Independent Bank Corp. (INDB) Dividends

Independent Bank Corp. (INDB): $81.12

1.69 (+2.13%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

Dividend Yield and Dividend History Highlights

  • In terms of compounded growth rate of annual dividends, INDB's growth rate has been 0.17% over the past 5.5 years.
  • INDB has an EBITDA to net debt ratio of 206,083,000; for context, that's better than 90.81% 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 INDB's price and thus may be suitable peers for a diversified dividend portfolio, check out the following: CTAS, SWX, VERX, NI and PPL.
INDB Ex-Dividend Date
INDB Dividend Yield
2.57%
INDB Annual Dividend
$2.04
INDB Payout Ratio

INDB Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$81.12$70.64 -14.14%

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 INDB, the DDM model, as implemented by StockNews, implies a negative return of 14.14% relative to its current price. To help understand and contextualize the model's evaluation of INDB, investors may wish to consider are:

  • Beta is a measure of volatility relative to the stock market at large; for INDB, its beta is lower than 36.7% of stocks in the small-sized revenue class.
  • The stock's annual revenue of roughly $489 million puts it in the small-sized revenue class, where its estimated gain based on our dividend discount model price relative to its current share price is greater than 38.65% of companies in the same revenue class.
  • Based on dividend growth rate, Independent Bank Corp has been increasing its dividends at a faster rate than 80.41% of US-listed dividend-issuing stocks we observed.

