Independent Bank Corporation (IBCP) Dividends
Dividend Yield and Dividend History Highlights
- IBCP reports a compound annual dividend growth rate of 0.24% over the past 5.5 years.
- In terms of debt burden relative to earnings, IBCP has an EBITDA to net debt ratio of 101,393,000, ranking above 88.27% stocks in our set (note that its net debt is negative, meaning it has more cash than debt).
- As for stocks whose price is uncorrelated with IBCP's price and thus may be suitable peers for a diversified dividend portfolio, check out the following: REYN, PINC, ENIC, IRS and CALM.
IBCP Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $35.14 | $34.1 | 49.26% |
A technique commonly used by dividend investors to value dividend-issuing stocks is the Dividend Discount Model (DDM), which seeks to determine a fair share price based on the dividend provided by the company relative to a number of other company-specific factors. Regarding Independent Bank Corp, the DDM model generated by StockNews estimates a return of positive 49.26% in comparison to its current price. Digging deeper, the aspects of Independent Bank Corp's dividend discount model that we found most interesting were:
- In comparison to other stocks in the Financial Services sector, IBCP provides shareholders with a dividend yield greater than 78.02% such stocks.
- If we compare the valuation opportunity a dividend discount model provides relative to other dividend stocks in the Financial Services sector, the expected return of 49.26%, based on the stock's current share price and target price based on a dividend discount model, is greater than 65.56% of the DDM-forecasted return of its its sector peers.
- Out of all stocks in our universe of US-listed dividend-issuing stocks, Independent Bank Corp bears a discount rate, according to our calculations, lower than 65.56% of them (lower discount rates are generally perceived as positive, and a sign of lower risk).
- In terms of who is growing the amount of dividends they return to shareholders, Independent Bank Corp has been increasing its dividends at a faster rate than 85.55% of US-listed dividend-issuing stocks we observed.
IBCP Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2024-11-05 | Dividend | $0.24 | -- |
| 2024-08-05 | Dividend | $0.24 | -- |
| 2024-05-02 | Dividend | $0.24 | -- |
| 2024-02-02 | Dividend | $0.24 | +4.35% |
| 2023-11-02 | Dividend | $0.23 | -- |
| 2023-08-03 | Dividend | $0.23 | -- |
| 2023-05-04 | Dividend | $0.23 | -- |
| 2023-02-15 | Dividend | $0.23 | +4.55% |
| 2022-11-03 | Dividend | $0.22 | -- |
| 2022-08-04 | Dividend | $0.22 | -- |
| 2022-05-04 | Dividend | $0.22 | -- |
| 2022-02-03 | Dividend | $0.22 | +4.76% |
| 2021-11-04 | Dividend | $0.21 | -- |
| 2021-08-05 | Dividend | $0.21 | -- |
| 2021-05-04 | Dividend | $0.21 | -- |
| 2021-02-04 | Dividend | $0.21 | +5.00% |
| 2020-11-04 | Dividend | $0.20 | -- |
| 2020-08-03 | Dividend | $0.20 | -- |
| 2020-05-04 | Dividend | $0.20 | -- |
| 2020-02-04 | Dividend | $0.20 | +11.11% |
| 2019-11-05 | Dividend | $0.18 | -- |
| 2019-08-05 | Dividend | $0.18 | -- |
| 2019-05-03 | Dividend | $0.18 | -- |
| 2019-02-04 | Dividend | $0.18 | +20.00% |
| 2018-11-02 | Dividend | $0.15 | -- |
| 2018-08-03 | Dividend | $0.15 | -- |
| 2018-05-04 | Dividend | $0.15 | -- |
| 2018-02-06 | Dividend | $0.15 | +25.00% |
| 2017-11-03 | Dividend | $0.12 | +20.00% |
| 2017-08-03 | Dividend | $0.10 | -- |
| 2017-05-04 | Dividend | $0.10 | -- |
| 2017-02-06 | Dividend | $0.10 | -- |
| 2016-11-03 | Dividend | $0.10 | +25.00% |
| 2016-08-04 | Dividend | $0.08 | -- |
| 2016-05-04 | Dividend | $0.08 | -- |
| 2016-02-03 | Dividend | $0.08 | -- |
| 2015-11-05 | Dividend | $0.08 | +33.33% |
| 2015-08-05 | Dividend | $0.06 | -- |
| 2015-05-01 | Dividend | $0.06 | -- |
| 2015-02-04 | Dividend | $0.06 | -- |
| 2014-11-05 | Dividend | $0.06 | -- |
| 2014-08-01 | Dividend | $0.06 | -- |
| 2014-04-28 | Dividend | $0.06 | +500.00% |
