Independent Bank (Independent Bank) 3-Year Dividend Growth Rate

: 6.10% (As of Dec. 2023)

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Independent Bank's Dividends per Share for the three months ended in Dec. 2023 was $0.55.

The historical rank and industry rank for Independent Bank's 3-Year Dividend Growth Rate or its related term are showing as below:

INDB' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -20.9 Med: 7.4 Max: 62
Current: 6.1

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Independent Bank was 62.00% per year. The lowest was -20.90% per year. And the median was 7.40% per year.

INDB's 3-Year Dividend Growth Rate is ranked worse than
54.48% of 782 companies
in the Banks industry
Industry Median: 7.55 vs INDB: 6.10

During the past 12 months, Independent Bank's average Dividends Per Share Growth Rate was 5.80% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 6.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 7.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 10.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Independent Bank's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.44. As of today, Independent Bank's Dividend Yield % is 4.50%.

Good Sign:

Independent Bank Corp stock dividend yield is close to 10-year high.

For more information regarding to dividend, please check our Dividend Page.

Competitive Comparison

For the Banks - Regional subindustry, Independent Bank's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Independent Bank 3-Year Dividend Growth Rate Distribution

For the Banks industry and Financial Services sector, Independent Bank's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Independent Bank's 3-Year Dividend Growth Rate falls into.

Independent Bank 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Independent Bank (NAS:INDB) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Independent Bank's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Dec. 2023 )	/	EPS without NRI (Q: Dec. 2023 )
	=	0.55	/	1.26
	=	0.44

During the past 13 years, the highest Dividend Payout Ratio of Independent Bank was 0.50. The lowest was 0.31. And the median was 0.38.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Independent Bank Recent Full-Year* Dividend History

Amount	Ex-date	Record Date	Pay Date	Type	Frequency	Forex Rate
USD 0.570	2024-03-28	2024-04-01	2024-04-05	Cash Dividend	quarterly	USD:USD 1.000000
USD 0.550	2023-12-22	2023-12-26	2024-01-05	Cash Dividend	quarterly	USD:USD 1.000000
USD 0.550	2023-09-29	2023-10-02	2023-10-06	Cash Dividend	quarterly	USD:USD 1.000000
USD 0.550	2023-06-23	2023-06-26	2023-07-07	Cash Dividend	quarterly	USD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Independent Bank's Dividend Yield (%) for Today is calculated as

Dividend Yield %	=	Most Recent Full Year Dividend	/	Current Share Price
	=	2.22	/	49.45
	=	4.49 %

Current Share Price is $49.45.
Independent Bank's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.22.

During the past 13 years, the highest Dividend Yield of Independent Bank was 4.85%. The lowest was 1.52%. And the median was 2.31%.

Good Sign:

Independent Bank Corp stock dividend yield is close to 10-year high.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Independent Bank 3-Year Dividend Growth Rate Related Terms>

Independent Bank (Independent Bank) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Independent Bank Corp (NAS:INDB) » Definitions » 3-Year Dividend Growth Rate

Comparable Companies

Traded in Other Exchanges

N/A

Address

2036 Washington Street, Hanover, MA, USA, 02339

Website

https://www.rocklandtrust.com

Independent Bank is a bank holding company and the sole shareholder of its bank, the Rockland Trust Company. Rockland is a community-oriented commercial bank. The bank's revenue is derived from a wide array of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management. Rockland has historically relied heavily on both organic growth and select merger and acquisition activity to drive growth. The bank's loan portfolio constitutes the bulk of the bank's total assets. Its borrowers consist mostly of small to medium-size businesses and consumers, most of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.

Executives

John J Morrissey	director	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Jeffrey J Tengel	director, officer: Chief Executive Officer	1900 EAST NINTH STREET, CLEVELAND OH 44114
Lee C Powlus	officer: Chief Tech & Operations Off.	850 MAIN STREET, BRIDGEPORT CT 06604
Patricia M Natale	officer: General Counsel
Barry H Jensen	officer: Chief Information Officer	INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Mark J Ruggiero	officer: Principal Accounting Officer	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Scott Smith	director	320 NORWOOD PARK SOUTH, NORWOOD MA 02062
Maureen A. Gaffney	officer: Principal Accounting Officer	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Christopher Oddleifson	director, officer: President and CEO
Eileen C Miskell	director	C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370
Edward H Seksay	officer: General Counsel	C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370
Robert D Cozzone	officer: CFO and Treasurer	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Dawn Mugford	officer: Chief Risk Officer	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Donna L Abelli	director	INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Gerard F Nadeau	officer: Executive Vice President	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370