Independent Bank Corporation (NASDAQ:IBCP) Announces Quarterly Dividend of $0.28

Posted by Stephan Jacobs on Jul 22nd, 2026

Independent Bank Corporation (NASDAQ:IBCP – Get Free Report) declared a quarterly dividend on Tuesday, July 21st. Investors of record on Tuesday, August 4th will be paid a dividend of 0.28 per share by the financial services provider on Friday, August 14th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, August 4th.

Independent Bank has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 11 years. Independent Bank has a payout ratio of 33.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Independent Bank to earn $3.84 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 29.2%.

Independent Bank Trading Up 0.0%

Shares of IBCP stock opened at $36.50 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a fifty day simple moving average of $34.96 and a two-hundred day simple moving average of $34.51. The firm has a market capitalization of $752.26 million, a PE ratio of 10.90 and a beta of 0.71. Independent Bank has a 52-week low of $29.63 and a 52-week high of $39.17.

Independent Bank (NASDAQ:IBCP – Get Free Report) last released its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.81 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.02. The firm had revenue of $58.90 million during the quarter, compared to analyst estimates of $60.36 million. Independent Bank had a return on equity of 14.15% and a net margin of 22.02%. On average, analysts predict that Independent Bank will post 3.55 EPS for the current fiscal year.

Independent Bank Company Profile

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Independent Bank Corporation (NASDAQ: IBCP) is a bank holding company headquartered in Grand Rapids, Michigan. Through its primary subsidiary, Independent Bank, the company offers a full range of commercial and personal banking services designed to meet the needs of individuals, small businesses and corporate clients. The company’s offerings span traditional branch-based banking as well as digital and mobile platforms.

Independent Bank provides deposit products such as checking and savings accounts, money market accounts and certificates of deposit.