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INDB Independent Bank dividend history, payout ratio & dates

Independent Bank's last quarterly dividend of $0.51 per share was on Sep 23, 2022 (ex-date). The annualized dividend payment of $2.01 per share represents a current dividend yield of 2.66%.

Key dates

  • INDB last dividend date: Sep 23, 2022
  • INDB next dividend date: Not announced
INDB dividend stats
DPS
$2.01
Dividend yield
2.55%
Payout ratio
57.3%
vs. Financial Services sector
Dividend yield
2.89%
Payout ratio
30.2%

Dividend yield

What is Independent Bank current dividend yield

Independent Bank's dividend yield of 2.66% is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 2.89%, Independent Bank's dividend yield is 8% lower. The current dividend yield is more than the historical average of 2.3% of the last 5 years.

Dividend history

What is INDB dividend payout history and dates

Independent Bank has a history of paying dividends since 1994. Our records of INDB show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 6% since one year ago. And with the stock price down by 4.5% from a year ago, the dividend yield marks an increase of 11%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Sep 23, 2022 Oct 7, 2022 Sep 15, 2022 $0.51 normal
Jun 24, 2022 Jul 8, 2022 Jun 16, 2022 $0.51 normal
Mar 25, 2022 Apr 8, 2022 Mar 17, 2022 $0.51 normal
Dec 23, 2021 Jan 7, 2022 Dec 9, 2021 $0.48 normal
Sep 24, 2021 Oct 8, 2021 Sep 16, 2021 $0.48 normal
Jun 25, 2021 Jul 9, 2021 Jun 17, 2021 $0.48 normal
Mar 26, 2021 Apr 9, 2021 Mar 18, 2021 $0.48 normal
Dec 24, 2020 Jan 8, 2021 Dec 10, 2020 $0.46 normal
Sep 25, 2020 Oct 9, 2020 Sep 17, 2020 $0.46 normal
Jun 26, 2020 Jul 10, 2020 Jun 18, 2020 $0.46 normal
Mar 27, 2020 Apr 9, 2020 Mar 19, 2020 $0.46 normal
Dec 27, 2019 Jan 10, 2020 Dec 12, 2019 $0.44 normal
Sep 27, 2019 Oct 11, 2019 Sep 19, 2019 $0.44 normal
Jun 28, 2019 Jul 12, 2019 Jun 20, 2019 $0.44 normal
Mar 22, 2019 Apr 5, 2019 Mar 13, 2019 $0.44 normal
Dec 28, 2018 Jan 11, 2019 Dec 13, 2018 $0.38 normal
Sep 28, 2018 Oct 5, 2018 Sep 20, 2018 $0.38 normal
Jun 29, 2018 Jul 10, 2018 Jun 21, 2018 $0.38 normal
Mar 23, 2018 Apr 6, 2018 Mar 15, 2018 $0.38 normal
Dec 22, 2017 Jan 5, 2018 Dec 14, 2017 $0.32 normal
Sep 29, 2017 Oct 6, 2017 Sep 22, 2017 $0.32 normal
Jun 22, 2017 Jul 7, 2017 Jun 15, 2017 $0.32 normal
Mar 23, 2017 Apr 7, 2017 Mar 16, 2017 $0.32 normal
Dec 21, 2016 Jan 6, 2017 Dec 8, 2016 $0.29 normal
Sep 22, 2016 Oct 7, 2016 Sep 15, 2016 $0.29 normal
Jun 23, 2016 Jul 8, 2016 Jun 16, 2016 $0.29 normal
Mar 23, 2016 Apr 8, 2016 Mar 17, 2016 $0.29 normal

Independent Bank dividend payout ratio

What is Independent Bank dividend payout ratio compared to the sector

Payout ratio

Independent Bank's payout ratio of 57.3% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 30.2%, Independent Bank's payout ratio is 90% higher.

Total amount of dividends paid per financial year (from cash flow)

INDB dividend vs peer dividends

How does INDB dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
UNB Union Bankshares Inc 6.03% $1.4 49.5%
WASH Washington Trust Bancorp Inc 4.44% $2.16 49.8%
BRKL Brookline Bancorp Inc 4.16% $0.51 36.7%
BHB Bar Harbor Bankshares 3.55% $1 36.9%
WBS Webster Financial Corp 3.28% $1.6 51.8%
INDB Independent Bank Corp 2.55% $2.01 57.3%

Frequently asked questions

Does Independent Bank pay a dividend?

Yes, Independent Bank has paid four dividends in the last 12 months. INDB has been paying dividends since 1994.

When is Independent Bank's next dividend?

INDB hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in December 2022.

When was INDB's last dividend?

Independent Bank's last regular dividend was on Sep 23, 2022 (ex-date) with the amount of $0.51 per share.

How much dividend does Independent Bank pay (per share)?

On an annual basis INDB pays $2.01 per share.

What is Independent Bank's dividend yield?

The current dividend yield of Independent Bank is 2.66%.

How often does Independent Bank pay dividends?

Independent Bank pays four dividends per year.

What is Independent Bank's dividend payout ratio?

The dividend payout ratio of Independent Bank is 57.3%.

Does Independent Bank pay a good dividend?

Independent Bank's dividend yield is less than the Financial Services sector average.