Independent Bank Corp. Dividend
Independent Bank Corp. Dividend history 25 years & estimates 2024 to 2026
Dividend Analysis of the Independent Bank Corp. Stock
| Current dividend yield | 5.31 % |
| Dividendenrendite 5 Jahre | 1.92 % |
| Dividend Yield 10Y | 4.42 % |
| Payout 3Y | 2.44 % |
When does Independent Bank Corp. pay a dividend?
The Independent Bank Corp. stock dividend is paid 4 times a year. In order to receive a dividend, you should generally own the Independent Bank Corp. stock before the ex-dividend date. The Dividend Calendar shows that the last ex-day dates were March, June, September and December . Dividends from Independent Bank Corp. are distributed via January, April, July and October.
| Year | Dividend | Ex-day & Payday |
Frequency | |
|---|---|---|---|---|
| Fiscal Year | Dividend per Share | Ex-Day | Payday | Payment frequency |
| 2024 |
$0.57
$0.57
|
Sep 30 2024
Sep 30 2024
Oct 04 2024
Sep 30 24
Oct 04 24 |
Oct 04 2024 |
quarterly
quarterly
|
| 2024 |
$0.57
$0.57
|
Jul 01 2024
Jul 01 2024
Jul 08 2024
Jul 01 24
Jul 08 24 |
Jul 08 2024 |
quarterly
quarterly
|
| 2024 |
$0.57
$0.57
|
Mar 28 2024
Mar 28 2024
Apr 05 2024
Mar 28 24
Apr 05 24 |
Apr 05 2024 |
quarterly
quarterly
|
| 2023 |
$0.55
$0.55
|
Dec 22 2023
Dec 22 2023
Jan 05 2024
Dec 22 23
Jan 05 24 |
Jan 05 2024 |
quarterly
quarterly
|
| 2023 |
$0.55
$0.55
|
Sep 29 2023
Sep 29 2023
Oct 06 2023
Sep 29 23
Oct 06 23 |
Oct 06 2023 |
quarterly
quarterly
|
| 2023 |
$0.55
$0.55
|
Jun 23 2023
Jun 23 2023
Jul 07 2023
Jun 23 23
Jul 07 23 |
Jul 07 2023 |
quarterly
quarterly
|
| 2023 |
$0.55
$0.55
|
Mar 24 2023
Mar 24 2023
Apr 06 2023
Mar 24 23
Apr 06 23 |
Apr 06 2023 |
quarterly
quarterly
|
| 2022 |
$0.55
$0.55
|
Dec 23 2022
Dec 23 2022
Jan 06 2023
Dec 23 22
Jan 06 23 |
Jan 06 2023 |
quarterly
quarterly
|
| 2022 |
$0.51
$0.51
|
Sep 23 2022
Sep 23 2022
Oct 07 2022
Sep 23 22
Oct 07 22 |
Oct 07 2022 |
quarterly
quarterly
|
| 2022 |
$0.51
$0.51
|
Jun 24 2022
Jun 24 2022
Jul 08 2022
Jun 24 22
Jul 08 22 |
Jul 08 2022 |
quarterly
quarterly
|
How much dividend does Independent Bank Corp. pay?
Independent Bank Corp. most recently paid a dividend of $0.57. Independent Bank Corp. paid a Dividend of $2.20 Per Share in the financial year 2023. With a stock price of $74.97 at Nov 25 2024, the current dividend yield is 2.93% (calculation: $2.20 / $74.97 = 2.93%). No special dividend was paid.
What is the Independent Bank Corp. Dividend Yield and payout ratio?
The average Independent Bank Corp. dividend yield over the last 5 years is 2.68% and the average over the last 10 years is 2.44%.
The payout ratio of Independent Bank Corp. in relation to the last financial year is 40.59%. The payout ratio smoothed over 3 years is 42.52%. The calculation is based on the sum of all dividend payments divided by the cumulative earnings per share(EPS).
| Metric | Independent Bank Corp. |
|---|---|
| Current dividend yield | 2.93% |
| Dividend Yield 5Y | 2.68% |
| Dividend Yield 10Y | 2.44% |
| Payout 1Y | 40.59% |
| Payout 3Y | 42.52% |
Is the Independent Bank Corp. dividend safe? Continuity & Dividend Growth
Is the Independent Bank Corp. dividend safe?
Independent Bank Corp. has been paying a dividend for 25 years and has not lowered the dividend for 25 years (dividend continuity). As a result, the dividend was recently increased 13-times.
The Dividend Growth in relation to the previous financial year amounts to 5.77%. The average Independent Bank Corp. Dividend Growth over the last 5 years is 7.68%. The average for the last 10 years is 9.60%.
| Metric | Independent Bank Corp. |
|---|---|
| Increased | 13 Years |
| Continuity | 25 Years |
| Paid | 25 Years |
| Growth 1Y | 5.77% |
| Growth 5Y | 7.68% |
| Growth 10Y | 9.60% |
Continuity
Independent Bank Corp. has been paying a dividend for 25 years and has not lowered the dividend for 25 years (dividend continuity). As a result, the dividend was recently increased 13-times.
Dividend Growth
The Dividend Growth in relation to the previous financial year amounts to 5.77%. The average Independent Bank Corp. Dividend Growth over the last 5 years is 7.68%. The average for the last 10 years is 9.60%.
Independent Bank Corp. Stock Forecast 2024
On the stock exchange, the Independent Bank Corp. stock (ISIN: US4538361084) is not traded as a top scorer in November 2024 according to the dividend strategy.
The stock price of Independent Bank Corp. 13.92% has risen since the beginning of the year 2024. However, the return generated in the past says nothing about the future return. You can find the Independent Bank Corp. stock price in real time at the top of the page.
Independent Bank Corp. (symbol: INDB) is valued at a Price / Earnings Ratio (P/E ratio) of 16.29 and a price/sales ratio (P/S ratio) of 3.28 valued. Based on analyst estimates, the Independent Bank Corp. stock forecast 2024 of the current financial year corresponds to a valuation of 16.64 according to P/E ratio and 4.61 according to P/S.
| Metric | Independent Bank Corp. |
|---|---|
| Dividend Score | ??/15 |
| Performance 2024 |
13.92%
|
| P/E TTM | 16.29 |
| P/S TTM | 3.28 |
| P/E forward | 16.64 |
| P/S forward | 4.61 |
Independent Bank Corp. (symbol: INDB) is valued at a Price / Earnings Ratio (P/E ratio) of 16.29 and a price/sales ratio (P/S ratio) of 3.28 valued. Based on analyst estimates, the Independent Bank Corp. stock forecast 2024 of the current financial year corresponds to a valuation of 16.64 according to P/E ratio and 4.61 according to P/S.
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