Independent Bank Corp. (INDB) Dividends
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 Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $52.22 | $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 History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2024-03-28 | Dividend | $0.57 | +3.64% |
| 2023-12-22 | Dividend | $0.55 | -- |
| 2023-09-29 | Dividend | $0.55 | -- |
| 2023-06-23 | Dividend | $0.55 | -- |
| 2023-03-24 | Dividend | $0.55 | -- |
| 2022-12-23 | Dividend | $0.55 | +7.84% |
| 2022-09-23 | Dividend | $0.51 | -- |
| 2022-06-24 | Dividend | $0.51 | -- |
| 2022-03-25 | Dividend | $0.51 | +6.25% |
| 2021-12-23 | Dividend | $0.48 | -- |
| 2021-09-24 | Dividend | $0.48 | -- |
| 2021-06-25 | Dividend | $0.48 | -- |
| 2021-03-26 | Dividend | $0.48 | +4.35% |
| 2020-12-24 | Dividend | $0.46 | -- |
| 2020-09-25 | Dividend | $0.46 | -- |
| 2020-06-26 | Dividend | $0.46 | -- |
| 2020-03-27 | Dividend | $0.46 | +4.55% |
| 2019-12-27 | Dividend | $0.44 | -- |
| 2019-09-27 | Dividend | $0.44 | -- |
| 2019-06-28 | Dividend | $0.44 | -- |
| 2019-03-22 | Dividend | $0.44 | +15.79% |
| 2018-12-28 | Dividend | $0.38 | -- |
| 2018-09-28 | Dividend | $0.38 | -- |
| 2018-06-29 | Dividend | $0.38 | -- |
| 2018-03-23 | Dividend | $0.38 | +18.75% |
| 2017-12-22 | Dividend | $0.32 | -- |
| 2017-09-29 | Dividend | $0.32 | -- |
| 2017-06-22 | Dividend | $0.32 | -- |
| 2017-03-23 | Dividend | $0.32 | +10.34% |
| 2016-12-21 | Dividend | $0.29 | -- |
| 2016-09-22 | Dividend | $0.29 | -- |
| 2016-06-23 | Dividend | $0.29 | -- |
| 2016-03-23 | Dividend | $0.29 | +11.54% |
| 2015-12-23 | Dividend | $0.26 | -- |
| 2015-09-24 | Dividend | $0.26 | -- |
| 2015-06-25 | Dividend | $0.26 | -- |
| 2015-03-26 | Dividend | $0.26 | +8.33% |
| 2014-12-24 | Dividend | $0.24 | -- |
| 2014-09-25 | Dividend | $0.24 | -- |
| 2014-06-26 | Dividend | $0.24 | -- |
| 2014-03-27 | Dividend | $0.24 | +9.09% |
| 2013-12-26 | Dividend | $0.22 | -- |
| 2013-09-26 | Dividend | $0.22 | -- |
| 2013-06-27 | Dividend | $0.22 | -- |
| 2013-03-27 | Dividend | $0.22 | +4.76% |
| 2012-12-20 | Dividend | $0.21 | -- |
| 2012-09-27 | Dividend | $0.21 | -- |
| 2012-06-28 | Dividend | $0.21 | -- |
| 2012-03-22 | Dividend | $0.21 | +10.53% |
| 2011-12-21 | Dividend | $0.19 | -- |
| 2011-09-22 | Dividend | $0.19 | -- |
| 2011-06-23 | Dividend | $0.19 | -- |
| 2011-03-24 | Dividend | $0.19 | +5.56% |
| 2010-12-22 | Dividend | $0.18 | -- |
| 2010-09-23 | Dividend | $0.18 | -- |
| 2010-06-24 | Dividend | $0.18 | -- |
| 2010-03-25 | Dividend | $0.18 | -- |
| 2009-12-23 | Dividend | $0.18 | -- |
| 2009-09-24 | Dividend | $0.18 | -- |
| 2009-06-25 | Dividend | $0.18 | -- |
| 2009-03-26 | Dividend | $0.18 | -- |
| 2008-12-24 | Dividend | $0.18 | -- |
| 2008-09-25 | Dividend | $0.18 | -- |
| 2008-06-26 | Dividend | $0.18 | -- |
| 2008-03-27 | Dividend | $0.18 | +5.88% |
