Independent Bank's dividends per share for the
three
months ended in Dec. 2023 was $0.55. Its dividends per share for the trailing twelve months (TTM) ended in Dec. 2023 was $2.22. Its Dividend Payout Ratio for the
three
months ended in Dec. 2023 was 0.44. As of today, Independent Bank's Dividend Yield % is 4.24%.
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.
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.
For more information regarding to dividend, please check our Dividend Page.
Independent Bank Dividends per Share Historical Data
The historical data trend for Independent Bank's Dividends per Share 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.
Competitive Comparison of Independent Bank's Dividends per Share
For the Banks - Regional subindustry, Independent Bank's Dividend Yield %, along with its competitors' market caps and Dividend Yield % 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's Dividend Yield % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, Independent Bank's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Independent Bank's Dividend Yield % falls into.
Independent Bank Dividends per Share Calculation
Dividends paid to per common share.
Independent Bank (NAS:INDB) Dividends per Share 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
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
Current Share Price is $52.35.
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%.
* 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 Dividends per Share Related Terms
Thank you for viewing the detailed overview of Independent Bank's Dividends per Share provided by GuruFocus.com. Please click on the following links to see related term pages.
Independent Bank (Independent Bank) Business Description
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.
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