Independent Bank Corporation (IBCP) Dividends



Independent Bank Corporation (IBCP)

Today's Latest Price: $20.13 USD

0.22 (1.10%)

Updated Jan 22 4:00pm

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Overall POWR Rating

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POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank

Industry Rank:

Ranked of 60 in Midwest Regional Banks

See all "A" rated Strong Buy stocks

Dividend Yield and Dividend History Highlights

  • In terms of compounded growth rate of annual dividends, IBCP's growth rate has been 0.23% over the past 5.51 years.
  • To help you reduce price risk in your dividend portfolio, here are the dividend stocks that are least correlated with IBCP's price: DLNG, GECC, SCHL, CMS and TDS.
IBCP Ex-Dividend Date
IBCP Dividend Yield
4.02%
IBCP Annual Dividend
$0.80
IBCP Payout Ratio

IBCP Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$20.13$16.33 -3.98%

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, as implemented by StockNews, implies a negative return of 3.98% relative to its current price. To help understand and contextualize the model's evaluation of IBCP, investors may wish to consider are:

  • In comparison to stocks we observe that provide shareholders with a dividend, Independent Bank Corp produces a dividend yield 4.59% -- which falls in the top 19.96%.
  • 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 79.06% of the dividend issuers in our set.

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 #12 of 68 vs. its peers in the Midwest Regional Banks category.
Rank Symbol Name Dividend Yield
1 TFSL TFS Financial Corporation 5.93%
2 MSBI Midland States Bancorp, Inc. 5.53%
3 CIZN Citizens Holding Company 4.86%
4 FFBC First Financial Bancorp. 4.60%
5 PEBO Peoples Bancorp Inc. 4.54%
6 BFIN BankFinancial Corporation 4.50%
7 MBTF M B T Financial Corp 4.47%
8 MFNC Mackinac Financial Corporation 4.32%
9 WSBF Waterstone Financial, Inc. 4.22%
10 ATLO Ames National Corporation 4.16%
11 HBAN Huntington Bancshares Incorporated 4.14%
12 IBCP Independent Bank Corporation 4.02%
13 MBWM Mercantile Bank Corporation 3.91%
14 BUSE First Busey Corporation 3.86%
15 ASB Associated Banc-Corp 3.76%
16 PRK Park National Corporation 3.68%
17 MCBC Macatawa Bank Corporation 3.65%
18 FITB Fifth Third Bancorp 3.52%
19 FBIZ First Business Financial Services, Inc. 3.42%
20 PFC Premier Financial Corp. 3.36%
21 COFS ChoiceOne Financial Services, Inc. 3.28%
22 CHFC Chemical Financial Corporation 3.24%
23 TCF TCF Financial Corporation 3.24%
24 GFED Guaranty Federal Bancshares, Inc. 3.23%
25 MFSF MutualFirst Financial Inc. 3.22%
26 FMNB Farmers National Banc Corp. 3.22%
27 LARK Landmark Bancorp Inc. 3.19%
28 ONB Old National Bancorp 3.16%
29 FMBI First Midwest Bancorp, Inc. 3.14%
30 MBCN Middlefield Banc Corp. 3.08%
31 FMAO Farmers & Merchants Bancorp, Inc. 2.83%
32 SRCE 1st Source Corporation 2.70%
33 FRME First Merchants Corporation 2.62%
34 THFF First Financial Corporation Indiana 2.62%
35 CFFN Capitol Federal Financial, Inc. 2.62%
36 SFNC Simmons First National Corporation 2.61%
37 HWBK Hawthorn Bancshares, Inc. 2.60%
38 SBFG SB Financial Group, Inc. 2.49%
39 FMBH First Mid Bancshares, Inc. 2.35%
40 NBHC National Bank Holdings Corporation 2.28%
41 MBFI MB Financial Inc. 2.27%
42 GABC German American Bancorp, Inc. 2.24%
43 ICBK County Bancorp, Inc. 2.03%
44 LKFN Lakeland Financial Corporation 2.00%
45 CZWI Citizens Community Bancorp, Inc. 1.93%
46 SMBC Southern Missouri Bancorp, Inc. 1.91%
47 EBMT Eagle Bancorp Montana, Inc. 1.89%
48 ALTA Altabancorp 1.86%
49 MSFG MainSource Financial Group, Inc. 1.82%
50 FCAP First Capital, Inc. 1.75%
51 WTFC Wintrust Financial Corporation 1.72%
52 BKMU Bank Mutual Corporation 1.58%
53 CBSH Commerce Bancshares, Inc. 1.58%
54 FFWM First Foundation Inc. 1.35%
55 BFC Bank First Corporation 1.20%
56 FSFG First Savings Financial Group, Inc. 1.11%
57 LEVL Level One Bancorp, Inc. 1.01%
58 INBK First Internet Bancorp 0.76%
59 BY Byline Bancorp, Inc. 0.73%
60 CASH Meta Financial Group, Inc. 0.52%
61 OSBC Old Second Bancorp, Inc. 0.38%
62 GWB Great Western Bancorp, Inc. 0.17%
63 PVTB PrivateBancorp, Inc. 0.07%
64 NCBS Nicolet Bankshares Inc. 0.00%
65 FCFP First Community Financial Partners, Inc. 0.00%
66 EQBK Equity Bancshares, Inc. - 0.00%
67 BWB Bridgewater Bancshares, Inc. 0.00%
68 CBCYB Central Bancompany, Inc. 0.00%

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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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