Independent Bank Corporation (IBCP) Dividend History
IBCP latest dividend
The next dividend has not been announced yet.
- 10 yearsof dividend increases
- 2014paying since
- Quarterly4 payments a year
- +5.4%5-year growth a year
- 3.15%forward yield
IBCP dividend income calculator
- Dividend income a year
- $112
- Each payment
- $28
- Value of the shares
- $3,560
- Dividend yield
- 3.15%
At the latest close; forward annual dividend $1.12 per share, before tax.
IBCP dividends per share by year
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
IBCP dividend safety
Descriptive bands, not a rating.
IBCP yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $31.19 | 3.59% | $1.10 | 3.5% |
| 3 years ago | $18.45 | 6.07% | $3.07 | 16.6% |
| 5 years ago | $21.72 | 5.16% | $4.85 | 22.3% |
| 10 years ago | $16.64 | 6.73% | $8.12 | 48.8% |
| 20 years ago | $247.10 | 0.45% | $20.90 | 8.5% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
IBCP dividend payments
Each bar is one payment, by ex-dividend month (last 40 payments).
IBCP dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $1.04 | +8.3% | 3.20% | 4 |
| 2024 | $0.96 | +4.3% | 2.76% | 4 |
| 2023 | $0.92 | +4.5% | 3.54% | 4 |
| 2022 | $0.88 | +4.8% | 3.68% | 4 |
| 2021 | $0.84 | +5.0% | 3.52% | 4 |
| 2020 | $0.80 | +11.1% | 4.33% | 4 |
| 2019 | $0.72 | +20.0% | 3.18% | 4 |
| 2018 | $0.60 | +42.9% | 2.85% | 4 |
| 2017 | $0.42 | +23.5% | 1.88% | 4 |
| 2016 | $0.34 | +30.8% | 1.57% | 4 |
| 2015 | $0.26 | — | 1.71% | 4 |
| 2014 | $0.18 | — | 1.38% | 3 |
IBCP dividend history
147 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-08-04 | 2026-08-14 | $0.28 | — | Quarterly |
| 2026-05-04 | 2026-05-14 | $0.28 | — | Quarterly |
| 2026-02-03 | 2026-02-13 | $0.28 | +7.7% | Quarterly |
| 2025-11-04 | 2025-11-14 | $0.26 | — | Quarterly |
| 2025-08-05 | 2025-08-15 | $0.26 | — | Quarterly |
| 2025-05-05 | 2025-05-15 | $0.26 | — | Quarterly |
| 2025-02-04 | 2025-02-14 | $0.26 | +8.3% | Quarterly |
| 2024-11-05 | 2024-11-15 | $0.24 | — | Quarterly |
| 2024-08-05 | 2024-08-15 | $0.24 | — | Quarterly |
| 2024-05-02 | 2024-05-13 | $0.24 | — | Quarterly |
| 2024-02-02 | 2024-02-15 | $0.24 | +4.3% | Quarterly |
| 2023-11-02 | 2023-11-13 | $0.23 | — | Quarterly |
| 2023-08-03 | 2023-08-14 | $0.23 | — | Quarterly |
| 2023-05-04 | 2023-05-15 | $0.23 | — | Quarterly |
| 2023-02-15 | 2023-02-24 | $0.23 | +4.5% | Quarterly |
| 2022-11-03 | 2022-11-14 | $0.22 | — | Quarterly |
Show all 147 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-08-04 | 2022-08-16 | $0.22 | — | Quarterly |
| 2022-05-04 | 2022-05-16 | $0.22 | — | Quarterly |
| 2022-02-03 | 2022-02-15 | $0.22 | +4.8% | Quarterly |
| 2021-11-04 | 2021-11-15 | $0.21 | — | Quarterly |
| 2021-08-05 | 2021-08-16 | $0.21 | — | Quarterly |
| 2021-05-04 | 2021-05-14 | $0.21 | — | Quarterly |
| 2021-02-04 | 2021-02-16 | $0.21 | +5.0% | Quarterly |
| 2020-11-04 | 2020-11-16 | $0.2 | — | Quarterly |
