Independent Bank Corp. (INDB) Dividend History
INDB latest dividend
$0.64last dividend per share
Ex-dividend dateSep 28Monday, 2026
Payment dateOct 9Friday, 2026
The next dividend has not been announced yet.
- 7 yearsof dividend increases
- 1994paying since
- Quarterly4 payments a year
- +5.1%5-year growth a year
- 3.20%forward yield
INDB dividend income calculator
- Dividend income a year
- $256
- Each payment
- $64
- Value of the shares
- $7,988
- Dividend yield
- 3.20%
At the latest close; forward annual dividend $2.56 per share, before tax.
INDB dividends per share by year
Dividends per shareYield at year-end (right axis)
Calendar years by ex-dividend date. Yield = the year's dividends divided by the year-end share price.
INDB dividend safety
Payout ratio (earnings)29.4%
Well covered · of trailing twelve-month earnings paid as dividends
Payout ratio (free cash flow)43.4%
Well covered · of fiscal 2025 free cash flow
Dividend growth (5 years)+5.1%
Growing · a year on average
Years of increases7
Established · consecutive calendar years with a higher dividend
Descriptive bands, not a rating.
INDB yield on cost
| Bought | Price paid | Yield on cost | Dividends since | % of price |
|---|---|---|---|---|
| 1 year ago | $66.23 | 3.87% | $2.51 | 3.8% |
| 3 years ago | $48.39 | 5.29% | $7.11 | 14.7% |
| 5 years ago | $81.01 | 3.16% | $11.32 | 14.0% |
| 10 years ago | $52.55 | 4.87% | $19.77 | 37.6% |
| 20 years ago | $33.62 | 7.61% | $28.12 | 83.6% |
Today’s forward dividend as a yield on the price paid then, and the dividends one share has paid since (split-adjusted, before tax).
INDB dividend payments
Payment
Each bar is one payment, by ex-dividend month (last 40 payments).
INDB dividends by year
| Year | Dividends per share | Growth | Yield (year-end) | Payments |
|---|---|---|---|---|
| 2025 | $2.36 | +3.5% | 3.23% | 4 |
| 2024 | $2.28 | +3.6% | 3.55% | 4 |
| 2023 | $2.20 | +5.8% | 3.34% | 4 |
| 2022 | $2.08 | +8.3% | 2.46% | 4 |
| 2021 | $1.92 | +4.3% | 2.35% | 4 |
| 2020 | $1.84 | +4.5% | 2.52% | 4 |
| 2019 | $1.76 | +15.8% | 2.11% | 4 |
| 2018 | $1.52 | −5.0% | 2.16% | 4 |
| 2017 | $1.60 | — | 2.29% | 5 |
| 2016 | $1.16 | +11.5% | 1.65% | 4 |
| 2015 | $1.04 | +8.3% | 2.24% | 4 |
| 2014 | $0.96 | +9.1% | 2.24% | 4 |
| 2013 | $0.88 | +4.8% | 2.25% | 4 |
| 2012 | $0.84 | +10.5% | 2.90% | 4 |
| 2011 | $0.76 | +5.6% | 2.78% | 4 |
| 2010 | $0.72 | 0.0% | 2.66% | 4 |
| 2009 | $0.72 | 0.0% | 3.45% | 4 |
| 2008 | $0.72 | +5.9% | 2.75% | 4 |
| 2007 | $0.68 | +6.2% | 2.50% | 4 |
| 2006 | $0.64 | — | 1.78% | 4 |
INDB dividend history
147 payments| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2026-09-28 | 2026-10-09 | $0.64 | — | Quarterly |
| 2026-06-29 | 2026-07-09 | $0.64 | — | Quarterly |
| 2026-03-30 | 2026-04-09 | $0.64 | +8.5% | Quarterly |
| 2025-12-29 | 2026-01-07 | $0.59 | — | Quarterly |
| 2025-09-29 | 2025-10-07 | $0.59 | — | Quarterly |
| 2025-06-30 | 2025-07-07 | $0.59 | — | Quarterly |
| 2025-03-31 | 2025-04-07 | $0.59 | +3.5% | Quarterly |
