IBCP - NASDAQ
Independent Bank Corporation
$34.26
-3.1%Independent Bank Corporation operates as the bank holding company for Independent Bank that provides various banking services to individuals and businesses. The company offers checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services, as well as automatic teller machine, and Internet and mobile banking services. It also provides title insurance, insurance brokerage, and investment services. The company offers its services through approximately 59 branches, two drive-thru facilities, and seven loan production offices in Michigan; and two loan production offices in Ohio. Independent Bank Corporation was founded in 1864 and is based in Grand Rapids, Michigan.
At a Glance
Live SnapshotIndependent Bank Corporation Dividend History
IBCP Dividend Payment History
Total Payments
50
Latest Dividend
$0.2800
Annual Amount
$1.3400
Frequency
Quarterly
| Declaration | Ex-Date | Payment Date | Dividend | Adjusted | Frequency | Growth |
|---|---|---|---|---|---|---|
Apr 21, 2026 | May 4, 2026 | May 14, 2026 | $0.2800 | $0.2800 | Quarterly | 0.00% |
Jan 16, 2026 | Feb 3, 2026 | Feb 13, 2026 | $0.2800 | $0.2800 | Quarterly | +7.69% |
Oct 21, 2025 | Nov 4, 2025 | Nov 14, 2025 | $0.2600 | $0.2600 | Quarterly | 0.00% |
Jul 22, 2025 | Aug 5, 2025 | Aug 15, 2025 | $0.2600 | $0.2600 | Quarterly | 0.00% |
Apr 22, 2025 | May 5, 2025 | May 15, 2025 | $0.2600 | $0.2600 | Quarterly | 0.00% |
Jan 10, 2025 | Feb 4, 2025 | Feb 14, 2025 | $0.2600 | $0.2600 | Quarterly | +8.33% |
Oct 22, 2024 | Nov 5, 2024 | Nov 15, 2024 | $0.2400 | $0.2400 | Quarterly | 0.00% |
Jul 23, 2024 | Aug 5, 2024 | Aug 15, 2024 | $0.2400 | $0.2400 | Quarterly | 0.00% |
Apr 23, 2024 | May 3, 2024 | May 13, 2024 | $0.2400 | $0.2400 | Quarterly | 0.00% |
Jan 23, 2024 | Feb 5, 2024 | Feb 15, 2024 | $0.2400 | $0.2400 | Quarterly | +4.35% |
Oct 17, 2023 | Nov 3, 2023 | Nov 13, 2023 | $0.2300 | $0.2300 | Quarterly | 0.00% |
Jul 18, 2023 | Aug 4, 2023 | Aug 14, 2023 | $0.2300 | $0.2300 | Quarterly | 0.00% |
Apr 25, 2023 | May 5, 2023 | May 15, 2023 | $0.2300 | $0.2300 | Quarterly | 0.00% |
Feb 6, 2023 | Feb 16, 2023 | Feb 24, 2023 | $0.2300 | $0.2300 | Quarterly | +4.55% |
Oct 18, 2022 | Nov 4, 2022 | Nov 14, 2022 | $0.2200 | $0.2200 | Quarterly | 0.00% |
Jul 19, 2022 | Aug 5, 2022 | Aug 16, 2022 | $0.2200 | $0.2200 | Quarterly | 0.00% |
Apr 19, 2022 | May 5, 2022 | May 16, 2022 | $0.2200 | $0.2200 | Quarterly | 0.00% |
Jan 24, 2022 | Feb 4, 2022 | Feb 15, 2022 | $0.2200 | $0.2200 | Quarterly | +4.76% |
Oct 19, 2021 | Nov 5, 2021 | Nov 15, 2021 | $0.2100 | $0.2100 | Quarterly | 0.00% |
Jul 27, 2021 | Aug 6, 2021 | Aug 16, 2021 | $0.2100 | $0.2100 | Quarterly | 0.00% |
Apr 20, 2021 | May 5, 2021 | May 14, 2021 | $0.2100 | $0.2100 | Quarterly | 0.00% |
Jan 25, 2021 | Feb 5, 2021 | Feb 16, 2021 | $0.2100 | $0.2100 | Quarterly | +5.00% |
Oct 20, 2020 | Nov 5, 2020 | Nov 16, 2020 | $0.2000 | $0.2000 | Quarterly | 0.00% |
Jul 21, 2020 | Aug 4, 2020 | Aug 14, 2020 | $0.2000 | $0.2000 | Quarterly | 0.00% |
Apr 21, 2020 | May 5, 2020 | May 15, 2020 | $0.2000 | $0.2000 | Quarterly | 0.00% |