| 2020-08-03 | 2020-08-14 | $0.2 | — | Quarterly |
| 2020-05-04 | 2020-05-15 | $0.2 | — | Quarterly |
| 2020-02-04 | 2020-02-14 | $0.2 | +11.1% | Quarterly |
| 2019-11-05 | 2019-11-15 | $0.18 | — | Quarterly |
| 2019-08-05 | 2019-08-15 | $0.18 | — | Quarterly |
| 2019-05-03 | 2019-05-15 | $0.18 | — | Quarterly |
| 2019-02-04 | 2019-02-15 | $0.18 | +20.0% | Quarterly |
| 2018-11-02 | 2018-11-15 | $0.15 | — | Quarterly |
| 2018-08-03 | 2018-08-15 | $0.15 | — | Quarterly |
| 2018-05-04 | 2018-05-15 | $0.15 | — | Quarterly |
| 2018-02-06 | 2018-02-15 | $0.15 | +25.0% | Quarterly |
| 2017-11-03 | 2017-11-15 | $0.12 | +20.0% | Quarterly |
| 2017-08-03 | 2017-08-15 | $0.1 | — | Quarterly |
| 2017-05-04 | 2017-05-15 | $0.1 | — | Quarterly |
| 2017-02-06 | 2017-02-15 | $0.1 | — | Quarterly |
| 2016-11-03 | 2016-11-15 | $0.1 | +25.0% | Quarterly |
| 2016-08-04 | 2016-08-15 | $0.08 | — | Quarterly |
| 2016-05-04 | 2016-05-16 | $0.08 | — | Quarterly |
| 2016-02-03 | 2016-02-16 | $0.08 | — | Quarterly |
| 2015-11-05 | 2015-11-16 | $0.08 | +33.3% | Quarterly |
| 2015-08-05 | 2015-08-17 | $0.06 | — | Quarterly |
| 2015-05-01 | 2015-05-15 | $0.06 | — | Quarterly |
| 2015-02-04 | 2015-02-17 | $0.06 | — | Quarterly |
| 2014-11-05 | 2014-11-17 | $0.06 | — | Quarterly |
| 2014-08-01 | 2014-08-15 | $0.06 | — | Quarterly |
| 2014-04-28 | 2014-05-15 | $0.06 | −40.0% | |
| 2009-10-01 | 2009-10-30 | $0.1 | — | Quarterly |
| 2009-07-01 | 2009-07-31 | $0.1 | — | Quarterly |
| 2009-04-02 | 2009-04-30 | $0.1 | — | Quarterly |
| 2008-12-31 | 2009-01-30 | $0.1 | — | Quarterly |
| 2008-10-02 | 2008-10-31 | $0.1 | — | Quarterly |
| 2008-07-02 | 2008-07-31 | $0.1 | −90.9% | Quarterly |
| 2008-04-02 | 2008-04-30 | $1.10 | −47.6% | Quarterly |
| 2008-01-02 | 2008-01-31 | $2.10 | — | Quarterly |
| 2007-10-03 | 2007-10-31 | $2.10 | — | Quarterly |
| 2007-07-02 | 2007-07-31 | $2.10 | — | Quarterly |
| 2007-04-03 | 2007-04-30 | $2.10 | +5.0% | Quarterly |
| 2007-01-03 | 2007-01-31 | $2.00 | — | Quarterly |
| 2006-10-03 | 2006-10-31 | $2.00 | +5.0% | Quarterly |
| 2006-06-30 | 2006-07-31 | $1.90 | — | Quarterly |
| 2006-04-03 | 2006-04-28 | $1.90 | +5.3% | Quarterly |
| 2006-01-03 | 2006-01-31 | $1.81 | — | Quarterly |
| 2005-10-03 | 2005-10-31 | $1.81 | +5.0% | Quarterly |
| 2005-06-30 | 2005-07-29 | $1.72 | — | Quarterly |
| 2005-04-01 | 2005-04-29 | $1.72 | +11.8% | Quarterly |
| 2005-01-03 | 2005-01-31 | $1.54 | — | Quarterly |
| 2004-10-01 | 2004-10-29 | $1.54 | +6.2% | Quarterly |
| 2004-07-01 | 2004-07-30 | $1.45 | — | Quarterly |
| 2004-04-01 | 2004-04-30 | $1.45 | — | Quarterly |
| 2003-12-31 | 2004-01-30 | $1.45 | −9.1% | Quarterly |
| 2003-10-02 | 2003-10-31 | $1.60 | +21.0% | Quarterly |
| 2003-07-01 | 2003-07-31 | $1.32 | +14.3% | Quarterly |
| 2003-04-02 | 2003-04-30 | $1.15 | −33.3% | Quarterly |
| 2003-01-02 | 2003-01-31 | $1.73 | +75.0% | Quarterly |
| 2002-10-02 | 2002-10-31 | $0.9895 | +5.0% | Quarterly |