| 2007-12-20 | Dividend | $0.17 | -- |
| 2007-09-21 | Dividend | $0.17 | -- |
| 2007-06-22 | Dividend | $0.17 | -- |
| 2007-03-22 | Dividend | $0.17 | +6.25% |
| 2006-12-21 | Dividend | $0.16 | -- |
| 2006-09-26 | Dividend | $0.16 | -- |
| 2006-06-22 | Dividend | $0.16 | -- |
| 2006-03-23 | Dividend | $0.16 | +6.67% |
| 2005-12-21 | Dividend | $0.15 | -- |
| 2005-09-22 | Dividend | $0.15 | -- |
| 2005-06-23 | Dividend | $0.15 | -- |
| 2005-03-22 | Dividend | $0.15 | +7.14% |
| 2004-12-29 | Dividend | $0.14 | -- |
| 2004-09-22 | Dividend | $0.14 | -- |
| 2004-06-23 | Dividend | $0.14 | -- |
| 2004-03-24 | Dividend | $0.14 | +7.69% |
| 2003-12-23 | Dividend | $0.13 | -- |
| 2003-09-24 | Dividend | $0.13 | -- |
| 2003-06-25 | Dividend | $0.13 | -- |
| 2003-03-26 | Dividend | $0.13 | +8.33% |
| 2002-12-24 | Dividend | $0.12 | -- |
| 2002-09-25 | Dividend | $0.12 | -- |
| 2002-06-26 | Dividend | $0.12 | -- |
| 2002-03-26 | Dividend | $0.12 | +9.09% |
| 2001-12-26 | Dividend | $0.11 | -- |
| 2001-09-26 | Dividend | $0.11 | -- |
| 2001-06-27 | Dividend | $0.11 | -- |
| 2001-03-28 | Dividend | $0.11 | +10.00% |
| 2000-12-27 | Dividend | $0.10 | -- |
| 2000-09-27 | Dividend | $0.10 | -- |
| 2000-06-28 | Dividend | $0.10 | -- |
| 2000-03-29 | Dividend | $0.10 | -- |
| 1999-12-29 | Dividend | $0.10 | -- |
| 1999-09-22 | Dividend | $0.10 | -- |
| 1999-06-23 | Dividend | $0.10 | -- |
| 1999-03-24 | Dividend | $0.10 | -- |
| 1998-12-22 | Dividend | $0.10 | -- |
| 1998-09-23 | Dividend | $0.10 | -- |
| 1998-06-24 | Dividend | $0.10 | -- |
| 1998-03-25 | Dividend | $0.10 | +11.11% |
| 1997-12-23 | Dividend | $0.09 | -- |
| 1997-09-24 | Dividend | $0.09 | +12.50% |
| 1997-06-25 | Dividend | $0.08 | -- |
| 1997-03-25 | Dividend | $0.08 | +14.29% |
| 1996-12-24 | Dividend | $0.07 | +16.67% |
| 1996-09-25 | Dividend | $0.06 | -- |
| 1996-06-26 | Dividend | $0.06 | -- |
| 1996-03-27 | Dividend | $0.06 | +20.00% |
| 1995-12-27 | Dividend | $0.05 | -- |
| 1995-09-27 | Dividend | $0.05 | +25.00% |
| 1995-06-21 | Dividend | $0.04 | -- |
| 1995-03-20 | Dividend | $0.04 | -- |
| 1994-12-19 | Dividend | $0.04 | -- |
| 1994-10-07 | Dividend | $0.04 | -55.56% |
| 1990-03-15 | Dividend | $0.09 | -- |
| 1989-12-18 | Dividend | $0.09 | -- |
| 1989-09-14 | Dividend | $0.09 | +12.50% |
| 1989-06-14 | Dividend | $0.08 | -- |
| 1989-03-14 | Dividend | $0.08 | -- |
| 1988-12-16 | Dividend | $0.08 | -- |
INDB Dividends vs. Peers
INDB's dividend yield currently ranks #32 of 111 vs. its peers in the Northeast Regional Banks category.
Looking for More Information on INDB dividends?
Want to do more research on Independent Bank Corp's dividends? Try the links below:Independent Bank Corp Common Stock (INDB) Dividend History | Nasdaq
Dividend History for Independent Bank Corp (INDB) - Dividend Investor
Independent Bank Corp (INDB) Dividend History - Seeking Alpha