Independent Bank Corporation (IBCP) Dividends

Independent Bank Corporation (IBCP): $26.28

0.01 (+0.04%)

POWR Rating

Component Grades

Momentum

B

Stability

B

Sentiment

Quality

C

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Industry: Midwest Regional Banks

Industry

F

Ranked

#5 of 45

in industry

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
3.63%
IBCP Annual Dividend
$0.96
IBCP Payout Ratio

IBCP Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$26.28$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
2024-05-02Dividend$0.24--
2024-02-02Dividend$0.24+4.35%
2023-11-02Dividend$0.23--
2023-08-03Dividend$0.23--
2023-05-04Dividend$0.23--
2023-02-15Dividend$0.23+4.55%
2022-11-03Dividend$0.22--
2022-08-04Dividend$0.22--
2022-05-04Dividend$0.22--
2022-02-03Dividend$0.22+4.76%
2021-11-04Dividend$0.21--
2021-08-05Dividend$0.21--
2021-05-04Dividend$0.21--
2021-02-04Dividend$0.21+5.00%
2020-11-04Dividend$0.20--
2020-08-03Dividend$0.20--
2020-05-04Dividend$0.20--
2020-02-04Dividend$0.20+11.11%
2019-11-05Dividend$0.18--
2019-08-05Dividend$0.18--
2019-05-03Dividend$0.18--
2019-02-04Dividend$0.18+20.00%
2018-11-02Dividend$0.15--
2018-08-03Dividend$0.15--
2018-05-04Dividend$0.15--
2018-02-06Dividend$0.15+25.00%
2017-11-03Dividend$0.12+20.00%
2017-08-03Dividend$0.10--
2017-05-04Dividend$0.10--
2017-02-06Dividend$0.10--
2016-11-03Dividend$0.10+25.00%
2016-08-04Dividend$0.08--
2016-05-04Dividend$0.08--
2016-02-03Dividend$0.08--
2015-11-05Dividend$0.08+33.33%
2015-08-05Dividend$0.06--
2015-05-01Dividend$0.06--
2015-02-04Dividend$0.06--
2014-11-05Dividend$0.06--
2014-08-01Dividend$0.06--
2014-04-28Dividend$0.06+500.00%
2010-09-01Split1-10-for-1 Stock SplitN/A
2009-10-01Dividend$0.01--
2009-07-01Dividend$0.01--
2009-04-02Dividend$0.01--
2008-12-31Dividend$0.01--
2008-10-02Dividend$0.01--
2008-07-02Dividend$0.01-90.91%
2008-04-02Dividend$0.11-47.62%
2008-01-02Dividend$0.21--
2007-10-03Dividend$0.21--
2007-07-02Dividend$0.21--
2007-04-03Dividend$0.21+5.00%
2007-01-03Dividend$0.20--
2006-10-03Dividend$0.20--
2006-06-30Dividend$0.20--
2006-04-03Dividend$0.20+5.26%
2006-01-03Dividend$0.19--
2005-10-03Dividend$0.19--
2005-06-30Dividend$0.19--
2005-04-01Dividend$0.19+11.76%
2005-01-03Dividend$0.17--
2004-10-01Dividend$0.17+6.25%
2004-07-01Dividend$0.16--
2004-04-01Dividend$0.16--
2003-12-31Dividend$0.16-85.45%
2003-10-02Dividend$1.10+587.50%
2003-07-01Dividend$0.16+14.29%
2003-04-02Dividend$0.14+133.33%
2003-01-02Split3-2-for-1 Stock SplitN/A
2002-10-02Dividend$0.18--
2002-07-02Dividend$0.18--
2002-04-03Dividend$0.18--
2002-01-03Dividend$0.18+12.50%
2001-10-03Dividend$0.16--
2001-07-02Dividend$0.16--
2001-04-03Dividend$0.16+6.67%
2001-01-03Dividend$0.15--
2000-06-30Dividend$0.15--
2000-04-03Dividend$0.15+7.14%
2000-01-03Dividend$0.14--
1999-06-30Dividend$0.14--
1999-03-31Dividend$0.14+7.69%
1998-12-31Dividend$0.13+200.00%
1998-07-01Split3-2-for-1 Stock SplitN/A
1998-06-30Dividend$0.13-33.33%
1998-04-02Dividend$0.20+5.41%
1997-12-31Dividend$0.19--
1997-07-01Dividend$0.19+119.23%
1997-05-01Split3-2-for-1 Stock SplitN/A
1997-04-02Dividend$0.26--
1997-01-02Dividend$0.26--
1996-07-02Dividend$0.26--
1996-04-02Dividend$0.26+8.33%
1996-01-03Dividend$0.24--
1995-07-03Dividend$0.24--
1995-03-30Dividend$0.24+20.00%
1994-12-29Dividend$0.20--
1994-09-29Dividend$0.20--
1994-06-28Dividend$0.20--
1994-03-29Dividend$0.20+33.33%
1993-12-30Dividend$0.15--
1993-09-29Dividend$0.15--
1993-06-29Dividend$0.15--
1993-03-30Dividend$0.15+15.38%
1992-12-29Dividend$0.13--
1992-09-29Dividend$0.13--
1992-06-29Dividend$0.13--
1992-03-31Dividend$0.13+13.04%
1991-12-30Dividend$0.12--
1991-09-30Dividend$0.12--
1991-06-28Dividend$0.12--
1991-04-01Dividend$0.12+4.55%
1990-12-28Dividend$0.11--
1990-10-01Dividend$0.11--
1990-06-28Dividend$0.11--
1990-03-30Dividend$0.11--
1989-12-29Dividend$0.11--
1989-09-29Dividend$0.11-84.00%
1989-08-04Dividend$0.69+525.00%
1989-06-28Dividend$0.11--
1989-03-30Dividend$0.11-84.00%
1989-02-06Dividend$0.69+587.50%
1988-12-29Dividend$0.10-85.45%
1988-11-04Dividend$0.69--


