STOCK DIVIDEND AND STOCK SPLIT
The most common method for companies to distribute wealth among shareholders is to pay dividends in the form of cash or stock. When a company has a low level of liquid cash on hand, stock dividends are typically issued in lieu of cash dividends. It is the board of directors that decides whether a dividend should be declared and in what form it should be distributed. Dividend yield is also a financial ratio that shows how much a company pays out in dividends on its shares each year, which is something investors look for in a stock.
Dividend Rate
Trailing Annual Dividend Rate
$2.30
Forward Annual Dividend Rate
$2.36
Yield
Trailing Annual Dividend Yield
3.65%
Forward Annual Dividend Yield
2.81%
Dividend Date
Dividend Date
Oct 07, 2025
Ex-dividend Date
Sep 29, 2025
3.15 %
48.13
Dividend History
| Announced | Amount | Ex-Dividend Date | Record Date | Payment Date |
|---|---|---|---|---|
| Sep 18, 2025 | 0.59 | Sep 29, 2025 | Sep 29, 2025 | Oct 07, 2025 |
| Jun 18, 2025 | 0.59 | Jun 30, 2025 | Jun 30, 2025 | Jul 07, 2025 |
| Mar 20, 2025 | 0.59 | Mar 31, 2025 | Mar 31, 2025 | Apr 07, 2025 |
| Dec 12, 2024 | 0.57 | Dec 30, 2024 | Dec 30, 2024 | Jan 06, 2025 |
| Sep 19, 2024 | 0.57 | Sep 30, 2024 | Sep 30, 2024 | Oct 04, 2024 |
| Jun 20, 2024 | 0.57 | Jul 01, 2024 | Jul 01, 2024 | Jul 08, 2024 |
| Mar 21, 2024 | 0.57 | Mar 28, 2024 | Apr 01, 2024 | Apr 05, 2024 |
| Dec 14, 2023 | 0.55 | Dec 22, 2023 | Dec 26, 2023 | Jan 05, 2024 |
| Sep 21, 2023 | 0.55 | Sep 29, 2023 | Oct 02, 2023 | Oct 06, 2023 |
| Jun 15, 2023 | 0.55 | Jun 23, 2023 | Jun 26, 2023 | Jul 07, 2023 |
| Mar 16, 2023 | 0.55 | Mar 24, 2023 | Mar 27, 2023 | Apr 06, 2023 |
| Dec 08, 2022 | 0.55 | Dec 23, 2022 | Dec 27, 2022 | Jan 06, 2023 |
| Sep 15, 2022 | 0.51 | Sep 23, 2022 | Sep 26, 2022 | Oct 07, 2022 |
| Jun 16, 2022 | 0.51 | Jun 24, 2022 | Jun 27, 2022 | Jul 08, 2022 |
| Mar 17, 2022 | 0.51 | Mar 25, 2022 | Mar 28, 2022 | Apr 08, 2022 |
| Dec 09, 2021 | 0.48 | Dec 23, 2021 | Dec 27, 2021 | Jan 07, 2022 |
| Sep 16, 2021 | 0.48 | Sep 24, 2021 | Sep 27, 2021 | Oct 08, 2021 |
Stock Split History
| Date | Ratio | Change Before Split | Change After Split |
|---|---|---|---|
| Oct 01, 1987 | 3:2 | +2.36% | 0 |
Frequently Asked Questions
Is Independent Bank Corp. (INDB) a dividend paying company?
In a company, dividends are a portion of profits paid out to shareholders - investors getting a little bit back on their investment. In particular, dividends benefit investors, especially income-seeking investors, because they provide mutual benefits both to companies and investors. Dividends are a strong indicator for a company's ability to produce profits consistently and reflect favorably on its management. Independent Bank Corp. is also among the companies that regularly pay dividends.
What is INDB's dividend yield?
Many factors affect dividend yields, including global market conditions, interest rates, and the financial status of an individual company.However, the average dividend yield for a good company is between 2% and 6%. INDB's annual dividend yield for the trailing 12 months is 3.65.
When did INDB last pay a dividend?
INDB last paid dividends on 2025-10-07, with the ex-dividend date being 2025-09-29.
When was the last time INDB stock split?
INDB stock split took place on 01-10-1987.
How did INDB's stock split work?
Its last split took place on Oct 1, 1987, when Independent Bank Corp. went through a 3:2 split leaving the shareholder with 3 share(s) who previously owned 2 INDB share(s).