Independent Bank Dividend
Dividend criteria checks 4/6
Independent Bank is a dividend paying company with a current yield of 3.83% that is well covered by earnings. Next payment date is on 13th May, 2024 with an ex-dividend date of 2nd May, 2024.
Key information
3.8%
Dividend yield
31%
Payout ratio
| Industry average yield | 3.0% |
| Next dividend pay date | 13 May 24 |
| Ex dividend date | 02 May 24 |
| Dividend per share | n/a |
| Earnings per share | US$2.97 |
| Dividend yield forecast in 3Y | 4.0% |
Recent dividend updates
Recent updates
Independent Bank's (NASDAQ:IBCP) Dividend Will Be $0.24
Apr 26
Independent Bank: Earnings Outlook Is Positive But I'm Downgrading To Hold
Feb 29Independent Bank's (NASDAQ:IBCP) Shareholders Will Receive A Bigger Dividend Than Last Year
Apr 29Independent Bank (NASDAQ:IBCP) Is Increasing Its Dividend To $0.23
Feb 10Independent Bank declares $0.22 dividend
Oct 18Independent Bank GAAP EPS of $0.61 beats by $0.06, revenue of $50.69M
Jul 26Independent Bank declares $0.22 dividend
Jul 19Independent Bank: Attractively Valued But Earnings Likely To Dip
Jun 22Analyst Forecasts For Independent Bank Corporation (NASDAQ:IBCP) Are Surging Higher
Apr 30Independent Bank: Track Record Of 5 Year 20%+ EPS Growth
Feb 14Independent Bank (NASDAQ:IBCP) Is Increasing Its Dividend To US$0.22
Jan 28Independent Bank (NASDAQ:IBCP) Has Announced A Dividend Of US$0.21
Oct 23Independent Bank: Not Quite Firing On All Cylinders
Aug 10Independent Bank (NASDAQ:IBCP) Has Announced A Dividend Of US$0.21
Jul 30Independent Bank: Attractively Priced With A Positive Earnings Outlook
May 30Independent Bank Corporation 2021 Q1 - Results - Earnings Call Presentation
Apr 27Here's Why Independent Bank Corporation's (NASDAQ:IBCP) CEO Compensation Is The Least Of Shareholders' Concerns
Apr 14Is Now The Time To Put Independent Bank (NASDAQ:IBCP) On Your Watchlist?
Mar 23Shareholders Of Independent Bank (NASDAQ:IBCP) Must Be Happy With Their 69% Return
Feb 25Independent Bank (NASDAQ:IBCP) Could Be A Buy For Its Upcoming Dividend
Jan 30Independent Bank Corporation 2020 Q4 - Results - Earnings Call Presentation
Jan 29The Attractive Combination That Could Earn Independent Bank Corporation (NASDAQ:IBCP) A Place In Your Dividend Portfolio
Jan 20Independent Bank announces 2021 share repurchase plan
Dec 22Here's What Independent Bank Corporation's (NASDAQ:IBCP) Shareholder Ownership Structure Looks Like
Dec 16Independent Bank: Gradual Normalization Of Mortgage Banking Revenue Likely To Hurt Earnings
Nov 22Stability and Growth of Payments
Fetching dividends data
Stable Dividend: IBCP's dividends per share have been stable in the past 10 years.
Growing Dividend: IBCP's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Independent Bank Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (IBCP) | 3.8% |
| Market Bottom 25% (US) | 1.6% |
| Market Top 25% (US) | 4.8% |
| Industry Average (Banks) | 3.0% |
| Analyst forecast in 3 Years (IBCP) | 4.0% |
Notable Dividend: IBCP's dividend (3.83%) is higher than the bottom 25% of dividend payers in the US market (1.56%).
High Dividend: IBCP's dividend (3.83%) is low compared to the top 25% of dividend payers in the US market (4.82%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (31.3%), IBCP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.