| 2024-12-30 | 2025-01-06 | $0.57 | — | Quarterly |
| 2024-09-30 | 2024-10-04 | $0.57 | — | Quarterly |
| 2024-07-01 | 2024-07-08 | $0.57 | — | Quarterly |
| 2024-03-28 | 2024-04-05 | $0.57 | +3.6% | Quarterly |
| 2023-12-22 | 2024-01-05 | $0.55 | — | Quarterly |
| 2023-09-29 | 2023-10-06 | $0.55 | — | Quarterly |
| 2023-06-23 | 2023-07-07 | $0.55 | — | Quarterly |
| 2023-03-24 | 2023-04-06 | $0.55 | — | Quarterly |
| 2022-12-23 | 2023-01-06 | $0.55 | +7.8% | Quarterly |
Show all 147 payments
| Ex-dividend date | Payment date | Amount | Change | Frequency |
|---|---|---|---|---|
| 2022-09-23 | 2022-10-07 | $0.51 | — | Quarterly |
| 2022-06-24 | 2022-07-08 | $0.51 | — | Quarterly |
| 2022-03-25 | 2022-04-08 | $0.51 | +6.2% | Quarterly |
| 2021-12-23 | 2022-01-07 | $0.48 | — | Quarterly |
| 2021-09-24 | 2021-10-08 | $0.48 | — | Quarterly |
| 2021-06-25 | 2021-07-09 | $0.48 | — | Quarterly |
| 2021-03-26 | 2021-04-09 | $0.48 | +4.3% | Quarterly |
| 2020-12-24 | 2021-01-08 | $0.46 | — | Quarterly |
| 2020-09-25 | 2020-10-09 | $0.46 | — | Quarterly |
| 2020-06-26 | 2020-07-10 | $0.46 | — | Quarterly |
| 2020-03-27 | 2020-04-09 | $0.46 | +4.5% | Quarterly |
| 2019-12-27 | 2020-01-10 | $0.44 | — | Quarterly |
| 2019-09-27 | 2019-10-11 | $0.44 | — | Quarterly |
| 2019-06-28 | 2019-07-12 | $0.44 | — | Quarterly |
| 2019-03-22 | 2019-04-05 | $0.44 | +15.8% | Quarterly |
| 2018-12-28 | 2019-01-11 | $0.38 | — | Quarterly |
| 2018-09-28 | 2018-10-05 | $0.38 | — | Quarterly |
| 2018-06-29 | 2018-07-10 | $0.38 | — | Quarterly |
| 2018-03-23 | 2018-04-06 | $0.38 | +18.8% | Quarterly |
| 2017-12-22 | 2018-01-05 | $0.32 | — | Quarterly |
| 2017-09-29 | 2017-10-06 | $0.32 | — | Quarterly |
| 2017-09-22 | — | $0.32 | — | |
| 2017-06-22 | 2017-07-07 | $0.32 | — | Quarterly |
| 2017-03-23 | 2017-04-07 | $0.32 | +10.3% | Quarterly |
| 2016-12-21 | 2017-01-06 | $0.29 | — | Quarterly |
| 2016-09-22 | 2016-10-07 | $0.29 | — | Quarterly |
| 2016-06-23 | 2016-07-08 | $0.29 | — | Quarterly |
| 2016-03-23 | 2016-04-08 | $0.29 | +11.5% | Quarterly |
| 2015-12-23 | 2016-01-08 | $0.26 | — | Quarterly |
| 2015-09-24 | 2015-10-09 | $0.26 | — | Quarterly |
| 2015-06-25 | 2015-07-10 | $0.26 | — | Quarterly |
| 2015-03-26 | 2015-04-10 | $0.26 | +8.3% | Quarterly |
| 2014-12-24 | 2015-01-09 | $0.24 | — | Quarterly |
| 2014-09-25 | 2014-10-10 | $0.24 | — | Quarterly |
| 2014-06-26 | 2014-07-11 | $0.24 | — | Quarterly |
| 2014-03-27 | 2014-04-11 | $0.24 | +9.1% | Quarterly |
| 2013-12-26 | 2014-01-10 | $0.22 | — | Quarterly |
| 2013-09-26 | 2013-10-11 | $0.22 | — | Quarterly |
| 2013-06-27 | 2013-07-12 | $0.22 | — | Quarterly |
| 2013-03-27 | 2013-04-12 | $0.22 | +4.8% | Quarterly |
| 2012-12-20 | 2012-12-31 | $0.21 | — | Quarterly |
| 2012-09-27 | 2012-10-12 | $0.21 | — | Quarterly |
| 2012-06-28 | 2012-07-13 | $0.21 | — | Quarterly |
| 2012-03-22 | 2012-04-05 | $0.21 | +10.5% | Quarterly |
| 2011-12-21 | 2012-01-06 | $0.19 | — | Quarterly |
| 2011-09-22 | 2011-10-07 | $0.19 | — | Quarterly |
