Independent Bank Dividends and Buybacks
Dividend criteria checks 5/6
Independent Bank is a dividend paying company with a current yield of 2.55% that is well covered by earnings.
Key information
2.5%
Dividend yield
0.02%
Buyback Yield
| Total Shareholder Yield | 2.5% |
| Future Dividend Yield | 2.7% |
| Dividend Growth | 8.7% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | US$0.960 |
| Payout ratio | 32% |
Recent dividend and buyback updates
Independent Bank's (NASDAQ:IBCP) Dividend Will Be $0.24
Oct 26
Independent Bank's (NASDAQ:IBCP) Dividend Will Be $0.24
Apr 26Recent updates
Independent Bank: Fairly Valued With A Stable Earnings Outlook
Oct 29Independent Bank's (NASDAQ:IBCP) Dividend Will Be $0.24
Oct 26Independent Bank's (NASDAQ:IBCP) Dividend Will Be $0.24
Apr 26Independent 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 25Stability 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) | 2.5% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Banks) | 2.5% |
| Analyst forecast (IBCP) (up to 3 years) | 2.7% |
Notable Dividend: IBCP's dividend (2.55%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: IBCP's dividend (2.55%) is low compared to the top 25% of dividend payers in the US market (4.32%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (32%), IBCP's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: IBCP's dividends in 3 years are forecast to be well covered by earnings (33% payout ratio).