Independent Bank Corporation hikes dividend by 7.7%

Independent Bank Corporation (IBCP) announced a dividend increase on January 16, 2026, raising its quarterly payout by 7.7% to $0.28 per share.

The increase extends Independent Bank Corporation’s dividend growth streak to 12 consecutive years. In 2024, the company implemented an 8.3% dividend hike. Over the past five years, the dividend has grown at a compound annual rate of 5.9%. Based on a share price of $33.80, the dividend corresponds to a yield of approximately 3.1%. The ex-dividend date is February 3, 2026.

Independent Bank Corporation operates as the bank holding company for Independent Bank, providing commercial and retail banking services primarily in Michigan. More information is available on the website of Independent Bank Corporation.

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