Independent Bank (INDB) Dividend Yield, Date & History

$59.18

+0.33 (+0.56%)

(As of 08/21/2024 ET)

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Dividend Yield: 3.85%
Annual Dividend: $2.28
Dividend Increase Track Record: 14 Years
Annualized 3-Year Dividend Growth: 6.14%
Dividend Payout Ratio: 44.02%
Recent Dividend Payment: Jul. 8

INDB Dividend Payments

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INDB Dividend Yield Over Time

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Independent Bank vs. The Competition

Type	Independent Bank	Finance Companies	NASDAQ Companies
Annual Dividend	$2.28	$1.88	$1.22
Dividend Yield	3.85%	1,041.52%	402.99%
Annualized 3-Year Dividend Growth	6.14%	13.05%	14.25%
Track Record	14 years	16 years	16 years

Independent Bank Dividend Payout Ratio

Type	Payout Ratio
Based on Trailing 12 Months of Earnings	44.02%
Based on This Year's Estimates	48.00%
Based on Next Year's Estimates	43.85%
Based on Cashflow	37.87%

Independent Bank Dividend History by Quarter

Announced	Period	Amount	Yield	Ex-Dividend Date	Record Date	Payable Date
6/20/2024	Quarterly	$0.57	4.91%	7/1/2024	7/1/2024	7/8/2024
3/21/2024	Quarterly	$0.57	4.5%	3/28/2024	4/1/2024	4/5/2024
12/14/2023	Quarterly	$0.55	3.37%	12/22/2023	12/26/2023	1/5/2024
9/21/2023	Quarterly	$0.55	4.57%	9/29/2023	10/2/2023	10/6/2023
6/15/2023	Quarterly	$0.55	4.46%	6/23/2023	6/26/2023	7/7/2023
3/16/2023	Quarterly	$0.55	3.22%	3/24/2023	3/27/2023	4/6/2023
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12/8/2022	Quarterly	$0.55	2.49%	12/23/2022	12/27/2022	1/6/2023
9/15/2022	Quarterly	$0.51	2.59%	9/23/2022	9/26/2022	10/7/2022
6/16/2022	Quarterly	$0.51	2.59%	6/24/2022	6/27/2022	7/8/2022
3/17/2022	Quarterly	$0.51	2.36%	3/25/2022	3/28/2022	4/8/2022
12/9/2021	Quarterly	$0.48	2.35%	12/23/2021	12/27/2021	1/7/2022
9/18/2021	Quarterly	$0.48	2.73%	9/24/2021	9/27/2021	10/8/2021
6/19/2021	Quarterly	$0.48	2.44%	6/25/2021	6/28/2021	7/9/2021
3/19/2021	Quarterly	$0.48	2.08%	3/26/2021	3/29/2021	4/9/2021
12/10/2020	Quarterly	$0.46	2.47%	12/24/2020	12/28/2020	1/8/2021
9/17/2020	Quarterly	$0.46	3.39%	9/25/2020	9/28/2020	10/9/2020
6/18/2020	Quarterly	$0.46	2.7%	6/26/2020	6/29/2020	7/10/2020
3/19/2020	Quarterly	$0.46	3.5%	3/27/2020	3/30/2020	4/9/2020
12/16/2019	quarterly	$0.44	2.1%	12/27/2019	12/30/2019	1/10/2020
9/19/2019	Quarterly	$0.44	2.4%	9/27/2019	9/30/2019	10/11/2019
6/20/2019	Quarterly	$0.44		6/28/2019	7/1/2019	7/12/2019
3/14/2019	quarterly	$0.44	2.16%	3/22/2019	3/25/2019	4/5/2019
12/14/2018	quarterly	$0.38	2.12%	12/30/2019	12/31/2019	1/11/2019
9/21/2018	quarterly	$0.38	1.73%	9/28/2018	10/1/2018	10/5/2018
6/22/2018	quarterly	$0.38	1.85%	6/29/2018	7/2/2018	7/10/2018
3/16/2018	quarterly	$0.38	2.01%	3/23/2018	3/26/2018	4/6/2018
12/15/2017	quarterly	$0.32	1.82%	12/22/2017	12/26/2017	1/5/2018
9/21/2017	quarterly	$0.32	1.77%	9/22/2017	9/25/2017	10/6/2017
6/15/2017	quarterly	$0.32	1.94%	6/22/2017	6/26/2017	7/7/2017
3/16/2017	Quarterly	$0.32	1.94%	3/23/2017	3/27/2017	4/7/2017
12/9/2016	quarterly	$0.29	1.66%	12/21/2016	12/26/2016	1/6/2017
9/16/2016	quarterly	$0.29	2.21%	9/23/2016	9/26/2016	10/7/2016
6/16/2016	quarterly	$0.29	2.59%	6/23/2016	6/27/2016	7/8/2016
3/17/2016	quarterly	$0.29	2.43%	3/23/2016	3/28/2016	4/8/2016
12/11/2015	quarterly	$0.26	2.26%	12/23/2015	12/28/2015	1/8/2016
9/17/2015	quarterly	$0.26	2.33%	9/24/2015	9/28/2015	10/9/2015
6/18/2015	quarterly	$0.26	2.16%	6/25/2015	6/29/2015	7/10/2015
3/19/2015	quarterly	$0.26	2.32%	3/26/2015	3/30/2015	4/10/2015
12/11/2014	quarterly	$0.24	2.37%	12/24/2014	12/29/2014	1/9/2015
9/18/2014	quarterly	$0.24	2.6%	9/25/2014	9/29/2014	10/10/2014
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6/19/2014	quarterly	$0.24	2.52%	6/26/2014	6/30/2014	7/11/2014
3/20/2014	quarterly	$0.24	2.38%	3/27/2014	3/31/2014	4/11/2014
12/12/2013	quarterly	$0.22	2.43%	12/26/2013	12/30/2013	1/10/2014
9/19/2013	quarterly	$0.22	2.45%	9/26/2013	9/30/2013	10/11/2013
6/20/2013	quarterly	$0.22	2.62%	6/27/2013	7/1/2013	7/12/2013
3/21/2013	quarterly	$0.22	2.73%	3/27/2013	4/1/2013	4/12/2013
12/12/2012	quarterly	$0.21	2.9%	12/20/2012	12/24/2012	12/31/2012

