Independent Bank Corporation Stock Dividends Overview

IBCP pays dividends quarterly. Last paid amount was $0.240 at May 13, 2024. As of today, dividend yield (TTM) is 4.09%.

Dividend Yield Range

The Dividend Yield Range is the range of values in which a stock’s dividend yield has fluctuated within a specified period, often a year. It represents the variation between the highest and lowest dividend yields observed during that time frame.
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Dividend Analysis

Key Stats

Dividend Yield (TTM) 4.09%
Frequency Quarterly
1Y Growth 4.35%
Payout Ratio 0
Amount Per Share $0.240
Independent Bank Corporation has not yet announced its next dividend date. Last payment date was: May 13, 2024.

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.


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 23, 2024 May 02, 2024 May 13, 2024 $0.240 0.93%
2 Jan 23, 2024 Feb 02, 2024 Feb 15, 2024 $0.240 0.94%
3 Oct 17, 2023 Nov 02, 2023 Nov 13, 2023 $0.230 1.10%
4 Jul 18, 2023 Aug 03, 2023 Aug 14, 2023 $0.230 1.12%
5 Apr 25, 2023 May 04, 2023 May 15, 2023 $0.230 1.44%
6 Feb 06, 2023 Feb 15, 2023 Feb 24, 2023 $0.230 1.03%
7 Oct 18, 2022 Nov 03, 2022 Nov 14, 2022 $0.220 0.90%
8 Jul 19, 2022 Aug 04, 2022 Aug 16, 2022 $0.220 1.01%
9 Apr 19, 2022 May 04, 2022 May 16, 2022 $0.220 1.15%
10 Jan 24, 2022 Feb 03, 2022 Feb 15, 2022 $0.220 0.91%

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

low (17.82%)

Growth potential

Decrease likely (35.05%)

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 4.09%, which is higher than the average of the bottom 25% of dividend payers in the US market (1.95%). 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 (10.74%), which means that there are more attractive dividend stocks to consider.

IBCP Stock Competitors

Symbol Company Name Market Cap Amount Per Share Dividend Yield (TTM) Payout Ratio (TTM)
The First of Long Island Corporation 247.002M $0.210 7.49% 78.28%
Financial Institutions 317.588M $0.300 6.43% 49.49%
Waterstone Financial 252.814M $0.150 4.88% 137.60%
Independent Bank Corporation 590.911M $0.240 4.09% 31.36%
Alerus Financial Corporation 382.681M $0.200 3.92% 150.45%
Mercantile Bank Corporation 685.134M $0.350 3.82% 25.81%
Business First Bancshares Inc. 551.364M $0.140 2.58% 26.74%
Amalgamated Bank 822.317M $0.120 1.94% 13.17%

FAQ

What factors can affect the amount of IBCP's dividend payments?
The amount of IBCP's dividends can fluctuate based on several factors, including the company's financial performance, earnings, cash flow, capital requirements, and overall market conditions. Changes in IBCP sector's trends, interest rate shifts, and the company's operational adjustments can also influence dividend decisions.

Can dividends from IBCP stock be automatically reinvested?
If IBCP offers a Dividend Reinvestment Plan (DRIP), shareholders may have the option to automatically reinvest dividends to purchase additional shares. Please check with your brokerage for the availability and details of such a plan. Here's an easy guide on how to buy IBCP stock.

How often does IBCP pay dividend?
Independent Bank Corporation (IBCP) pays dividends quarterly. The most recent payout was on May 13, 2024.

How much does IBCP pays per share?
The last recorder (May 02, 2024) dividend per share was $0.240.

What is IBCP dividend growth rate?
Over the last year, Independent Bank Corporation has witnessed growth rate of 4.35% . Looking back over the past 3 years, this growth rate has been 4.55%. Furthermore, examining the past 5 years, Independent Bank Corporation has maintained an average Dividends Per Share Growth Rate of 5.92%.
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About Independent Bank Corporation

Independent Bank Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, ... IBCP Profile

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