| 2002-07-02 | 2002-07-31 | $0.9424 | — | Quarterly |
| 2002-04-03 | 2002-04-30 | $0.9424 | — | Quarterly |
| 2002-01-03 | 2002-01-31 | $0.9424 | +12.5% | Quarterly |
| 2001-10-03 | 2001-10-31 | $0.8377 | +5.0% | Quarterly |
| 2001-07-02 | 2001-07-31 | $0.7978 | — | Quarterly |
| 2001-04-03 | 2001-04-30 | $0.7978 | +6.7% | Quarterly |
| 2001-01-03 | 2001-01-31 | $0.7479 | — | Quarterly |
| 2000-10-03 | 2000-10-31 | $0.7479 | +5.0% | Quarterly |
| 2000-06-30 | 2000-07-28 | $0.7123 | — | Quarterly |
| 2000-04-03 | 2000-04-28 | $0.7123 | +7.1% | Quarterly |
| 2000-01-03 | 2000-01-31 | $0.6648 | — | Quarterly |
| 1999-10-01 | 1999-10-31 | $0.6648 | +5.0% | Quarterly |
| 1999-06-30 | 1999-07-30 | $0.6331 | — | Quarterly |
| 1999-03-31 | 1999-04-30 | $0.6331 | +7.7% | Quarterly |
| 1998-12-31 | 1999-01-29 | $0.5879 | — | Quarterly |
| 1998-10-01 | 1998-10-30 | $0.5879 | +5.0% | Quarterly |
| 1998-06-30 | 1998-07-31 | $0.5599 | — | Quarterly |
| 1998-04-02 | 1998-04-30 | $0.5599 | +5.4% | Quarterly |
| 1997-12-31 | 1998-01-30 | $0.5312 | — | Quarterly |
| 1997-10-01 | 1997-10-31 | $0.5312 | +5.0% | Quarterly |
| 1997-07-01 | 1997-07-31 | $0.5059 | — | Quarterly |
| 1997-04-02 | 1997-04-30 | $0.5059 | +6.7% | Quarterly |
| 1997-01-02 | 1997-01-31 | $0.474 | — | Quarterly |
| 1996-10-02 | 1996-10-31 | $0.474 | +5.0% | Quarterly |
| 1996-07-02 | 1996-07-31 | $0.4514 | — | Quarterly |
| 1996-04-02 | 1996-04-30 | $0.4514 | +13.0% | Quarterly |
| 1996-01-03 | 1996-01-31 | $0.3993 | −4.2% | Quarterly |
| 1995-10-03 | 1995-10-31 | $0.4167 | +5.0% | Quarterly |
| 1995-07-03 | 1995-07-31 | $0.3969 | — | Quarterly |
| 1995-03-30 | 1995-04-28 | $0.3969 | +20.0% | Quarterly |
| 1994-12-29 | 1995-01-31 | $0.3307 | — | Quarterly |
| 1994-09-29 | 1994-10-31 | $0.3307 | — | Quarterly |
| 1994-06-28 | 1994-07-29 | $0.3307 | — | Quarterly |
| 1994-03-29 | 1994-04-29 | $0.3307 | +33.3% | Quarterly |
| 1993-12-30 | 1994-01-31 | $0.248 | — | Quarterly |
| 1993-09-29 | 1993-10-29 | $0.248 | — | Quarterly |
| 1993-06-29 | 1993-07-30 | $0.248 | — | Quarterly |
| 1993-03-30 | 1993-04-30 | $0.248 | +15.4% | Quarterly |
| 1992-12-29 | 1993-01-29 | $0.215 | — | Quarterly |
| 1992-09-29 | 1992-10-30 | $0.215 | — | Quarterly |
| 1992-06-29 | 1992-07-31 | $0.215 | — | Quarterly |
| 1992-03-31 | 1992-04-30 | $0.215 | +13.0% | Quarterly |
| 1991-12-30 | 1992-01-31 | $0.1902 | — | Quarterly |
| 1991-09-30 | 1991-10-31 | $0.1902 | — | Quarterly |
| 1991-06-28 | 1991-07-31 | $0.1902 | — | Quarterly |
| 1991-04-01 | 1991-04-30 | $0.1902 | +4.5% | Quarterly |
| 1990-12-28 | 1991-01-31 | $0.1819 | — | Quarterly |
| 1990-10-01 | 1990-10-31 | $0.1819 | — | Quarterly |
| 1990-06-28 | 1990-07-31 | $0.1819 | — | Quarterly |
| 1990-03-30 | 1990-04-30 | $0.1819 | −4.8% | Quarterly |
| 1989-12-29 | 1990-01-31 | $0.191 | — | Quarterly |
| 1989-09-29 | 1989-10-31 | $0.191 | — | Quarterly |
| 1989-06-28 | 1989-07-31 | $0.191 | — | Quarterly |