(Data available from 1/1/2013 forward)

Independent Bank Dividend - Frequently Asked Questions

What is Independent Bank's dividend yield?: The current dividend yield for Independent Bank is 3.85%. Learn more on INDB's dividend yield history.
How much is Independent Bank's annual dividend?: The annual dividend for INDB shares is $2.28. Learn more on INDB's annual dividend history.
How often does Independent Bank pay dividends?: Independent Bank pays quarterly dividends to shareholders.
When was Independent Bank's most recent dividend payment?: Independent Bank's most recent quarterly dividend payment of $0.57 per share was made to shareholders on Monday, July 8, 2024.
When was Independent Bank's most recent ex-dividend date?: Independent Bank's most recent ex-dividend date was Monday, July 1, 2024.
Is Independent Bank's dividend growing?: Over the past three years, the company's dividend has grown by an average of 6.14% per year.
What track record does Independent Bank have of raising its dividend?: Independent Bank has increased its dividend for the past 14 consecutive years.
When did Independent Bank last increase or decrease its dividend?: The most recent change in the company's dividend was an increase of $0.02 on Thursday, March 21, 2024.
What is Independent Bank's dividend payout ratio?: The dividend payout ratio for INDB is:
44.02% based on the trailing year of earnings

48.00% based on this year's estimates

43.85% based on next year's estimates

37.87% based on cash flow
Is Independent Bank a good dividend stock?: Independent Bank's dividend yield of 3.84% is lower than the average Finance company that issues a dividend. The company's 14 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Independent Bank's dividend payout ratio of 44.02% is at a healthy, sustainable level, below 75% of its earnings.