Independent Bank Corp. Stock Dividends Overview

INDB pays dividends quarterly. Last paid amount was $0.570 at Oct 04, 2024. As of today, dividend yield (TTM) is 4.20%.

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) 4.20%
Frequency Quarterly
1Y Growth 3.64%
Payout Ratio 0
Amount Per Share $0.570
Independent Bank Corp. has not yet announced its next dividend date. Last payment date was: Oct 04, 2024.

INDB Dividend Payout History

To ensure a understanding of INDB'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 Sep 19, 2024 Sep 30, 2024 Oct 04, 2024 $0.570 0.98%
2 Jun 20, 2024 Jul 01, 2024 Jul 08, 2024 $0.570 1.19%
3 Mar 21, 2024 Mar 28, 2024 Apr 05, 2024 $0.570 1.16%
4 Dec 14, 2023 Dec 22, 2023 Jan 05, 2024 $0.550 0.86%
5 Sep 21, 2023 Sep 29, 2023 Oct 06, 2023 $0.550 1.14%
6 Jun 15, 2023 Jun 23, 2023 Jul 07, 2023 $0.550 1.19%
7 Mar 16, 2023 Mar 24, 2023 Apr 06, 2023 $0.550 0.86%
8 Dec 08, 2022 Dec 23, 2022 Jan 06, 2023 $0.550 0.674%
9 Sep 15, 2022 Sep 23, 2022 Oct 07, 2022 $0.510 0.663%
10 Jun 16, 2022 Jun 24, 2022 Jul 08, 2022 $0.510 0.635%

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 (46.17%)

Growth potential

Stable (7.23%)

INDB Dividend Calculator

Dividend Calculator is designed to forecast the potential returns from INDB 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 INDB stock here.

Comparing INDB to Sector and Country

INDB pays a solid dividend yield of 4.20%, which is higher than the average of the bottom 25% of dividend payers in the US market (0.477%). INDB’s dividend yield is lower than the average of the top 25% of dividend payers in the Financial Services sector in the US market (7.15%), which means that there are more attractive dividend stocks to consider.

INDB Stock Competitors

Symbol Company Name Market Cap Amount Per Share Dividend Yield (TTM) Payout Ratio (TTM)
Golub Capital BDC 4.131B $0.0500 11.71% 123.52%
First Merchants Corporation 2.566B $0.350 6.75% 46.44%
WesBanco 2.376B $0.370 5.97% 68.89%
GCM Grosvenor Inc. 2.355B $0.110 4.23% 141.83%
Independent Bank Corp. 3.068B $0.570 4.20% 48.90%
Fulton Financial Corporation 3.877B $0.170 4.10% 44.49%
CSQ
Calamos Strategic Total Return Fund 2.913B $0.103 3.95% 39.76%
Renasant Corporation 2.385B $0.220 3.47% 29.12%
LendingTree 515.372M $1.00 0% -4.64%
Freedom Holding Corp (NV) 7.424B $301.81 0% -

FAQ

What factors can affect the amount of INDB's dividend payments?
The amount of INDB'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 INDB sector's trends, interest rate shifts, and the company's operational adjustments can also influence dividend decisions.

Can dividends from INDB stock be automatically reinvested?
If INDB 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 INDB stock.

How often does INDB pay dividend?
Independent Bank Corp. (INDB) pays dividends quarterly. The most recent payout was on Oct 04, 2024.

How much does INDB pays per share?
The last recorder (Sep 30, 2024) dividend per share was $0.570.

What is INDB dividend growth rate?
Over the last year, Independent Bank Corp. has witnessed growth rate of 3.64% . Looking back over the past 3 years, this growth rate has been 5.90%. Furthermore, examining the past 5 years, Independent Bank Corp. has maintained an average Dividends Per Share Growth Rate of 5.31%.
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ABOUT INDEPENDENT BANK CORP.
Independent Bank .
Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses primarily in Massachusetts. The company accepts interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. It also offers commercial and industrial, commercial real estate and construction, small bus...
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