Independent Bank's last quarterly dividend of $0.51 per share was on Mar 25, 2022 (ex-date). The annualized dividend payment of $1.95 per share represents a current dividend yield of 2.48%. The latest INDB payout of $0.51 marks a dividend growth of 6%.
Independent Bank's dividend yield of 2.48% is lower than the Financial Services sector, the industry and its peers average.
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 4.8% since one year ago. And with the stock price up by 0.6% from a year ago, the dividend yield marks an increase of 4.2%.
| Declared on | Ex-date | Payment date | Amount | Type |
|---|---|---|---|---|
| Mar 17, 2022 | Mar 25, 2022 | Apr 8, 2022 | $0.51 | normal |
| Dec 9, 2021 | Dec 23, 2021 | Jan 7, 2022 | $0.48 | normal |
| Sep 16, 2021 | Sep 24, 2021 | Oct 8, 2021 | $0.48 | normal |
| Jun 17, 2021 | Jun 25, 2021 | Jul 9, 2021 | $0.48 | normal |
| Mar 18, 2021 | Mar 26, 2021 | Apr 9, 2021 | $0.48 | normal |
| Dec 10, 2020 | Dec 24, 2020 | Jan 8, 2021 | $0.46 | normal |
| Sep 17, 2020 | Sep 25, 2020 | Oct 9, 2020 | $0.46 | normal |
| Jun 18, 2020 | Jun 26, 2020 | Jul 10, 2020 | $0.46 | normal |
| Mar 19, 2020 | Mar 27, 2020 | Apr 9, 2020 | $0.46 | normal |
| Dec 12, 2019 | Dec 27, 2019 | Jan 10, 2020 | $0.44 | normal |
| Sep 19, 2019 | Sep 27, 2019 | Oct 11, 2019 | $0.44 | normal |
| Jun 20, 2019 | Jun 28, 2019 | Jul 12, 2019 | $0.44 | normal |
| Mar 13, 2019 | Mar 22, 2019 | Apr 5, 2019 | $0.44 | normal |
| Dec 13, 2018 | Dec 28, 2018 | Jan 11, 2019 | $0.38 | normal |
| Sep 20, 2018 | Sep 28, 2018 | Oct 5, 2018 | $0.38 | normal |
| Jun 21, 2018 | Jun 29, 2018 | Jul 10, 2018 | $0.38 | normal |
| Mar 15, 2018 | Mar 23, 2018 | Apr 6, 2018 | $0.38 | normal |
| Dec 14, 2017 | Dec 22, 2017 | Jan 5, 2018 | $0.32 | normal |
| Sep 22, 2017 | Sep 29, 2017 | Oct 6, 2017 | $0.32 | normal |
| Jun 15, 2017 | Jun 22, 2017 | Jul 7, 2017 | $0.32 | normal |
| Mar 16, 2017 | Mar 23, 2017 | Apr 7, 2017 | $0.32 | normal |
| Dec 8, 2016 | Dec 21, 2016 | Jan 6, 2017 | $0.29 | normal |
| Sep 15, 2016 | Sep 22, 2016 | Oct 7, 2016 | $0.29 | normal |
| Jun 16, 2016 | Jun 23, 2016 | Jul 8, 2016 | $0.29 | normal |
| Mar 17, 2016 | Mar 23, 2016 | Apr 8, 2016 | $0.29 | normal |
Independent Bank's payout ratio of 58.6% is above the Financial Services sector, the industry and its peers average.