| 2011-06-23 | 2011-07-08 | $0.19 | — | Quarterly |
| 2011-03-24 | 2011-04-08 | $0.19 | +5.6% | Quarterly |
| 2010-12-22 | 2011-01-07 | $0.18 | — | Quarterly |
| 2010-09-23 | 2010-10-08 | $0.18 | — | Quarterly |
| 2010-06-24 | 2010-07-09 | $0.18 | — | Quarterly |
| 2010-03-25 | 2010-04-09 | $0.18 | — | Quarterly |
| 2009-12-23 | 2010-01-08 | $0.18 | — | Quarterly |
| 2009-09-24 | 2009-10-09 | $0.18 | — | Quarterly |
| 2009-06-25 | 2009-07-10 | $0.18 | — | Quarterly |
| 2009-03-26 | 2009-04-09 | $0.18 | — | Quarterly |
| 2008-12-24 | 2009-01-09 | $0.18 | — | Quarterly |
| 2008-09-25 | 2008-10-10 | $0.18 | — | Quarterly |
| 2008-06-26 | 2008-07-11 | $0.18 | — | Quarterly |
| 2008-03-27 | 2008-04-11 | $0.18 | +5.9% | Quarterly |
| 2007-12-20 | 2008-01-04 | $0.17 | — | Quarterly |
| 2007-09-21 | 2007-10-05 | $0.17 | — | Quarterly |
| 2007-06-22 | 2007-07-06 | $0.17 | — | Quarterly |
| 2007-03-22 | 2007-04-06 | $0.17 | +6.2% | Quarterly |
| 2006-12-21 | 2007-01-05 | $0.16 | — | Quarterly |
| 2006-09-26 | 2006-10-06 | $0.16 | — | Quarterly |
| 2006-06-22 | 2006-07-07 | $0.16 | — | Quarterly |
| 2006-03-23 | 2006-04-07 | $0.16 | +6.7% | Quarterly |
| 2005-12-21 | 2006-01-06 | $0.15 | — | Quarterly |
| 2005-09-22 | 2005-10-07 | $0.15 | — | Quarterly |
| 2005-06-23 | 2005-07-08 | $0.15 | — | Quarterly |
| 2005-03-22 | 2005-04-08 | $0.15 | +7.1% | Quarterly |
| 2004-12-29 | 2005-01-14 | $0.14 | — | Quarterly |
| 2004-09-22 | 2004-10-08 | $0.14 | — | Quarterly |
| 2004-06-23 | 2004-07-09 | $0.14 | — | Quarterly |
| 2004-03-24 | 2004-04-09 | $0.14 | +7.7% | Quarterly |
| 2003-12-23 | 2004-01-09 | $0.13 | — | Quarterly |
| 2003-09-24 | 2003-10-10 | $0.13 | — | Quarterly |
| 2003-06-25 | 2003-07-11 | $0.13 | — | Quarterly |
| 2003-03-26 | 2003-04-11 | $0.13 | +8.3% | Quarterly |
| 2002-12-24 | 2003-01-10 | $0.12 | — | Quarterly |
| 2002-09-25 | 2002-10-11 | $0.12 | — | Quarterly |
| 2002-06-26 | 2002-07-12 | $0.12 | — | Quarterly |
| 2002-03-26 | 2002-04-12 | $0.12 | +9.1% | Quarterly |
| 2001-12-26 | 2002-01-11 | $0.11 | — | Quarterly |
| 2001-09-26 | 2001-10-12 | $0.11 | — | Quarterly |
| 2001-06-27 | 2001-07-13 | $0.11 | — | Quarterly |
| 2001-03-28 | 2001-04-13 | $0.11 | +10.0% | Quarterly |
| 2000-12-27 | 2001-01-12 | $0.1 | — | Quarterly |
| 2000-09-27 | 2000-10-13 | $0.1 | — | Quarterly |
| 2000-06-28 | 2000-07-14 | $0.1 | — | Quarterly |
| 2000-03-29 | 2000-04-14 | $0.1 | — | Quarterly |
| 1999-12-29 | 2000-01-14 | $0.1 | — | Quarterly |
| 1999-09-22 | 1999-10-08 | $0.1 | — | Quarterly |
| 1999-06-23 | 1999-07-09 | $0.1 | — | Quarterly |
| 1999-03-24 | 1999-04-09 | $0.1 | — | Quarterly |
| 1998-12-22 | 1999-01-08 | $0.1 | — | Quarterly |
| 1998-09-23 | 1998-10-09 | $0.1 | — | Quarterly |
| 1998-06-24 | 1998-07-10 | $0.1 | — | Quarterly |
| 1998-03-25 | 1998-04-10 | $0.1 | +11.1% | Quarterly |
| 1997-12-23 | 1998-01-09 | $0.09 | — | Quarterly |
| 1997-09-24 | 1997-10-10 | $0.09 | +12.5% | Quarterly |
| 1997-06-25 | 1997-07-11 | $0.08 | — | Quarterly |
