Independent Bank Corp. (INDB) Dividends

Independent Bank Corp. (INDB): $46.96

0.45 (+0.97%)

POWR Rating

Component Grades

Momentum

B

Stability

C

Sentiment

Quality

C

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Industry: Northeast Regional Banks

Industry

F

Ranked

#50 of 65

in industry

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
4.90%
INDB Annual Dividend
$2.28
INDB Payout Ratio

INDB Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$46.96$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
2024-03-28Dividend$0.57+3.64%
2023-12-22Dividend$0.55--
2023-09-29Dividend$0.55--
2023-06-23Dividend$0.55--
2023-03-24Dividend$0.55--
2022-12-23Dividend$0.55+7.84%
2022-09-23Dividend$0.51--
2022-06-24Dividend$0.51--
2022-03-25Dividend$0.51+6.25%
2021-12-23Dividend$0.48--
2021-09-24Dividend$0.48--
2021-06-25Dividend$0.48--
2021-03-26Dividend$0.48+4.35%
2020-12-24Dividend$0.46--
2020-09-25Dividend$0.46--
2020-06-26Dividend$0.46--
2020-03-27Dividend$0.46+4.55%
2019-12-27Dividend$0.44--
2019-09-27Dividend$0.44--
2019-06-28Dividend$0.44--
2019-03-22Dividend$0.44+15.79%
2018-12-28Dividend$0.38--
2018-09-28Dividend$0.38--
2018-06-29Dividend$0.38--
2018-03-23Dividend$0.38+18.75%
2017-12-22Dividend$0.32--
2017-09-29Dividend$0.32--
2017-06-22Dividend$0.32--
2017-03-23Dividend$0.32+10.34%
2016-12-21Dividend$0.29--
2016-09-22Dividend$0.29--
2016-06-23Dividend$0.29--
2016-03-23Dividend$0.29+11.54%
2015-12-23Dividend$0.26--
2015-09-24Dividend$0.26--
2015-06-25Dividend$0.26--
2015-03-26Dividend$0.26+8.33%
2014-12-24Dividend$0.24--
2014-09-25Dividend$0.24--
2014-06-26Dividend$0.24--
2014-03-27Dividend$0.24+9.09%
2013-12-26Dividend$0.22--
2013-09-26Dividend$0.22--
2013-06-27Dividend$0.22--
2013-03-27Dividend$0.22+4.76%
2012-12-20Dividend$0.21--
2012-09-27Dividend$0.21--
2012-06-28Dividend$0.21--
2012-03-22Dividend$0.21+10.53%
2011-12-21Dividend$0.19--
2011-09-22Dividend$0.19--
2011-06-23Dividend$0.19--
2011-03-24Dividend$0.19+5.56%
2010-12-22Dividend$0.18--
2010-09-23Dividend$0.18--
2010-06-24Dividend$0.18--
2010-03-25Dividend$0.18--
2009-12-23Dividend$0.18--
2009-09-24Dividend$0.18--
2009-06-25Dividend$0.18--
2009-03-26Dividend$0.18--
2008-12-24Dividend$0.18--
2008-09-25Dividend$0.18--
2008-06-26Dividend$0.18--
2008-03-27Dividend$0.18+5.88%
2007-12-20Dividend$0.17--
2007-09-21Dividend$0.17--
2007-06-22Dividend$0.17--
2007-03-22Dividend$0.17+6.25%
2006-12-21Dividend$0.16--
2006-09-26Dividend$0.16--
2006-06-22Dividend$0.16--
2006-03-23Dividend$0.16+6.67%
2005-12-21Dividend$0.15--
2005-09-22Dividend$0.15--
2005-06-23Dividend$0.15--
2005-03-22Dividend$0.15+7.14%
2004-12-29Dividend$0.14--
2004-09-22Dividend$0.14--
2004-06-23Dividend$0.14--
2004-03-24Dividend$0.14+7.69%
2003-12-23Dividend$0.13--
2003-09-24Dividend$0.13--
2003-06-25Dividend$0.13--
2003-03-26Dividend$0.13+8.33%
2002-12-24Dividend$0.12--
2002-09-25Dividend$0.12--
2002-06-26Dividend$0.12--
2002-03-26Dividend$0.12+9.09%
2001-12-26Dividend$0.11--
2001-09-26Dividend$0.11--
2001-06-27Dividend$0.11--
2001-03-28Dividend$0.11+10.00%
2000-12-27Dividend$0.10--
2000-09-27Dividend$0.10--
2000-06-28Dividend$0.10--
2000-03-29Dividend$0.10--
1999-12-29Dividend$0.10--
1999-09-22Dividend$0.10--
1999-06-23Dividend$0.10--
1999-03-24Dividend$0.10--
1998-12-22Dividend$0.10--
1998-09-23Dividend$0.10--
1998-06-24Dividend$0.10--
1998-03-25Dividend$0.10+11.11%
1997-12-23Dividend$0.09--
1997-09-24Dividend$0.09+12.50%
1997-06-25Dividend$0.08--
1997-03-25Dividend$0.08+14.29%
1996-12-24Dividend$0.07+16.67%
1996-09-25Dividend$0.06--
1996-06-26Dividend$0.06--
1996-03-27Dividend$0.06+20.00%
1995-12-27Dividend$0.05--
1995-09-27Dividend$0.05+25.00%
1995-06-21Dividend$0.04--
1995-03-20Dividend$0.04--
1994-12-19Dividend$0.04--
1994-10-07Dividend$0.04-55.56%
1990-03-15Dividend$0.09--
1989-12-18Dividend$0.09--
1989-09-14Dividend$0.09+12.50%
1989-06-14Dividend$0.08--
1989-03-14Dividend$0.08--
1988-12-16Dividend$0.08--


