Independent Bank Dividend
Dividend criteria checks 4/6
Independent Bank is a dividend paying company with a current yield of 4.45% that is well covered by earnings.
Key information
4.5%
Dividend yield
43%
Payout ratio
| Industry average yield | 3.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | n/a |
| Earnings per share | US$5.32 |
| Dividend yield forecast in 3Y | 4.5% |
Recent dividend 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 (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 25Should Independent Bank Corp. (NASDAQ:INDB) Be Part Of Your Dividend Portfolio?
Mar 04Don't Ignore The Fact That This Insider Just Sold Some Shares In Independent Bank Corp. (NASDAQ:INDB)
Feb 06Independent Bank (NASDAQ:INDB) Has Gifted Shareholders With A Fantastic 106% Total Return On Their Investment
Feb 05Stability 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) | 4.5% |
| Market Bottom 25% (US) | 1.5% |
| Market Top 25% (US) | 4.7% |
| Industry Average (Banks) | 3.0% |
| Analyst forecast in 3 Years (INDB) | 4.5% |
Notable Dividend: INDB's dividend (4.45%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: INDB's dividend (4.45%) is low compared to the top 25% of dividend payers in the US market (4.69%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (42.8%), INDB'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.