Independent Bank Corp. Stock Dividends
Independent Bank Corp. Stock Dividends Overview
INDB pays dividends quarterly. Last paid amount was $0.570 at Apr 05, 2024. As of today, dividend yield (TTM) is 4.31%.
Dividend Yield Range
AI Analysis of INDB
| Dividend Analysis | Generate |
Key Stats
| Dividend Yield (TTM) | 4.31% |
|---|---|
| Frequency | Quarterly |
| 1Y Growth | 3.64% |
| Payout Ratio | 0 |
| Amount Per Share | $0.570 |
| Next Ex-Dividend Date | Jul 01, 2024 |
| Next Payment Date | Jul 08, 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.
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 20, 2024 | Jul 01, 2024 | Jul 08, 2024 | $0.570 | 1.15% |
| 2 | Mar 21, 2024 | Mar 28, 2024 | Apr 05, 2024 | $0.570 | 1.16% |
| 3 | Dec 14, 2023 | Dec 22, 2023 | Jan 05, 2024 | $0.550 | 0.86% |
| 4 | Sep 21, 2023 | Sep 29, 2023 | Oct 06, 2023 | $0.550 | 1.14% |
| 5 | Jun 15, 2023 | Jun 23, 2023 | Jul 07, 2023 | $0.550 | 1.19% |
| 6 | Mar 16, 2023 | Mar 24, 2023 | Apr 06, 2023 | $0.550 | 0.86% |
| 7 | Dec 08, 2022 | Dec 23, 2022 | Jan 06, 2023 | $0.550 | 0.674% |
| 8 | Sep 15, 2022 | Sep 23, 2022 | Oct 07, 2022 | $0.510 | 0.663% |
| 9 | Jun 16, 2022 | Jun 24, 2022 | Jul 08, 2022 | $0.510 | 0.635% |
| 10 | Mar 17, 2022 | Mar 25, 2022 | Apr 08, 2022 | $0.510 | 0.661% |
Dividend Sustainability
With a moderate Dividend Sustainability Score (DSS), the company may sustain its dividends, but continuous monitoring is advised for any financial shifts. However, its Dividend Growth Potential Score (DGPS) is only moderate, indicating limited growth potential. On the whole, the dividend outlook remains neutral, meriting close observation of both the company's financial health and growth prospects.
Sustainability score
Growth potential
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 4.31%, which is higher than the average of the bottom 25% of dividend payers in the US market (1.94%). 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 (10.82%), which means that there are more attractive dividend stocks to consider.
INDB Stock Competitors
| Symbol | Amount Per Share | Dividend Yield (TTM) | Payout Ratio (TTM) | ||
|---|---|---|---|---|---|
| Golub Capital BDC | 4.118B | $0.0500 | 11.71% | 65.21% | |
| Calamos Strategic Total Return Fund | 2.667B | $0.103 | 7.53% | 19.65% | |
| First Merchants Corporation | 1.922B | $0.350 | 5.36% | 39.97% | |
| WesBanco | 1.669B | $0.360 | 5.13% | 61.05% | |
| GCM Grosvenor Inc. | 1.828B | $0.110 | 5.04% | 126.97% | |
| Fulton Financial Corporation | 3.048B | $0.170 | 4.56% | 42.01% | |
| Independent Bank Corp. | 2.098B | $0.570 | 4.31% | 42.69% | |
| Renasant Corporation | 1.723B | $0.220 | 3.64% | 36.50% | |
| LendingTree | 525.542M | $1.00 | 0% | - | |
| Brp Group Inc. | 2.16B | $0.500 | 0% | -0.448% | |
| Freedom Holding Corp (NV) | 4.469B | $301.81 | 0% | - |