| 2010-09-01 | Split | 1-10-for-1 Stock Split | N/A |
| 2009-10-01 | Dividend | $0.01 | -- |
| 2009-07-01 | Dividend | $0.01 | -- |
| 2009-04-02 | Dividend | $0.01 | -- |
| 2008-12-31 | Dividend | $0.01 | -- |
| 2008-10-02 | Dividend | $0.01 | -- |
| 2008-07-02 | Dividend | $0.01 | -90.91% |
| 2008-04-02 | Dividend | $0.11 | -47.62% |
| 2008-01-02 | Dividend | $0.21 | -- |
| 2007-10-03 | Dividend | $0.21 | -- |
| 2007-07-02 | Dividend | $0.21 | -- |
| 2007-04-03 | Dividend | $0.21 | +5.00% |
| 2007-01-03 | Dividend | $0.20 | -- |
| 2006-10-03 | Dividend | $0.20 | -- |
| 2006-06-30 | Dividend | $0.20 | -- |
| 2006-04-03 | Dividend | $0.20 | +5.26% |
| 2006-01-03 | Dividend | $0.19 | -- |
| 2005-10-03 | Dividend | $0.19 | -- |
| 2005-06-30 | Dividend | $0.19 | -- |
| 2005-04-01 | Dividend | $0.19 | +11.76% |
| 2005-01-03 | Dividend | $0.17 | -- |
| 2004-10-01 | Dividend | $0.17 | +6.25% |
| 2004-07-01 | Dividend | $0.16 | -- |
| 2004-04-01 | Dividend | $0.16 | -- |
| 2003-12-31 | Dividend | $0.16 | -85.45% |
| 2003-10-02 | Dividend | $1.10 | +587.50% |
| 2003-07-01 | Dividend | $0.16 | +14.29% |
| 2003-04-02 | Dividend | $0.14 | +133.33% |
| 2003-01-02 | Split | 3-2-for-1 Stock Split | N/A |
| 2002-10-02 | Dividend | $0.18 | -- |
| 2002-07-02 | Dividend | $0.18 | -- |
| 2002-04-03 | Dividend | $0.18 | -- |
| 2002-01-03 | Dividend | $0.18 | +12.50% |
| 2001-10-03 | Dividend | $0.16 | -- |
| 2001-07-02 | Dividend | $0.16 | -- |
| 2001-04-03 | Dividend | $0.16 | +6.67% |
| 2001-01-03 | Dividend | $0.15 | -- |
| 2000-06-30 | Dividend | $0.15 | -- |
| 2000-04-03 | Dividend | $0.15 | +7.14% |
| 2000-01-03 | Dividend | $0.14 | -- |
| 1999-06-30 | Dividend | $0.14 | -- |
| 1999-03-31 | Dividend | $0.14 | +7.69% |
| 1998-12-31 | Dividend | $0.13 | +200.00% |
| 1998-07-01 | Split | 3-2-for-1 Stock Split | N/A |
| 1998-06-30 | Dividend | $0.13 | -33.33% |
| 1998-04-02 | Dividend | $0.20 | +5.41% |
| 1997-12-31 | Dividend | $0.19 | -- |
| 1997-07-01 | Dividend | $0.19 | +119.23% |
| 1997-05-01 | Split | 3-2-for-1 Stock Split | N/A |
| 1997-04-02 | Dividend | $0.26 | -- |
| 1997-01-02 | Dividend | $0.26 | -- |
| 1996-07-02 | Dividend | $0.26 | -- |
| 1996-04-02 | Dividend | $0.26 | +8.33% |
| 1996-01-03 | Dividend | $0.24 | -- |
| 1995-07-03 | Dividend | $0.24 | -- |
| 1995-03-30 | Dividend | $0.24 | +20.00% |
| 1994-12-29 | Dividend | $0.20 | -- |
| 1994-09-29 | Dividend | $0.20 | -- |
| 1994-06-28 | Dividend | $0.20 | -- |
| 1994-03-29 | Dividend | $0.20 | +33.33% |
| 1993-12-30 | Dividend | $0.15 | -- |
| 1993-09-29 | Dividend | $0.15 | -- |
| 1993-06-29 | Dividend | $0.15 | -- |
| 1993-03-30 | Dividend | $0.15 | +15.38% |
| 1992-12-29 | Dividend | $0.13 | -- |
| 1992-09-29 | Dividend | $0.13 | -- |
| 1992-06-29 | Dividend | $0.13 | -- |
| 1992-03-31 | Dividend | $0.13 | +13.04% |
| 1991-12-30 | Dividend | $0.12 | -- |
| 1991-09-30 | Dividend | $0.12 | -- |
| 1991-06-28 | Dividend | $0.12 | -- |
| 1991-04-01 | Dividend | $0.12 | +4.55% |
| 1990-12-28 | Dividend | $0.11 | -- |
| 1990-10-01 | Dividend | $0.11 | -- |
| 1990-06-28 | Dividend | $0.11 | -- |
| 1990-03-30 | Dividend | $0.11 | -- |
| 1989-12-29 | Dividend | $0.11 | -- |
| 1989-09-29 | Dividend | $0.11 | -84.00% |
| 1989-08-04 | Dividend | $0.69 | +525.00% |
| 1989-06-28 | Dividend | $0.11 | -- |
| 1989-03-30 | Dividend | $0.11 | -84.00% |
| 1989-02-06 | Dividend | $0.69 | +587.50% |
| 1988-12-29 | Dividend | $0.10 | -85.45% |
| 1988-11-04 | Dividend | $0.69 | -- |
IBCP Dividends vs. Peers
IBCP's dividend yield currently ranks #9 of 73 vs. its peers in the Midwest Regional Banks category.
Looking for More Information on IBCP dividends?
Here are a few links from around the web to help you further your research on Independent Bank Corp and its dividends:Independent Bank Corp Common Stock (IBCP) Dividend History | Nasdaq
Dividend History for Independent Bank Corp (IBCP) - Dividend Investor
Independent Bank Corp (IBCP) Dividend History - Seeking Alpha