INDB Independent Bank dividend history, payout ratio & dates
Independent Bank's last dividend of $0.57 per share was on Sep 30, 2024 (ex-date). The annualized dividend payment of $2.26 per share represents a current dividend yield of 3.58%.
Key dates
- INDB last dividend date: Sep 30, 2024
INDB dividend stats
vs. Financial Services sector
Dividend yield
Independent Bank's dividend yield of 3.58% is higher than the Financial Services sector and the industry average but lower than its peers average. If we compare it with the Financial Services sector average of 2.78%, Independent Bank's dividend yield is 29% higher. The current dividend yield is more than the historical average of 3.1% of the last 5 years.
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 2.7% since one year ago. But with the stock price up by 33% from a year ago, the dividend yield marks a decrease of 23%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Sep 30, 2024 | $0.57 | 3.82% |
| Jul 1, 2024 | $0.57 | 4.53% |
| Mar 28, 2024 | $0.57 | 4.27% |
| Dec 22, 2023 | $0.55 | 3.34% |
| Sep 29, 2023 | $0.55 | 4.48% |
| Jun 23, 2023 | $0.55 | 4.76% |
| Mar 24, 2023 | $0.55 | 3.12% |
| Dec 23, 2022 | $0.55 | 2.45% |
| Sep 23, 2022 | $0.51 | 2.59% |
| Jun 24, 2022 | $0.51 | 2.5% |
| Mar 25, 2022 | $0.51 | 2.29% |
| Dec 23, 2021 | $0.48 | 2.41% |
| Sep 24, 2021 | $0.48 | 2.57% |
| Jun 25, 2021 | $0.48 | 2.4% |
| Mar 26, 2021 | $0.48 | 2.14% |
| Dec 24, 2020 | $0.46 | 2.49% |
| Sep 25, 2020 | $0.46 | 3.63% |
| Jun 26, 2020 | $0.46 | 2.93% |
| Mar 27, 2020 | $0.46 | 2.83% |
| Dec 27, 2019 | $0.44 | 2.1% |
| Sep 27, 2019 | $0.44 | 2.27% |
| Jun 28, 2019 | $0.44 | 2.15% |
| Mar 22, 2019 | $0.44 | 2.12% |
| Dec 28, 2018 | $0.38 | 2.18% |
| Sep 28, 2018 | $0.38 | 1.77% |
| Jun 29, 2018 | $0.38 | 2.19% |
| Mar 23, 2018 | $0.38 | 2.39% |
| Dec 22, 2017 | $0.32 | 2.24% |
| Sep 29, 2017 | $0.32 | 2.1% |
| Sep 22, 2017 | $0.32 | 1.73% |
| Jun 22, 2017 | $0.32 | 1.92% |
| Mar 23, 2017 | $0.32 | 1.96% |
| Dec 21, 2016 | $0.29 | 1.67% |
| Sep 22, 2016 | $0.29 | 2.1% |
| Jun 23, 2016 | $0.29 | 2.32% |
| Mar 23, 2016 | $0.29 | 2.33% |
| Dec 23, 2015 | $0.26 | 2.2% |
| Sep 24, 2015 | $0.26 | 2.25% |
| Jun 25, 2015 | $0.26 | 2.08% |
| Mar 26, 2015 | $0.26 | 2.26% |
Independent Bank dividend payout ratio
Payout ratio
Independent Bank's payout ratio of 45.5% is above the Financial Services sector and the industry average but below its peers average. Compared to its Financial Services sector average of 43.2%, Independent Bank's payout ratio is 5% higher.
Total amount of dividends paid per financial year (from cash flow)
INDB dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| WASH Washington Trust Bancorp Inc | 6.29% | $2.24 | 83.6% |
| UNB Union Bankshares Inc | 4.9% | $1.44 | 64.9% |
| BRKL Brookline Bancorp Inc | 4.71% | $0.54 | 62.8% |
| INDB Independent Bank Corp | 3.52% | $2.26 | 45.5% |
| BHB Bar Harbor Bankshares | 3.42% | $1.16 | 42.8% |
| WBS Webster Financial Corp | 3.03% | $1.6 | 34.7% |
| EBTC Enterprise Bancorp Inc | 2.92% | $0.95 | 32.9% |
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 was INDB's last dividend?
Independent Bank's last regular dividend was on Sep 30, 2024 (ex-date) with the amount of $0.57 per share.
How much dividend does Independent Bank pay (per share)?
On an annual basis INDB pays $2.26 per share.
What is Independent Bank's dividend yield?
The current dividend yield of Independent Bank is 3.58%.
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 45.5%.
Does Independent Bank pay a good dividend?
Independent Bank's dividend yield is more than the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.