Jan 20, 2020 | Feb 5, 2020 | Feb 14, 2020 | $0.2000 | $0.2000 | Quarterly | +11.11% |
Oct 22, 2019 | Nov 6, 2019 | Nov 15, 2019 | $0.1800 | $0.1800 | Quarterly | 0.00% |
Jul 23, 2019 | Aug 6, 2019 | Aug 15, 2019 | $0.1800 | $0.1800 | Quarterly | 0.00% |
Apr 23, 2019 | May 6, 2019 | May 15, 2019 | $0.1800 | $0.1800 | Quarterly | 0.00% |
Jan 21, 2019 | Feb 5, 2019 | Feb 15, 2019 | $0.1800 | $0.1800 | Quarterly | +20.00% |
Oct 23, 2018 | Nov 5, 2018 | Nov 15, 2018 | $0.1500 | $0.1500 | Quarterly | 0.00% |
Jul 23, 2018 | Aug 6, 2018 | Aug 15, 2018 | $0.1500 | $0.1500 | Quarterly | 0.00% |
Apr 24, 2018 | May 7, 2018 | May 15, 2018 | $0.1500 | $0.1500 | Quarterly | 0.00% |
Jan 22, 2018 | Feb 7, 2018 | Feb 15, 2018 | $0.1500 | $0.1500 | Quarterly | +25.00% |
Oct 24, 2017 | Nov 6, 2017 | Nov 15, 2017 | $0.1200 | $0.1200 | Quarterly | +20.00% |
Jul 26, 2017 | Aug 7, 2017 | Aug 15, 2017 | $0.1000 | $0.1000 | Quarterly | 0.00% |
Apr 26, 2017 | May 8, 2017 | May 15, 2017 | $0.1000 | $0.1000 | Quarterly | 0.00% |
Jan 25, 2017 | Feb 8, 2017 | Feb 15, 2017 | $0.1000 | $0.1000 | Quarterly | 0.00% |
Oct 26, 2016 | Nov 7, 2016 | Nov 15, 2016 | $0.1000 | $0.1000 | Quarterly | +25.00% |
Jul 27, 2016 | Aug 8, 2016 | Aug 15, 2016 | $0.0800 | $0.0800 | Quarterly | 0.00% |
Apr 29, 2016 | May 6, 2016 | May 16, 2016 | $0.0800 | $0.0800 | Quarterly | 0.00% |
Jan 25, 2016 | Feb 5, 2016 | Feb 16, 2016 | $0.0800 | $0.0800 | Quarterly | 0.00% |
Oct 29, 2015 | Nov 9, 2015 | Nov 16, 2015 | $0.0800 | $0.0800 | Quarterly | +33.33% |
Jul 28, 2015 | Aug 7, 2015 | Aug 17, 2015 | $0.0600 | $0.0600 | Quarterly | 0.00% |
Apr 22, 2015 | May 5, 2015 | May 15, 2015 | $0.0600 | $0.0600 | Quarterly | 0.00% |
Jan 21, 2015 | Feb 6, 2015 | Feb 17, 2015 | $0.0600 | $0.0600 | Quarterly | 0.00% |
Oct 28, 2014 | Nov 7, 2014 | Nov 17, 2014 | $0.0600 | $0.0600 | Quarterly | 0.00% |
Jul 23, 2014 | Aug 5, 2014 | Aug 15, 2014 | $0.0600 | $0.0600 | Quarterly | 0.00% |
Apr 16, 2014 | Apr 30, 2014 | May 15, 2014 | $0.0600 | $0.0600 | Quarterly | -40.00% |
Sep 23, 2009 | Oct 5, 2009 | Oct 30, 2009 | $0.0100 | $0.1000 | Quarterly | - |
Independent Bank Corporation Payout Ratio Analysis
Dividend Sustainability Analysis
Payout Ratio
Conservative payout with excellent safety margin. Company retains significant earnings for growth, acquisitions, or building cash reserves. Dividend is highly sustainable.
FCF Payout Ratio
Excellent FCF coverage. Dividend is well-supported by actual cash generation with ample room for increases and business reinvestment.
Dividend Growth
Dividend cut is concerning. Investigate whether due to one-time factors or fundamental business deterioration. Reassess dividend sustainability.
Sustainability
Sustainable dividend with adequate coverage. Some areas for improvement but overall appears safe for dividend investors.
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Statements
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Earnings Call
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Dividends
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Analyst Expectations
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