INDB Dividend Chart


INDB Dividend History

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

INDB's dividend yield currently ranks #59 of 110 vs. its peers in the Northeast Regional Banks category.
Rank Symbol Name Dividend Yield
1 NYCB New York Community Bancorp, Inc. 7.51%
2 UNB Union Bankshares, Inc. 5.41%
3 QNBC Qnb Corp 5.30%
4 ISBC Investors Bancorp, Inc. 4.61%
5 LSBK Lake Shore Bancorp, Inc. 4.57%
6 TRST TrustCo Bank Corp NY 4.55%
7 FLIC The First of Long Island Corporation 4.53%
8 WASH Washington Trust Bancorp, Inc. 4.45%
9 FISI Financial Institutions, Inc. 4.45%
10 STBA S&T Bancorp, Inc. 4.35%
11 PFS Provident Financial Services, Inc 4.34%
12 CBFV CB Financial Services, Inc. 4.29%
13 FNLC First Bancorp, Inc (ME) 4.28%
14 FRAF Franklin Financial Services Corporation 4.27%
15 VLY Valley National Bancorp 4.17%
16 FFIC Flushing Financial Corporation 4.11%
17 FULT Fulton Financial Corporation 4.07%
18 NFBK Northfield Bancorp, Inc. 4.02%
19 BHB Bar Harbor Bankshares, Inc. 4.00%
20 KRNY Kearny Financial 3.95%
21 LBAI Lakeland Bancorp, Inc. 3.95%
22 BDGE Bridge Bancorp, Inc. 3.93%
23 BRKL Brookline Bancorp, Inc. 3.91%
24 ORIT Oritani Financial Corp. 3.87%
25 PBCT People's United Financial, Inc. 3.76%
26 BCBP BCB Bancorp, Inc. (NJ) 3.76%
27 FNCB FNCB Bancorp Inc. 3.76%
28 EVBN Evans Bancorp, Inc. 3.72%
29 WBS Webster Financial Corporation 3.68%
30 CAC Camden National Corporation 3.68%
31 ESSA ESSA Bancorp, Inc. - common stock 3.64%
32 BPRN The Bank of Princeton 3.62%
33 FCF First Commonwealth Financial Corporation 3.57%
34 OCFC OceanFirst Financial Corp. 3.54%
35 ACNB ACNB Corporation 3.52%
36 EMCF Emclaire Financial Corp 3.50%
37 UBNK United Financial Bancorp, Inc. 3.40%
38 AROW Arrow Financial Corporation 3.39%
39 FDBC Fidelity D & D Bancorp, Inc. 3.35%
40 BHBK Blue Hills Bancorp, Inc. 3.35%
41 UVSP Univest Financial Corporation 3.29%
42 DCOM Dime Community Bancshares, Inc. 3.22%
43 TMP Tompkins Financial Corporation 3.21%
44 WNEB Western New England Bancorp, Inc. 3.16%
45 ORRF Orrstown Financial Services Inc 3.14%
46 CATC Cambridge Bancorp 3.10%
47 ASRV AmeriServ Financial Inc. 3.05%
48 PKBK Parke Bancorp, Inc. 3.02%
49 NBTB NBT Bancorp Inc. 2.99%
50 WVFC WVS Financial Corp. 2.81%
51 PFIS Peoples Financial Services Corp. 2.81%
52 CBU Community Bank System, Inc. 2.72%
53 CVLY Codorus Valley Bancorp, Inc 2.71%
54 SAL Salisbury Bancorp, Inc. 2.71%
55 MRBK Meridian Corporation 2.70%
56 CHMG Chemung Financial Corp 2.70%
57 LSBG Lake Sunapee Bk Cmn 2.59%
58 BWFG Bankwell Financial Group, Inc. 2.58%
59 INDB Independent Bank Corp. 2.57%
60 EBTC Enterprise Bancorp Inc 2.54%
61 CNOB ConnectOne Bancorp, Inc. 2.51%
62 RNDB Randolph Bancorp, Inc. 2.28%
63 SIFI SI Financial Group, Inc. 2.18%
64 OBT Orange County Bancorp, Inc. /DE/ 2.11%
65 NECB Northeast Community Bancorp 2.03%
66 HONE HarborOne Bancorp, Inc. 2.03%
67 HNVR Hanover Bancorp, Inc. 1.97%
68 BHLB Berkshire Hills Bancorp, Inc. 1.93%
69 PBHC Pathfinder Bancorp, Inc. 1.86%
70 SBBX SB One Bancorp 1.84%
71 PBIP Prudential Bancorp, Inc. 1.83%
72 EBSB Meridian Bancorp, Inc. 1.66%
73 UNTY Unity Bancorp, Inc. 1.66%
74 BPFH Boston Private Financial Holdings, Inc. 1.63%
75 AMAL Amalgamated Financial Corp. 1.61%
76 CSBK Clifton Bancorp Inc. 1.54%
77 BNCL Beneficial Bancorp, Inc. 1.49%
78 PCSB PCSB Financial Corporation 1.47%
79 FCCY 1st Constitution Bancorp (NJ) 1.44%
80 HTBI HomeTrust Bancshares, Inc. 1.44%
81 TRCB Two River Bancorp 1.25%
82 SBNY Signature Bank 1.22%
83 GCBC Greene County Bancorp, Inc. 1.14%
84 ESQ Esquire Financial Holdings, Inc. 1.08%
85 STL Sterling Bancorp 1.07%
86 WMPN William Penn Bancorporation 1.03%
87 PVBC Provident Bancorp, Inc. 1.03%
88 MGYR Magyar Bancorp, Inc. 1.01%
89 HIFS Hingham Institution for Savings 0.80%
90 AF Astoria Financial Corporation 0.74%
91 PGC Peapack-Gladstone Financial Corporation 0.66%
92 CNBKA Century Bancorp, Inc. - 0.62%
93 SNBC Sun Bancorp, Inc. 0.16%
94 NBN Northeast Bank 0.11%
95 PNBK Patriot National Bancorp Inc. 0.00%
96 BLMT BSB Bancorp, Inc. 0.00%
97 MCB Metropolitan Bank Holding Corp. 0.00%
98 PBFS Pioneer Bancorp, Inc. 0.00%
99 SBT Sterling Bancorp, Inc. 0.00%
100 CLBK Columbia Financial, Inc. 0.00%
101 PDLB PDL Community Bancorp 0.00%
102 TSC TriState Capital Holdings, Inc. 0.00%
103 BKJ Bancorp of New Jersey, Inc 0.00%
104 CARV Carver Bancorp, Inc. 0.00%
105 PBBK PB Bankshares, Inc. 0.00%
106 FBNK First Connecticut Bancorp, Inc. 0.00%
107 BLFY Blue Foundry Bancorp 0.00%
108 CUBI Customers Bancorp, Inc 0.00%
109 FRBK Republic First Bancorp, Inc. 0.00%
110 STND Standard AVB Financial Corp. 0.00%

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