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Independent Bank (Ionia MI)'s dividend payout ratio for the months ended in Dec. 2023 was 0.35.
The historical rank and industry rank for Independent Bank (Ionia MI)'s Dividend Payout Ratio or its related term are showing as below:
During the past 13 years, the highest Dividend Payout Ratio of Independent Bank (Ionia MI) was 0.45. The lowest was 0.24. And the median was 0.32.
As of today (2024-04-19), the Dividend Yield % of Independent Bank (Ionia MI) is 3.92%.
During the past 13 years, the highest Trailing Annual Dividend Yield of Independent Bank (Ionia MI) was 6.30%. The lowest was 0.46%. And the median was 2.92%.
Independent Bank (Ionia MI)'s Dividends per Share for the months ended in Dec. 2023 was $0.23.
During the past 12 months, Independent Bank (Ionia MI)'s average Dividends Per Share Growth Rate was 4.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.30% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Independent Bank (Ionia MI) was 32.60% per year. The lowest was -66.30% per year. And the median was 13.70% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
The historical data trend for Independent Bank (Ionia MI)'s Dividend Payout Ratio can be seen below:
* 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.
For the Banks - Regional subindustry, Independent Bank (Ionia MI)'s Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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.
For the Banks industry and Financial Services sector, Independent Bank (Ionia MI)'s Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Independent Bank (Ionia MI)'s Dividend Payout Ratio falls into.
Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.
Independent Bank (Ionia MI)'s Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as
Dividend Payout Ratio | = | Dividends per Share (A: Dec. 2023 ) | / | EPS without NRI (A: Dec. 2023 ) |
= | 0.92 | / | 2.79 | |
= | 0.33 |
Independent Bank (Ionia MI)'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 ) |
= | 0.23 | / | 0.65 | |
= | 0.35 |
* 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 (Ionia MI) (NAS:IBCP) Dividend Payout Ratio Explanation
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Thank you for viewing the detailed overview of Independent Bank (Ionia MI)'s Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.
Stefanie M Kimball | officer: Executive Vice President | 230 WEST MAIN STREET, IONIA MI 48846 |
Terance L Beia | director | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Archer Dennis W. Jr | director | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Christina Keller | director | 4200 E BELTLINE AVE, GRAND RAPIDS MI 49525 |
James J Twarozynski | officer: Sr Vice President & Controller | 201 HIGHLAND DRIVE, ROCKFORD MI 49341 |
Gavin A. Mohr | officer: Executive Vice President | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Kristopher Kreter | officer: First Vice Pres. & Controller | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Ronia F Kruse | director | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Joel F Rahn | officer: Executive Vice President | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
William B Kessel | officer: President of Affiliate Bank | INDEPENDENT BANK CORPORATION, 230 WEST MAIN STREET, IONIA MI 48846 |
Matthew J Missad | director | 2801 EAST BELTLINE, N.E., GRAND RAPIDS MI 49525 |
Patrick J Ervin | officer: Executive Vice President | 4200 E BELTLINE, GRAND RAPIDS MI 49525 |
Dennis J Mack | officer: Executive Vice President | 230 WEST MAIN STREET, IONIA MI 48846 |
Robert N Shuster | officer: Executive Vice President and C | 201 HIGHLAND DRIVE, ROCKFORD MI 49341 |
Stephen A. Erickson | officer: EVP and Treasurer | 1201 NETWORK CENTRE DRIVE, EFFINGHAM IL 62401 |
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