INDB Dividends vs. Peers

INDB's dividend yield currently ranks #32 of 111 vs. its peers in the Northeast Regional Banks category.
Rank Symbol Name Dividend Yield
1 NECB Northeast Community Bancorp 0.00%
2 SBBX SB One Bancorp 0.00%
3 OBT Orange County Bancorp, Inc. /DE/ 0.00%
4 PNBK Patriot National Bancorp Inc. 0.00%
5 SBNY Signature Bank 0.00%
6 NFBK Northfield Bancorp, Inc. 0.00%
7 PCSB PCSB Financial Corporation 0.00%
8 FCF First Commonwealth Financial Corporation 0.00%
9 CATC Cambridge Bancorp 0.00%
10 QNBC Qnb Corp 0.00%
11 EBSB Meridian Bancorp, Inc. 0.00%
12 BLMT BSB Bancorp, Inc. 0.00%
13 EBTC Enterprise Bancorp Inc 0.00%
14 CNBKA Century Bancorp, Inc. - 0.00%
15 WASH Washington Trust Bancorp, Inc. 0.00%
16 BNCL Beneficial Bancorp, Inc. 0.00%
17 CNOB ConnectOne Bancorp, Inc. 0.00%
18 FULT Fulton Financial Corporation 0.00%
19 MRBK Meridian Corporation 0.00%
20 WBS Webster Financial Corporation 0.00%
21 STND Standard AVB Financial Corp. 0.00%
22 MCB Metropolitan Bank Holding Corp. 0.00%
23 BPFH Boston Private Financial Holdings, Inc. 0.00%
24 LSBG Lake Sunapee Bk Cmn 0.00%
25 LSBK Lake Shore Bancorp, Inc. 0.00%
26 BRKL Brookline Bancorp, Inc. 0.00%
27 EMCF Emclaire Financial Corp 0.00%
28 PBFS Pioneer Bancorp, Inc. 0.00%
29 BHLB Berkshire Hills Bancorp, Inc. 0.00%
30 GCBC Greene County Bancorp, Inc. 0.00%
31 ESQ Esquire Financial Holdings, Inc. 0.00%
32 INDB Independent Bank Corp. 0.00%
33 WNEB Western New England Bancorp, Inc. 0.00%
34 SBT Sterling Bancorp, Inc. 0.00%
35 SIFI SI Financial Group, Inc. 0.00%
36 TRCB Two River Bancorp 0.00%
37 BWFG Bankwell Financial Group, Inc. 0.00%
38 CLBK Columbia Financial, Inc. 0.00%
39 PDLB PDL Community Bancorp 0.00%
40 CAC Camden National Corporation 0.00%
41 TRST TrustCo Bank Corp NY 0.00%
42 OCFC OceanFirst Financial Corp. 0.00%
43 WVFC WVS Financial Corp. 0.00%
44 BHB Bar Harbor Bankshares, Inc. 0.00%
45 CSBK Clifton Bancorp Inc. 0.00%
46 TSC TriState Capital Holdings, Inc. 0.00%
47 FDBC Fidelity D & D Bancorp, Inc. 0.00%
48 HNVR Hanover Bancorp, Inc. 0.00%
49 BKJ Bancorp of New Jersey, Inc 0.00%
50 ESSA ESSA Bancorp, Inc. - common stock 0.00%
51 ISBC Investors Bancorp, Inc. 0.00%
52 NYCB New York Community Bancorp, Inc. 0.00%
53 CARV Carver Bancorp, Inc. 0.00%
54 SNBC Sun Bancorp, Inc. 0.00%
