Independent Bank Corporation (IBCP) Dividends

Independent Bank Corporation (IBCP): $22.10

0.06 (+0.27%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

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 Ex-Dividend Date
IBCP Dividend Yield
3.80%
IBCP Annual Dividend
$0.84
IBCP Payout Ratio

IBCP Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$22.10$17.9 -17.89%

The Dividend Discount Model (DDM) is a valuation model that attempts to determine a fair share price for a stock, based on the dividend it provides in comparison to several company-specific metrics indicative of the riskiness of the stock and the financial health of the company. In the case of IBCP, the dividend discount model StockNews created for the company implies a negative return of 17.89%. Some interesting points we thought investors may wish to consider regarding the dividend discount model forecast for Independent Bank Corp are:

  • In comparison to other stocks in the Financial Services sector, Independent Bank Corp offers a higher dividend yield than 80.99% of them.
  • In terms of who is growing the amount of dividends they return to shareholders, IBCP boasts a higher growth rate in terms of its annual cash distributed to its owners than 87.95% of the dividend issuers in our set.
  • In comparison to its fellow dividend issuing stocks in the Financial Services sector, Independent Bank Corp has an equity discount rate lower than just 21.29% of them.

IBCP Dividend Chart


IBCP Dividend History

Ex-Dividend Date Type Payout Amount Change
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IBCP Dividends vs. Peers

IBCP's dividend yield currently ranks #11 of 72 vs. its peers in the Midwest Regional Banks category.
Rank Symbol Name Dividend Yield
1 TFSL TFS Financial Corporation 5.62%
2 CIZN Citizens Holding Company 5.07%
3 MBTF M B T Financial Corp 4.47%
4 MSBI Midland States Bancorp, Inc. 4.44%
5 PEBO Peoples Bancorp Inc. 4.44%
6 ATLO Ames National Corporation 4.42%
7 COFS ChoiceOne Financial Services, Inc. 4.01%
8 MCBC Macatawa Bank Corporation 3.93%
9 WSBF Waterstone Financial, Inc. 3.92%
10 FFBC First Financial Bancorp. 3.90%
11 IBCP Independent Bank Corporation 3.83%
12 HBAN Huntington Bancshares Incorporated 3.72%
13 ASB Associated Banc-Corp 3.65%
14 BUSE First Busey Corporation 3.59%
15 MBWM Mercantile Bank Corporation 3.55%
16 BFIN BankFinancial Corporation 3.50%
17 PFC Premier Financial Corp. 3.41%
18 ONB Old National Bancorp 3.28%
19 PRK Park National Corporation 3.26%
20 CHFC Chemical Financial Corporation 3.24%
21 MFSF MutualFirst Financial Inc. 3.22%
22 FMAO Farmers & Merchants Bancorp, Inc. 3.02%
23 FMBI First Midwest Bancorp, Inc. 2.92%
24 CFFN Capitol Federal Financial, Inc. 2.87%
25 LARK Landmark Bancorp Inc. 2.84%
26 FITB Fifth Third Bancorp 2.75%
27 FRME First Merchants Corporation 2.70%
28 MBCN Middlefield Banc Corp. 2.69%
29 UBOH United Bancshares, Inc. 2.69%
30 FMNB Farmers National Banc Corp. 2.62%
31 MFNC Mackinac Financial Corporation 2.60%
32 SRCE 1st Source Corporation 2.58%
33 HWBK Hawthorn Bancshares, Inc. 2.54%
34 GFED Guaranty Federal Bancshares, Inc. 2.53%
35 FCAP First Capital, Inc. 2.53%
36 THFF First Financial Corporation Indiana 2.52%
37 FBIZ First Business Financial Services, Inc. 2.51%
38 SBFG SB Financial Group, Inc. 2.40%
39 SFNC Simmons First National Corporation 2.37%
40 MBFI MB Financial Inc. 2.27%
41 EBMT Eagle Bancorp Montana, Inc. 2.22%
42 GABC German American Bancorp, Inc. 2.16%
43 NBHC National Bank Holdings Corporation 2.13%
44 FMBH First Mid Bancshares, Inc. 2.09%
45 MSFG MainSource Financial Group, Inc. 1.82%
46 LKFN Lakeland Financial Corporation 1.81%
47 SMBC Southern Missouri Bancorp, Inc. 1.68%
48 FSFG First Savings Financial Group, Inc. 1.66%
49 CZWI Citizens Community Bancorp, Inc. 1.66%
50 BKMU Bank Mutual Corporation 1.58%
51 IROQ IF Bancorp, Inc. 1.57%
52 ALTA Altabancorp 1.54%
53 OSBC Old Second Bancorp, Inc. 1.51%
54 BY Byline Bancorp, Inc. 1.48%
55 WTFC Wintrust Financial Corporation 1.48%
56 CBSH Commerce Bancshares, Inc. 1.47%
57 FFWM First Foundation Inc. 1.36%
58 BFC Bank First Corporation 1.20%
59 ICBK County Bancorp, Inc. 1.10%
60 EQBK Equity Bancshares, Inc. - 0.93%
61 LEVL Level One Bancorp, Inc. 0.82%
62 INBK First Internet Bancorp 0.74%
63 GWB Great Western Bancorp, Inc. 0.61%
64 CFBK Central Federal Corporation 0.61%
65 CASH Meta Financial Group, Inc. 0.33%
66 PVTB PrivateBancorp, Inc. 0.07%
67 NCBS Nicolet Bankshares Inc. 0.00%
68 HMNF HMN Financial, Inc. 0.00%
69 FCFP First Community Financial Partners, Inc. 0.00%
70 BWB Bridgewater Bancshares, Inc. 0.00%
71 TCF TCF Financial Corporation 0.00%
72 CBCYB Central Bancompany, Inc. 0.00%

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

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