Independent Bank Dividends and Buybacks
Dividend criteria checks 5/6
Independent Bank is a dividend paying company with a current yield of 3.22% that is well covered by earnings.
Key information
3.2%
Dividend yield
3.3%
Buyback Yield
| Total Shareholder Yield | 6.5% |
| Future Dividend Yield | 3.3% |
| Dividend Growth | 5.6% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | US$2.280 |
| Payout ratio | 49% |
Recent dividend and buyback updates
Independent Bank (NASDAQ:INDB) Is Increasing Its Dividend To $0.57
Mar 25
Independent Bank's (NASDAQ:INDB) Dividend Will Be $0.55
Dec 18Recent updates
Independent Bank: Time For A Downgrade After A Monumental Rally
Sep 15Independent Bank: Just Worth Considering
May 31Independent Bank (NASDAQ:INDB) Is Increasing Its Dividend To $0.57
Mar 25Independent Bank: High LTD Ratio Limits Growth Prospects
Jan 21Independent Bank's (NASDAQ:INDB) Dividend Will Be $0.55
Dec 18Independent Bank (NASDAQ:INDB) Is Paying Out A Larger Dividend Than Last Year
Mar 20Independent Bank (NASDAQ:INDB) Has Announced That It Will Be Increasing Its Dividend To $0.55
Dec 13Independent Bank Non-GAAP EPS of $1.57 beats by $0.15, revenue of $190.8M beats by $5.27M
Oct 20Independent Bank: Lagged Benefit Of Rising Rates To Lift Earnings
Oct 05Independent Bank declares $0.51 dividend
Sep 15Independent Bank Non-GAAP EPS of $1.32 beats by $0.06, revenue of $172.76M beats by $3.83M
Jul 21Independent Bank Corp.: Higher Average Loan Balance To Drive Earnings
Feb 06Here's Why I Think Independent Bank (NASDAQ:INDB) Might Deserve Your Attention Today
Oct 25Stability and Growth of Payments
Fetching dividends data
Stable Dividend: INDB's dividends per share have been stable in the past 10 years.
Growing Dividend: INDB's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Independent Bank Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (INDB) | 3.2% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Banks) | 2.6% |
| Analyst forecast (INDB) (up to 3 years) | 3.3% |
Notable Dividend: INDB's dividend (3.22%) is higher than the bottom 25% of dividend payers in the US market (1.4%).
High Dividend: INDB's dividend (3.22%) 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 (49.1%), INDB's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: INDB's dividends in 3 years are forecast to be well covered by earnings (38.9% payout ratio).