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INDB Independent Bank Corp Dividend

Independent Bank's last quarterly dividend of $0.48 per share was on Sep 24, 2021 (ex-date). The annualized dividend payment of $1.9 per share represents a current dividend yield of 2.33%.

INDB next dividend date: Not announced

INDB
DPS
$1.9
Dividend yield
2.33%
Payout ratio
40.8%
Financial Services sector
Dividend yield
2.38%
Payout ratio
32.1%

Dividend yield

Independent Bank's dividend yield of 2.33% is lower than the Financial Services sector, the industry and its peers average.

Dividend history

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 4.4% since one year ago. But with the stock price up by 15% from a year ago, the dividend yield marks a decrease of 9%.

Recent dividends

Declared on Ex-date Payment date Amount Type
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

Dividend payouts

Payout ratio

Independent Bank's payout ratio of 40.8% is above the Financial Services sector, the industry and its peers average.

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