| 1997-03-25 | 1997-04-11 | $0.08 | +14.3% | Quarterly |
| 1996-12-24 | 1997-01-10 | $0.07 | +16.7% | Quarterly |
| 1996-09-25 | 1996-10-11 | $0.06 | — | Quarterly |
| 1996-06-26 | 1996-07-12 | $0.06 | — | Quarterly |
| 1996-03-27 | 1996-04-12 | $0.06 | +20.0% | Quarterly |
| 1995-12-27 | 1996-01-12 | $0.05 | — | Quarterly |
| 1995-09-27 | 1995-10-13 | $0.05 | +25.0% | Quarterly |
| 1995-06-21 | 1995-07-07 | $0.04 | — | Quarterly |
| 1995-03-20 | 1995-04-07 | $0.04 | — | Quarterly |
| 1994-12-19 | 1995-01-06 | $0.04 | +33.3% | Quarterly |
| 1994-10-07 | 1994-10-28 | $0.03 | −66.7% | |
| 1990-03-15 | 1990-04-01 | $0.09 | — | Quarterly |
| 1989-12-18 | 1990-01-01 | $0.09 | — | Quarterly |
| 1989-09-14 | 1989-10-01 | $0.09 | +12.5% | Quarterly |
| 1989-06-14 | 1989-07-01 | $0.08 | — | Quarterly |
| 1989-03-14 | 1989-04-01 | $0.08 | — | Quarterly |
| 1988-12-16 | 1989-01-01 | $0.08 | — | Quarterly |
| 1988-08-16 | 1988-09-01 | $0.08 | +14.3% | Quarterly |
| 1988-05-17 | 1988-06-01 | $0.07 | — | Quarterly |
| 1988-02-17 | 1988-03-01 | $0.07 | +4.5% | Quarterly |
| 1987-12-16 | 1988-01-07 | $0.067 | +26.4% | |
| 1987-11-23 | 1987-12-01 | $0.053 | −0.6% | Quarterly |
| 1987-08-18 | 1987-09-01 | $0.0533 | +14.3% | |
| 1987-05-19 | 1987-06-01 | $0.0467 | — | |
| 1987-02-18 | 1987-03-01 | $0.0467 | −22.2% | |
| 1986-12-18 | 1987-01-07 | $0.06 | +28.5% | |
| 1986-11-18 | — | $0.0467 | — | |
| 1986-08-05 | — | $0.0467 | — |
Amounts per share, adjusted for stock splits. Highlighted rows are announced but not yet paid.
INDB stock split history
- 3:2October 1, 1987
INDB dividend overview
Independent Bank pays an annual dividend of $2.56 per share, a yield of 3.20% at the latest close, paid quarterly. It paid $2.36 per share in 2025, up 3.5% from 2024. It has raised its dividend for 7 consecutive years. Over five years the dividend grew 5.1% a year on average and over ten years 8.5% a year. The payout ratio is 29.4% of trailing earnings.
Related: INDB cash flow statement, INDB key metrics, INDB chart. See the INDB stock overview for the latest quote and news.
INDB dividends FAQ
Does Independent Bank pay a dividend?
Yes. Independent Bank has paid a regular dividend since 1994, quarterly, most recently $0.64 per share with an ex-dividend date of September 28, 2026. It also paid dividends from 1986 to 1990.
What is Independent Bank's dividend yield?
Independent Bank's forward annual dividend is $2.56 per share, a dividend yield of 3.20% at the latest close of $79.88.
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 $1.84 in 2020 to $2.36 in 2025, 5.1% a year on average over five years; it has increased for 7 years in a row.
What is Independent Bank's dividend payout ratio?
Independent Bank pays out 29.4% of its trailing earnings as dividends and 43.4% of its free cash flow (fiscal 2025).
Has Independent Bank split its stock?
Independent Bank has split its stock 1 time: 3:2 on October 1, 1987. Dividends per share on this page are adjusted for splits.