Independent Bank Dividends and Buybacks
Dividend criteria checks 5/6
Independent Bank is a dividend paying company with a current yield of 3.39% that is well covered by earnings.
Key information
3.4%
Dividend yield
3.4%
Buyback Yield
| Total Shareholder Yield | 6.8% |
| Future Dividend Yield | 3.5% |
| Dividend Growth | 5.8% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | US$2.280 |
| Payout ratio | 50% |
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: Another Regional Bank Delivering
Jan 16Independent 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) | 3.4% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.5% |
| Industry Average (Banks) | 2.5% |
| Analyst forecast (INDB) (up to 3 years) | 3.5% |
Notable Dividend: INDB's dividend (3.39%) is higher than the bottom 25% of dividend payers in the US market (1.41%).
High Dividend: INDB's dividend (3.39%) is low compared to the top 25% of dividend payers in the US market (4.45%).
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (50.4%), INDB's dividend payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: INDB's dividends in 3 years are forecast to be well covered by earnings (33.3% payout ratio).
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2025/02/02 02:35 |
| End of Day Share Price | 2025/01/31 00:00 |
| Earnings | 2024/12/31 |
| Annual Earnings | 2024/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
Independent Bank Corp. is covered by 14 analysts. 3 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Bryce Rowe | Baird |
| David Bishop | D.A. Davidson & Co. |
| Barry Sine | Drexel Hamilton |