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Independent Bank (INDB) Dividend Yield, Date & History

$59.70
-0.11 (-0.18%)
(As of 09/10/2024 ET)

Dividend Summary

Dividend Yield
3.82%
Annual Dividend
$2.28
Dividend Increase
Track Record
14 Years
Annualized 3-Year
Dividend Growth
6.14%
Dividend Payout Ratio
44.02%
Recent
Dividend Payment
Jul. 8
Skip Charts & View Dividend History

Independent Bank vs. The Competition

TypeIndependent BankFinance CompaniesNASDAQ Companies
Annual Dividend$2.28$1.85$1.27
Dividend Yield3.82%1,033.17%404.86%
Annualized 3-Year Dividend Growth6.14%12.90%13.96%
Track Record14 years16 years16 years

Independent Bank Dividend Payout Ratio

TypePayout Ratio
Based on Trailing 12 Months of Earnings44.02%
Based on This Year's Estimates48.00%
Based on Next Year's Estimates43.85%
Based on Cashflow36.43%

Independent Bank Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
6/20/2024Quarterly$0.574.91%7/1/20247/1/20247/8/2024
3/21/2024Quarterly$0.574.5%3/28/20244/1/20244/5/2024
12/14/2023Quarterly$0.553.37%12/22/202312/26/20231/5/2024
9/21/2023Quarterly$0.554.57%9/29/202310/2/202310/6/2023
6/15/2023Quarterly$0.554.46%6/23/20236/26/20237/7/2023
3/16/2023Quarterly$0.553.22%3/24/20233/27/20234/6/2023
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12/8/2022Quarterly$0.552.49%12/23/202212/27/20221/6/2023
9/15/2022Quarterly$0.512.59%9/23/20229/26/202210/7/2022
6/16/2022Quarterly$0.512.59%6/24/20226/27/20227/8/2022
3/17/2022Quarterly$0.512.36%3/25/20223/28/20224/8/2022
12/9/2021Quarterly$0.482.35%12/23/202112/27/20211/7/2022
9/18/2021Quarterly$0.482.73%9/24/20219/27/202110/8/2021
6/19/2021Quarterly$0.482.44%6/25/20216/28/20217/9/2021
3/19/2021Quarterly$0.482.08%3/26/20213/29/20214/9/2021
12/10/2020Quarterly$0.462.47%12/24/202012/28/20201/8/2021
9/17/2020Quarterly$0.463.39%9/25/20209/28/202010/9/2020
6/18/2020Quarterly$0.462.7%6/26/20206/29/20207/10/2020
3/19/2020Quarterly$0.463.5%3/27/20203/30/20204/9/2020
12/16/2019quarterly$0.442.1%12/27/201912/30/20191/10/2020
9/19/2019Quarterly$0.442.4%9/27/20199/30/201910/11/2019
6/20/2019Quarterly$0.446/28/20197/1/20197/12/2019
3/14/2019quarterly$0.442.16%3/22/20193/25/20194/5/2019
12/14/2018quarterly$0.382.12%12/30/201912/31/20191/11/2019
9/21/2018quarterly$0.381.73%9/28/201810/1/201810/5/2018
6/22/2018quarterly$0.381.85%6/29/20187/2/20187/10/2018
3/16/2018quarterly$0.382.01%3/23/20183/26/20184/6/2018
12/15/2017quarterly$0.321.82%12/22/201712/26/20171/5/2018
9/21/2017quarterly$0.321.77%9/22/20179/25/201710/6/2017
6/15/2017quarterly$0.321.94%6/22/20176/26/20177/7/2017
3/16/2017Quarterly$0.321.94%3/23/20173/27/20174/7/2017
12/9/2016quarterly$0.291.66%12/21/201612/26/20161/6/2017
9/16/2016quarterly$0.292.21%9/23/20169/26/201610/7/2016
6/16/2016quarterly$0.292.59%6/23/20166/27/20167/8/2016
3/17/2016quarterly$0.292.43%3/23/20163/28/20164/8/2016
12/11/2015quarterly$0.262.26%12/23/201512/28/20151/8/2016
9/17/2015quarterly$0.262.33%9/24/20159/28/201510/9/2015
6/18/2015quarterly$0.262.16%6/25/20156/29/20157/10/2015
3/19/2015quarterly$0.262.32%3/26/20153/30/20154/10/2015
12/11/2014quarterly$0.242.37%12/24/201412/29/20141/9/2015
9/18/2014quarterly$0.242.6%9/25/20149/29/201410/10/2014
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6/19/2014quarterly$0.242.52%6/26/20146/30/20147/11/2014
3/20/2014quarterly$0.242.38%3/27/20143/31/20144/11/2014
12/12/2013quarterly$0.222.43%12/26/201312/30/20131/10/2014
9/19/2013quarterly$0.222.45%9/26/20139/30/201310/11/2013
6/20/2013quarterly$0.222.62%6/27/20137/1/20137/12/2013
3/21/2013quarterly$0.222.73%3/27/20134/1/20134/12/2013
12/12/2012quarterly$0.212.9%12/20/201212/24/201212/31/2012
(Data available from 1/1/2013 forward)

Independent Bank Dividend - Frequently Asked Questions

What is Independent Bank's dividend yield?

The current dividend yield for Independent Bank is 3.82%. Learn more on INDB's dividend yield history.

How much is Independent Bank's annual dividend?

The annual dividend for INDB shares is $2.28. Learn more on INDB's annual dividend history.

How often does Independent Bank pay dividends?

Independent Bank pays quarterly dividends to shareholders.

When was Independent Bank's most recent dividend payment?

Independent Bank's most recent quarterly dividend payment of $0.57 per share was made to shareholders on Monday, July 8, 2024.

When was Independent Bank's most recent ex-dividend date?

Independent Bank's most recent ex-dividend date was Monday, July 1, 2024.

Is Independent Bank's dividend growing?

Over the past three years, the company's dividend has grown by an average of 6.14% per year.

What track record does Independent Bank have of raising its dividend?

Independent Bank has increased its dividend for the past 14 consecutive years.

When did Independent Bank last increase or decrease its dividend?

The most recent change in the company's dividend was an increase of $0.02 on Thursday, March 21, 2024.

What is Independent Bank's dividend payout ratio?
The dividend payout ratio for INDB is:
  • 44.02% based on the trailing year of earnings
  • 48.00% based on this year's estimates
  • 43.85% based on next year's estimates
  • 36.43% based on cash flow
Is Independent Bank a good dividend stock?

Independent Bank's dividend yield of 3.80% is lower than the average Finance company that issues a dividend. The company's 14 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Independent Bank's dividend payout ratio of 44.02% is at a healthy, sustainable level, below 75% of its earnings.

This page (NASDAQ:INDB) was last updated on 9/10/2024 by MarketBeat.com Staff

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