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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-30 | $0.57 | quarterly | 2024-10-04 |
2024-07-01 | $0.57 | quarterly | 2024-07-08 |
2024-03-28 | $0.57 | quarterly | 2024-04-05 |
2023-12-22 | $0.55 | quarterly | 2024-01-05 |
2023-09-29 | $0.55 | quarterly | 2023-10-06 |
2023-06-23 | $0.55 | quarterly | 2023-07-07 |
2023-03-24 | $0.55 | quarterly | 2023-04-06 |
2022-12-23 | $0.55 | quarterly | 2023-01-06 |
2022-09-23 | $0.51 | quarterly | 2022-10-07 |
2022-06-24 | $0.51 | quarterly | 2022-07-08 |
2022-03-25 | $0.51 | quarterly | 2022-04-08 |
2021-12-23 | $0.48 | quarterly | 2022-01-07 |
2021-09-24 | $0.48 | quarterly | 2021-10-08 |
2021-06-25 | $0.48 | quarterly | 2021-07-09 |
2021-03-26 | $0.48 | quarterly | 2021-04-09 |
2020-12-24 | $0.46 | quarterly | 2021-01-08 |
2020-09-25 | $0.46 | quarterly | 2020-10-09 |
2020-06-26 | $0.46 | quarterly | 2020-07-10 |
2020-03-27 | $0.46 | quarterly | 2020-04-09 |
2019-12-27 | $0.44 | quarterly | 2020-01-10 |
2019-09-27 | $0.44 | quarterly | 2019-10-11 |
2019-06-28 | $0.44 | quarterly | 2019-07-12 |
2019-03-22 | $0.44 | quarterly | 2019-04-05 |
2018-12-28 | $0.38 | quarterly | 2019-01-11 |
2018-09-28 | $0.38 | quarterly | 2018-10-05 |
2018-06-29 | $0.38 | quarterly | 2018-07-10 |
2018-03-23 | $0.38 | quarterly | 2018-04-06 |
2017-12-22 | $0.32 | quarterly | 2018-01-05 |
2017-09-29 | $0.32 | quarterly | 2017-10-06 |
2017-09-22 | $0.32 | quarterly | 2017-10-06 |
2017-06-22 | $0.32 | quarterly | 2017-07-07 |
2017-03-23 | $0.32 | quarterly | 2017-04-07 |
2016-12-21 | $0.29 | quarterly | 2017-01-06 |
2016-09-22 | $0.29 | quarterly | 2016-10-07 |
2016-06-23 | $0.29 | quarterly | 2016-07-08 |
2016-03-23 | $0.29 | quarterly | 2016-04-08 |
2015-12-23 | $0.26 | quarterly | 2016-01-08 |
2015-09-24 | $0.26 | quarterly | 2015-10-09 |
2015-06-25 | $0.26 | quarterly | 2015-07-10 |
2015-03-26 | $0.26 | quarterly | 2015-04-10 |
2014-12-24 | $0.24 | quarterly | 2015-01-09 |
2014-09-25 | $0.24 | quarterly | 2014-10-10 |
2014-06-26 | $0.24 | quarterly | 2014-07-11 |
2014-03-27 | $0.24 | quarterly | 2014-04-11 |
2013-12-26 | $0.22 | quarterly | 2014-01-10 |
2013-09-26 | $0.22 | quarterly | 2013-10-11 |
2013-06-27 | $0.22 | quarterly | 2013-07-12 |
2013-03-27 | $0.22 | quarterly | 2013-04-12 |
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
Independent Bank Dividend FAQ
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.
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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.
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.
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.