| 1989-03-30 | 1989-04-28 | $0.191 | +10.0% | |
| 1988-12-29 | 1989-01-31 | $0.1736 | −20.0% | |
| 1988-09-29 | 1988-10-31 | $0.217 | +25.0% | |
| 1988-06-28 | 1988-07-30 | $0.1736 | — | |
| 1988-04-04 | 1988-04-30 | $0.1736 | — | |
| 1988-01-04 | 1988-01-30 | $0.1736 | −20.0% | |
| 1987-10-05 | 1987-10-20 | $0.217 | +25.0% | |
| 1987-07-06 | 1987-07-20 | $0.1736 | — | |
| 1987-04-06 | 1987-04-20 | $0.1736 | — | |
| 1987-01-05 | 1987-01-20 | $0.1736 | +600.4% | |
| 1986-10-06 | — | $0.0248 | −75.2% | |
| 1986-07-03 | — | $0.0998 | — | |
| 1986-04-04 | — | $0.0998 | — | |
| 1986-01-06 | — | $0.0998 | +415.7% | |
| 1985-10-04 | — | $0.0193 | — |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
IBCP stock split history
- 1:10September 1, 2010
- 21:20August 31, 2006
- 21:20September 1, 2005
- 11:10October 2, 2003
- 3:2January 2, 2003
- 21:20October 2, 2002
- 21:20October 3, 2001
- 21:20October 3, 2000
- 21:20October 1, 1999
- 21:20October 1, 1998
- 3:2July 1, 1998
- 21:20October 1, 1997
- 3:2May 1, 1997
- 21:20October 2, 1996
- 21:20October 3, 1995
IBCP dividend overview
Independent Bank pays an annual dividend of $1.12 per share, a yield of 3.15% at the latest close, paid quarterly. It paid $1.04 per share in 2025, up 8.3% from 2024. It has raised its dividend for 10 consecutive years. Over five years the dividend grew 5.4% a year on average and over ten years 14.9% a year. The payout ratio is 31.8% of trailing earnings.
Related: IBCP cash flow statement, IBCP key metrics, IBCP chart. See the IBCP stock overview for the latest quote and news.
IBCP dividends FAQ
Does Independent Bank pay a dividend?
Yes. Independent Bank has paid a regular dividend since 2014, quarterly, most recently $0.28 per share with an ex-dividend date of August 4, 2026. It also paid dividends from 1985 to 2009.
What is Independent Bank's dividend yield?
Independent Bank's forward annual dividend is $1.12 per share, a dividend yield of 3.15% at the latest close of $35.60.
How often does Independent Bank pay dividends?
Independent Bank pays dividends quarterly.
How fast is Independent Bank's dividend growing?
Independent Bank's dividend per share grew from $0.80 in 2020 to $1.04 in 2025, 5.4% a year on average over five years; it has increased for 10 years in a row.
What is Independent Bank's dividend payout ratio?
Independent Bank pays out 31.8% of its trailing earnings as dividends and 30.8% of its free cash flow (fiscal 2025).
Has Independent Bank split its stock?
Independent Bank has split its stock 15 times: 1:10 on September 1, 2010, 21:20 on August 31, 2006, 21:20 on September 1, 2005, 11:10 on October 2, 2003, 3:2 on January 2, 2003, 21:20 on October 2, 2002, 21:20 on October 3, 2001, 21:20 on October 3, 2000, 21:20 on October 1, 1999, 21:20 on October 1, 1998, 3:2 on July 1, 1998, 21:20 on October 1, 1997, 3:2 on May 1, 1997, 21:20 on October 2, 1996, 21:20 on October 3, 1995. Dividends per share on this page are adjusted for splits.