IBCP Dividends vs. Peers

IBCP's dividend yield currently ranks #9 of 73 vs. its peers in the Midwest Regional Banks category.
Rank Symbol Name Dividend Yield
1 FRME First Merchants Corporation 0.00%
2 HWBK Hawthorn Bancshares, Inc. 0.00%
3 NCBS Nicolet Bankshares Inc. 0.00%
4 GWB Great Western Bancorp, Inc. 0.00%
5 SBFG SB Financial Group, Inc. 0.00%
6 BKMU Bank Mutual Corporation 0.00%
7 FSFG First Savings Financial Group, Inc. 0.00%
8 LKFN Lakeland Financial Corporation 0.00%
9 IBCP Independent Bank Corporation 0.00%
10 MSBI Midland States Bancorp, Inc. 0.00%
11 ICBK County Bancorp, Inc. 0.00%
12 EBMT Eagle Bancorp Montana, Inc. 0.00%
13 CBCYB Central Bancompany, Inc. 0.00%
14 TFSL TFS Financial Corporation 0.00%
15 GABC German American Bancorp, Inc. 0.00%
16 SFNC Simmons First National Corporation 0.00%
17 THFF First Financial Corp. (Indiana) 0.00%
18 LEVL Level One Bancorp, Inc. 0.00%
19 ALTA Altabancorp 0.00%
20 INBK First Internet Bancorp 0.00%
21 PFC Premier Financial Corp. 0.00%
22 BUSE First Busey Corporation 0.00%
23 GFED Guaranty Federal Bancshares, Inc. 0.00%
24 KEY KeyCorp 0.00%
25 BY Byline Bancorp, Inc. 0.00%
26 WSBF Waterstone Financial, Inc. 0.00%
27 MBCN Middlefield Banc Corp. 0.00%
28 MBFI MB Financial Inc. 0.00%
29 PRK Park National Corporation 0.00%
30 PVTB PrivateBancorp, Inc. 0.00%
31 WTFC Wintrust Financial Corporation 0.00%
32 MBTF M B T Financial Corp 0.00%
33 MBWM Mercantile Bank Corporation 0.00%
34 MCBC Macatawa Bank Corporation 0.00%
35 COFS ChoiceOne Financial Services, Inc. 0.00%
36 SMBC Southern Missouri Bancorp, Inc. 0.00%
37 IROQ IF Bancorp, Inc. 0.00%
38 CASH Meta Financial Group, Inc. 0.00%
39 ONB Old National Bancorp 0.00%
40 MFNC Mackinac Financial Corporation 0.00%
41 MFSF MutualFirst Financial Inc. 0.00%
42 CBSH Commerce Bancshares, Inc. 0.00%
43 FMAO Farmers & Merchants Bancorp, Inc. 0.00%
44 UBOH United Bancshares, Inc. 0.00%
45 OSBC Old Second Bancorp, Inc. 0.00%
46 FBIZ First Business Financial Services, Inc. 0.00%
47 FCAP First Capital, Inc. 0.00%
48 ATLO Ames National Corporation 0.00%
49 ASB Associated Banc-Corp 0.00%
50 HBAN Huntington Bancshares Inc. 0.00%
51 CZWI Citizens Community Bancorp, Inc. 0.00%
52 SRCE 1st Source Corporation 0.00%
53 FFBC First Financial Bancorp. 0.00%
54 CFBK Central Federal Corporation 0.00%
55 CFFN Capitol Federal Financial, Inc. 0.00%
56 BFC Bank First Corporation 0.00%
57 FFWM First Foundation Inc. 0.00%
58 FITB Fifth Third Bancorp 0.00%
59 NBHC National Bank Holdings Corporation 0.00%
60 CHFC Chemical Financial Corporation 0.00%
61 MSFG MainSource Financial Group, Inc. 0.00%
62 HMNF HMN Financial, Inc. 0.00%
63 PEBO Peoples Bancorp Inc. 0.00%
64 FMBH First Mid Bancshares, Inc. 0.00%
65 FMBI First Midwest Bancorp, Inc. 0.00%
66 LARK Landmark Bancorp Inc. 0.00%
67 FMNB Farmers National Banc Corp. 0.00%
68 FCFP First Community Financial Partners, Inc. 0.00%
69 EQBK Equity Bancshares, Inc. - 0.00%
70 CIZN Citizens Holding Company 0.00%
71 BFIN BankFinancial Corporation 0.00%
72 BWB Bridgewater Bancshares, Inc. 0.00%
73 TCF TCF Financial Corporation 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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