IBCP
Independent Bank
dividend history, payout ratio & dates
- Stocks
- Financial Services
- NASDAQ: IBCP
- Dividend
Last dividend date: May 4, 2026
Dividend yield: 3.16%
Payout ratio: 32%
Independent Bank's latest dividend of $0.28 per share was on May 4, 2026 (ex-date). At an annualized rate of $1.08 per share, the stock yields 3.25%.
IBCP dividend stats
vs. Financial Services sector
Independent Bank Dividend yield
Independent Bank's dividend yield of 3.25% is above the Financial Services sector and the industry average. In comparison with its Financial Services sector average of 2.74%, Independent Bank's dividend yield is 19% higher. The current dividend yield is lower than the historical average of 3.7% of the last 5 years.
IBCP Dividend history
Independent Bank has a dividend history dating as far as 1993, but lately the company has recorded 12 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 8% since twelve months ago. And with the price of the stock up by 4.7% from a year ago, the dividend yield has increased by 3%.
Independent Bank Dividend history chart
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| May 4, 2026 | $0.28 | 3.27% |
| Feb 3, 2026 | $0.28 | 2.92% |
| Nov 4, 2025 | $0.26 | 3.44% |
| Aug 5, 2025 | $0.26 | 3.37% |
| May 5, 2025 | $0.26 | 3.19% |
| Feb 4, 2025 | $0.26 | 2.71% |
| 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% is below the Financial Services sector and the industry average. In comparison with its Financial Services sector average of 33.7%, Independent Bank's payout ratio is 5% 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 | 3.75% | $0.62 | 47% |
| IBCP Independent Bank Corp | 3.16% | $1.08 | 32% |
| MBWM Mercantile Bank Corp | 2.89% | $1.52 | 27.2% |
| SRCE 1St Source Corp | 2.16% | $1.61 | 24.7% |
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 May 4, 2026. The dividend amount was $0.28 per share.
How much dividend does Independent Bank pay (per share)?
IBCP has paid dividend of $1.08 per share in the last year.
What is Independent Bank's dividend yield?
Currently Independent Bank's dividend yield is 3.25%.
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%.
Does Independent Bank pay a good dividend?
Independent Bank's dividend yield is higher than the Financial Services sector average.
Special dividends are included in TTM DPS and yield.