dividends?
Independent Bank typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Independent Bank pay dividends?
The general pattern is that Independent Bank pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Independent Bank dividend safe?
The safety of Independent Bank's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Independent Bank's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review Independent Bank's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.