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Independent Bank Corporation Stock Dividends Overview
IBCP pays dividends quarterly. Last paid amount was $0.240 at Nov 15, 2024. As of today, dividend yield (TTM) is 2.75%.
Dividend Yield Range
AI Analysis of IBCP
| Dividend Analysis |
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Key Stats
| Dividend Yield (TTM) | 2.75% |
|---|---|
| Frequency | Quarterly |
| 1Y Growth | 0% |
| Payout Ratio | 0 |
| Amount Per Share | $0.240 |
| Next Ex-Dividend Date | Feb 04, 2025 |
| Next Payment Date | Feb 14, 2025 |
Upcoming Dividend Payment
To receive the upcoming dividend from IBCP the purchase should be done within the next 18 days.
Here's a simple guide on how to buy IBCP stock.
IBCP Dividend Payout History
To ensure a understanding of IBCP's dividend performance, consider examining the historical payout ratios and how they align with the company's earnings. Fluctuations in payout amounts may reflect changes in the company's dividend policy or earnings stability.
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 10, 2025 | Feb 04, 2025 | Feb 14, 2025 | $0.260 | 0.745% |
| 2 | Nov 05, 2024 | Nov 05, 2024 | Nov 15, 2024 | $0.240 | 0.636% |
| 3 | Jul 23, 2024 | Aug 05, 2024 | Aug 15, 2024 | $0.240 | 0.738% |
| 4 | Apr 23, 2024 | May 02, 2024 | May 13, 2024 | $0.240 | 0.93% |
| 5 | Jan 23, 2024 | Feb 02, 2024 | Feb 15, 2024 | $0.240 | 0.94% |
| 6 | Oct 17, 2023 | Nov 02, 2023 | Nov 13, 2023 | $0.230 | 1.10% |
| 7 | Jul 18, 2023 | Aug 03, 2023 | Aug 14, 2023 | $0.230 | 1.12% |
| 8 | Apr 25, 2023 | May 04, 2023 | May 15, 2023 | $0.230 | 1.44% |
| 9 | Feb 06, 2023 | Feb 15, 2023 | Feb 24, 2023 | $0.230 | 1.03% |
| 10 | Oct 18, 2022 | Nov 03, 2022 | Nov 14, 2022 | $0.220 | 0.90% |
Dividend Sustainability
The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.
Sustainability score
Growth potential
IBCP Dividend Calculator
Dividend Calculator is designed to forecast the potential returns from IBCP dividends based on your individual investment size or the number of shares you own. Simply enter your total investment amount to see the cumulative dividend payment you could receive over a specified period.
Read how to invest in IBCP stock here.
Comparing IBCP to Sector and Country
IBCP pays a solid dividend yield of 2.75%, which is higher than the average of the bottom 25% of dividend payers in the US market (0.255%). IBCP’s dividend yield is lower than the average of the top 25% of dividend payers in the Financial Services sector in the US market (7.58%), which means that there are more attractive dividend stocks to consider.
IBCP Stock Competitors
| Symbol | Amount Per Share | Dividend Yield (TTM) | Payout Ratio (TTM) | ||
|---|---|---|---|---|---|
| The First of Long Island Corporation | 251.608M | $0.210 | 7.09% | 95.17% | |
| Waterstone Financial | 238.87M | $0.150 | 4.62% | 85.30% | |
| Financial Institutions | 502.445M | $0.300 | 4.41% | 39.17% | |
| Alerus Financial Corporation | 493.843M | $0.200 | 4.05% | 490.06% | |
| Mercantile Bank Corporation | 681.35M | $0.360 | 3.20% | 27.64% | |
| Independent Bank Corporation | 686.371M | $0.240 | 2.75% | 31.94% | |
| Business First Bancshares Inc. | 749.468M | $0.140 | 2.21% | 30.52% | |
| Amalgamated Bank | 1.085B | $0.120 | 1.98% | 13.00% |
