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Independent Bank (Ionia MI)'s Dividends per Share for the three months ended in Dec. 2023 was $0.23.
The historical rank and industry rank for Independent Bank (Ionia MI)'s 3-Year Dividend Growth Rate or its related term are showing as below:
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.
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. 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 (Ionia MI)'s Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.35. As of today, Independent Bank (Ionia MI)'s Dividend Yield % is 3.72%.
Warning Sign:
Independent Bank Corp (Ionia MI) stock dividend yield is close to 2-year low.
For more information regarding to dividend, please check our Dividend Page.
For the Banks - Regional subindustry, Independent Bank (Ionia MI)'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.
For the Banks industry and Financial Services sector, Independent Bank (Ionia MI)'s 3-Year Dividend Growth Rate distribution charts can be found below:
* The bar in red indicates where Independent Bank (Ionia MI)'s 3-Year Dividend Growth Rate falls into.
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 (Ionia MI) (NAS:IBCP) 3-Year Dividend Growth Rate Explanation
1. 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 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 |
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.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Independent Bank (Ionia MI) Recent Full-Year* Dividend History
Amount | Ex-date | Record Date | Pay Date | Type | Frequency | Forex Rate |
---|---|---|---|---|---|---|
USD 0.240 | 2024-02-02 | 2024-02-05 | 2024-02-15 | Cash Dividend | quarterly | USD:USD 1.000000 |
USD 0.230 | 2023-11-02 | 2023-11-03 | 2023-11-13 | Cash Dividend | quarterly | USD:USD 1.000000 |
USD 0.230 | 2023-08-03 | 2023-08-04 | 2023-08-14 | Cash Dividend | quarterly | USD:USD 1.000000 |
USD 0.230 | 2023-05-04 | 2023-05-05 | 2023-05-15 | 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 (Ionia MI)'s Dividend Yield (%) for Today is calculated as
Dividend Yield % | = | Most Recent Full Year Dividend | / | Current Share Price |
= | 0.93 | / | 24.99 | |
= | 3.72 % |
Current Share Price is $24.99.
Independent Bank (Ionia MI)'s Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.93.
During the past 13 years, the highest Dividend Yield of Independent Bank (Ionia MI) was 6.30%. The lowest was 0.46%. And the median was 2.92%.
Warning Sign:
Independent Bank Corp (Ionia MI) stock dividend yield is close to 2-year low.
* 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.
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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