Independent Bank Corp. Offers 3.16% Dividend Yield and 8.5% Annualized Dividend Growth

Zacks Investment Research··Read original
2▲2 ▼0Impact / 5
Summary · why it matters

Independent Bank Corp. currently pays a quarterly dividend of $0.64 per share, yielding 3.16%, which exceeds the Banks - Northeast industry average of 2.23% and the S&P 500's 1.43%. The company's annualized dividend of $2.56 represents an 8.5% increase from last year, and it has raised its dividend five times over the past five years for an average annual increase of 5.67%. With a payout ratio of 41% and a Zacks Consensus Estimate for fiscal 2026 earnings of $7.33 per share, implying year-over-year earnings growth of 29.96%, the stock carries a Zacks Rank of 3, or Hold.

Impact on assets 2

Financials▲ · 2 stocks
Independent Bank
INDB
▲ PositiveCapitalrelevance

The article highlights a 3.16% dividend yield above industry average, 8.5% annualized dividend growth, and a low payout ratio, indicating strong financial health and shareholder returns.

Independent Bank Corporation
IBCP
▲ PositiveCapitalrelevance

Article highlights dividend yield above industry average, dividend growth, and strong earnings outlook, all positive for the stock.

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