As of today (2024-04-18), the Forward Annual Dividend Yield of Independent Bank is 4.65%.
As of today (2024-04-18), the Trailing Annual Dividend Yield of Independent Bank is 4.54%.
INDB's Forward Dividend Yield % is ranked better than 57.62% of 1168
companies
in the Banks industry
Industry Median: 4.2
vs INDB: 4.65
Independent Bank's Dividends per Share for the
three
months ended in Dec. 2023 was $0.55.
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.
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.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Competitive Comparison
For the Banks - Regional subindustry, Independent Bank's Forward Dividend Yield %, along with its competitors' market caps and Forward 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 Forward Dividend Yield % Distribution
For the Banks industry and Financial Services sector, Independent Bank's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Independent Bank's Forward Dividend Yield % falls into.
Independent Bank Forward Dividend Yield % Calculation
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 Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
2.28
/
49.00
=
4.65 %
Current Share Price is $49.00.
Independent Bank's Dividends per Share for the forward twelve months is calculated as $0.57 * 4 = $2.28.
Independent Bank's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
2.22
/
49.00
=
4.53 %
Current Share Price is $49.00.
Independent Bank's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.22.
* 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 (NAS:INDB) Forward Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
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.
Independent Bank Forward Dividend Yield % Related Terms
Thank you for viewing the detailed overview of Independent Bank's Forward Dividend Yield % 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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