Independent Bank Corporation (IBCP) Dividends

Independent Bank Corporation (IBCP): $24.17

-0.02 (-0.08%)

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
3.64%
IBCP Annual Dividend
$0.88
IBCP Payout Ratio

IBCP Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$24.17$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 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 #20 of 73 vs. its peers in the Midwest Regional Banks category.
Rank Symbol Name Dividend Yield
1 TFSL TFS Financial Corporation 8.17%
2 CIZN Citizens Holding Company 6.84%
3 PEBO Peoples Bancorp Inc. 5.15%
4 WSBF Waterstone Financial, Inc. 4.77%
5 KEY KeyCorp 4.70%
6 ATLO Ames National Corporation 4.69%
7 UBOH United Bancshares, Inc. 4.57%
8 MBTF M B T Financial Corp 4.47%
9 MSBI Midland States Bancorp, Inc. 4.37%
10 PFC Premier Financial Corp. 4.34%
11 FCAP First Capital, Inc. 4.30%
12 FMNB Farmers National Banc Corp. 4.27%
13 HBAN Huntington Bancshares Inc. 4.16%
14 COFS ChoiceOne Financial Services, Inc. 4.15%
15 BFIN BankFinancial Corporation 4.14%
16 CFFN Capitol Federal Financial, Inc. 4.10%
17 FITB Fifth Third Bancorp 4.01%
18 MBWM Mercantile Bank Corporation 3.83%
19 BUSE First Busey Corporation 3.70%
20 IBCP Independent Bank Corporation 3.64%
21 FFBC First Financial Bancorp. 3.64%
22 ASB Associated Banc-Corp 3.62%
23 SFNC Simmons First National Corporation 3.56%
24 LARK Landmark Bancorp Inc. 3.28%
25 CHFC Chemical Financial Corporation 3.24%
26 MFSF MutualFirst Financial Inc. 3.22%
27 EBMT Eagle Bancorp Montana, Inc. 3.17%
28 FFWM First Foundation Inc. 3.15%
29 HWBK Hawthorn Bancshares, Inc. 3.09%
30 ONB Old National Bancorp 3.08%
31 FRME First Merchants Corporation 3.05%
32 SBFG SB Financial Group, Inc. 3.03%
33 PRK Park National Corporation 2.98%
34 MCBC Macatawa Bank Corporation 2.97%
35 FMAO Farmers & Merchants Bancorp, Inc. 2.95%
36 MBCN Middlefield Banc Corp. 2.81%
37 FMBH First Mid Bancshares, Inc. 2.72%
38 MFNC Mackinac Financial Corporation 2.60%
39 FMBI First Midwest Bancorp, Inc. 2.60%
40 GABC German American Bancorp, Inc. 2.41%
41 NBHC National Bank Holdings Corporation 2.35%
42 SRCE 1st Source Corporation 2.34%
43 FSFG First Savings Financial Group, Inc. 2.31%
44 THFF First Financial Corp. (Indiana) 2.30%
45 MBFI MB Financial Inc. 2.27%
46 IROQ IF Bancorp, Inc. 2.19%
47 LKFN Lakeland Financial Corporation 2.14%
48 FBIZ First Business Financial Services, Inc. 2.10%
49 CZWI Citizens Community Bancorp, Inc. 2.00%
50 GFED Guaranty Federal Bancshares, Inc. 1.91%
51 MSFG MainSource Financial Group, Inc. 1.82%
52 SMBC Southern Missouri Bancorp, Inc. 1.68%
53 BY Byline Bancorp, Inc. 1.62%
54 WTFC Wintrust Financial Corporation 1.59%
55 BKMU Bank Mutual Corporation 1.58%
56 CBSH Commerce Bancshares, Inc. 1.55%
57 ALTA Altabancorp 1.54%
58 OSBC Old Second Bancorp, Inc. 1.17%
59 ICBK County Bancorp, Inc. 1.13%
60 EQBK Equity Bancshares, Inc. - 1.11%
61 HMNF HMN Financial, Inc. 1.05%
62 BFC Bank First Corporation 1.03%
63 INBK First Internet Bancorp 0.92%
64 CFBK Central Federal Corporation 0.85%
65 LEVL Level One Bancorp, Inc. 0.70%
66 GWB Great Western Bancorp, Inc. 0.65%
67 CASH Meta Financial Group, Inc. 0.47%
68 PVTB PrivateBancorp, Inc. 0.07%
69 NCBS Nicolet Bankshares Inc. 0.00%
70 FCFP First Community Financial Partners, Inc. 0.00%
71 BWB Bridgewater Bancshares, Inc. 0.00%
72 TCF TCF Financial Corporation 0.00%
73 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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