55 FRAF Franklin Financial Services Corporation 0.00%
56 PBBK PB Bankshares, Inc. 0.00%
57 BPRN The Bank of Princeton 0.00%
58 AROW Arrow Financial Corporation 0.00%
59 CBFV CB Financial Services, Inc. 0.00%
60 LNKB LINKBANCORP Inc. 0.00%
61 ORIT Oritani Financial Corp. 0.00%
62 UBNK United Financial Bancorp, Inc. 0.00%
63 HONE HarborOne Bancorp, Inc. 0.00%
64 WMPN William Penn Bancorporation 0.00%
65 ORRF Orrstown Financial Services Inc 0.00%
66 CVLY Codorus Valley Bancorp, Inc 0.00%
67 MGYR Magyar Bancorp, Inc. 0.00%
68 ASRV AmeriServ Financial Inc. 0.00%
69 FBNK First Connecticut Bancorp, Inc. 0.00%
70 FCCY 1st Constitution Bancorp (NJ) 0.00%
71 UNB Union Bankshares, Inc. 0.00%
72 BLFY Blue Foundry Bancorp 0.00%
73 UNTY Unity Bancorp, Inc. 0.00%
74 PVBC Provident Bancorp, Inc. 0.00%
75 CUBI Customers Bancorp, Inc 0.00%
76 STL Sterling Bancorp 0.00%
77 PBCT People's United Financial, Inc. 0.00%
78 DCOM Dime Community Bancshares, Inc. 0.00%
79 FFIC Flushing Financial Corporation 0.00%
80 PBHC Pathfinder Bancorp, Inc. 0.00%
81 PBIP Prudential Bancorp, Inc. 0.00%
82 RNDB Randolph Bancorp, Inc. 0.00%
83 UVSP Univest Financial Corporation 0.00%
84 STBA S&T Bancorp, Inc. 0.00%
85 FISI Financial Institutions, Inc. 0.00%
86 HIFS Hingham Institution for Savings 0.00%
87 TMP Tompkins Financial Corporation 0.00%
88 KRNY Kearny Financial 0.00%
89 ACNB ACNB Corporation 0.00%
90 FLIC The First of Long Island Corporation 0.00%
91 CHMG Chemung Financial Corp 0.00%
92 AMAL Amalgamated Financial Corp. 0.00%
93 CBU Community Bank System, Inc. 0.00%
94 BCBP BCB Bancorp, Inc. (NJ) 0.00%
95 LBAI Lakeland Bancorp, Inc. 0.00%
96 PFIS Peoples Financial Services Corp. 0.00%
97 FNLC First Bancorp, Inc (ME) 0.00%
98 BDGE Bridge Bancorp, Inc. 0.00%
99 PGC Peapack-Gladstone Financial Corporation 0.00%
100 PFS Provident Financial Services, Inc 0.00%
101 EVBN Evans Bancorp, Inc. 0.00%
102 FNCB FNCB Bancorp Inc. 0.00%
103 HTBI HomeTrust Bancshares, Inc. 0.00%
104 VLY Valley National Bancorp 0.00%
105 PKBK Parke Bancorp, Inc. 0.00%
106 NBN Northeast Bank 0.00%
107 NBTB NBT Bancorp Inc. 0.00%
108 BHBK Blue Hills Bancorp, Inc. 0.00%
109 SAL Salisbury Bancorp, Inc. 0.00%
110 AF Astoria Financial Corporation 0.00%
111 FRBK Republic First Bancorp, Inc. 0.00%

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