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Showing posts with the label Independent Bank Corp

Independent Bank hikes dividend by 8.5%

Independent Bank hikes dividend by 8.5% to 64 cents quarterly in 2026. This marks 16 consecutive years of increases by INDB. The yield is 3.4% at $76.58.

Independent Bank Corp hikes dividend by 3.5%

Independent Bank Corp (INDB) hikes dividend by 3.5% to 59 cents quarterly per share in 2025. This marks 15 consecutive years of increases.

Independent Bank hikes dividend by 6.3%

Independent Bank Corp hikes dividend by 4.3%

Independent Bank Corp hikes dividend by 4.5%

Independent Bank Corp (INDB) will raise its quarterly dividend by 4.5 percent to $0.46 per share in 2020. This marks the 10th consecutive year of dividend increases by the bank holding company and follows last year's 15.8 percent dividend increase. The next dividend is payable on April 9, 2020, to stockholders of record as of the close of business on March 30, 2020. A new annual rate of $1.84 per share yields 2.9% at a stock price of $64. “The current environment is unprecedented," stated Chris Oddleifson, Chief Executive Officer of Independent Bank Corp in the company's press release announcing this dividend hike. "While current uncertainties pose formidable challenges, we remain confident in the underlying strength of our franchise and are pleased to reward our loyal shareholders with a dividend increase." Independent Bank Corp. is a bank holding company. INDB is the sole stockholder of Rockland Trust Company, a community-oriented commercial bank. The Com...

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