IBCP Independent Bank dividend history, payout ratio & dates
Independent Bank's latest dividend of $0.24 per share was on Nov 5, 2024 (ex-date). At an annualized rate of $0.96 per share, the stock yields 2.55%.
Key dates
- IBCP last dividend date: Nov 5, 2024
IBCP dividend stats
vs. Financial Services sector
Dividend yield
Independent Bank's dividend yield of 2.55% is below the Financial Services sector and the industry average. But in comparison with its Financial Services sector average of 2.58%, Independent Bank's dividend yield is only 1.2% lower. The current dividend yield is lower than the historical average of 4.1% of the last 5 years.
Dividend history
Independent Bank has a dividend history dating as far as 1994, but lately the company has recorded ten consecutive years of dividend payments. Our records of IBCP show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 4.3% since twelve months ago. However with the price of the stock up by 75% from a year ago, the dividend yield has a decrease of 40%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Nov 5, 2024 | $0.24 | 2.89% |
| Aug 5, 2024 | $0.24 | 3.04% |
| May 2, 2024 | $0.24 | 3.75% |
| Feb 2, 2024 | $0.24 | 3.75% |
| Nov 2, 2023 | $0.23 | 4.53% |
| Aug 3, 2023 | $0.23 | 4.4% |
| May 4, 2023 | $0.23 | 5.74% |
| Feb 15, 2023 | $0.23 | 3.93% |
| Nov 3, 2022 | $0.22 | 3.93% |
| Aug 4, 2022 | $0.22 | 4.27% |
| May 4, 2022 | $0.22 | 4.21% |
| Feb 3, 2022 | $0.22 | 3.51% |
| Nov 4, 2021 | $0.21 | 3.61% |
| Aug 5, 2021 | $0.21 | 3.98% |
| May 4, 2021 | $0.21 | 3.45% |
| Feb 4, 2021 | $0.21 | 3.97% |
| Nov 4, 2020 | $0.2 | 5.41% |
| Aug 3, 2020 | $0.2 | 5.65% |
| May 4, 2020 | $0.2 | 5.33% |
| Feb 4, 2020 | $0.2 | 3.39% |
| Nov 5, 2019 | $0.18 | 3.13% |
| Aug 5, 2019 | $0.18 | 3.46% |
| May 3, 2019 | $0.18 | 3.02% |
| Feb 4, 2019 | $0.18 | 2.83% |
| Nov 2, 2018 | $0.15 | 2.64% |
| Aug 3, 2018 | $0.15 | 2.33% |
| May 4, 2018 | $0.15 | 2.2% |
| Feb 6, 2018 | $0.15 | 2.07% |
| Nov 3, 2017 | $0.12 | 1.85% |
| Aug 3, 2017 | $0.1 | 1.93% |
| May 4, 2017 | $0.1 | 1.71% |
| Feb 6, 2017 | $0.1 | 1.68% |
| Nov 3, 2016 | $0.1 | 2.04% |
| Aug 4, 2016 | $0.08 | 2.03% |
| May 4, 2016 | $0.08 | 2.03% |
| Feb 3, 2016 | $0.08 | 1.88% |
| Nov 5, 2015 | $0.08 | 1.77% |
| Aug 5, 2015 | $0.06 | 1.66% |
| May 1, 2015 | $0.06 | 1.82% |
| Feb 4, 2015 | $0.06 | 1.92% |
Independent Bank dividend payout ratio
Payout ratio
Independent Bank's payout ratio of 32.2% is below the Financial Services sector and the industry average. In comparison with its Financial Services sector average of 44%, Independent Bank's payout ratio is 27% lower.
Total amount of dividends paid per financial year (from cash flow)
IBCP dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| HBAN Huntington Bancshares Inc | 3.52% | $0.62 | 59.6% |
| MBWM Mercantile Bank Corp | 2.85% | $1.4 | 28.2% |
| IBCP Independent Bank Corp | 2.55% | $0.96 | 32.2% |
| SRCE 1St Source Corp | 2.15% | $1.4 | 26.7% |
Frequently asked questions
Does Independent Bank pay a dividend?
Yes, Independent Bank has paid four dividends in the last twelve months. IBCP has been paying dividends since 2014.
When was IBCP's last dividend?
Independent Bank's last dividend ex-date was on Nov 5, 2024. The dividend amount was $0.24 per share.
How much dividend does Independent Bank pay (per share)?
IBCP has paid dividend of $0.96 per share in the last year.
What is Independent Bank's dividend yield?
Currently Independent Bank's dividend yield is 2.55%.
How often does Independent Bank pay dividends?
Independent Bank pays four dividends per year.
What is Independent Bank's dividend payout ratio?
Independent Bank's dividend payout ratio is 32.2%.
Does Independent Bank pay a good dividend?
Independent Bank's dividend yield is similar to the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.