IBCP (Independent Bank (Ionia MI)) Dividend Payout Ratio : 0.37 (As of Sep. 2024)

View and export this data going back to 1985. Start your Free Trial

What is Independent Bank (Ionia MI) Dividend Payout Ratio?

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Independent Bank (Ionia MI)'s Dividend Payout Ratio for the months ended in Sep. 2024 was 0.37.

The historical rank and industry rank for Independent Bank (Ionia MI)'s Dividend Payout Ratio or its related term are showing as below:

IBCP' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.24 Med: 0.32 Max: 0.45
Current: 0.32

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.

IBCP's Dividend Payout Ratio is ranked better than
56.58% of 1147 companies
in the Banks industry
Industry Median: 0.34 vs IBCP: 0.32

As of today (2024-12-14), the Dividend Yield % of Independent Bank (Ionia MI) is 2.53%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Independent Bank (Ionia MI) was 6.30%. The lowest was 0.92%. And the median was 3.01%.

Independent Bank (Ionia MI)'s Dividends per Share for the months ended in Sep. 2024 was $0.24.

During the past 12 months, Independent Bank (Ionia MI)'s average Dividends Per Share Growth Rate was 4.40% 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.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

Independent Bank (Ionia MI) Dividend Payout Ratio Historical Data

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.

* Premium members only.

Independent Bank (Ionia MI) Dividend Payout Ratio Chart

Independent Bank (Ionia MI) Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

Get a 7-Day Free Trial

0.36

0.32

0.29

0.30

0.33

Independent Bank (Ionia MI) Quarterly Data
	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24
Dividend Payout Ratio	Get a 7-Day Free Trial															0.28	0.35	0.32	0.27	0.37

Competitive Comparison of Independent Bank (Ionia MI)'s Dividend Payout Ratio

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.

Independent Bank (Ionia MI)'s Dividend Payout Ratio Distribution in the Banks Industry

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.

Independent Bank (Ionia MI) Dividend Payout Ratio Calculation

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 Sep. 2024 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Sep. 2024 )	/	EPS without NRI (Q: Sep. 2024 )
	=	0.24	/	0.65
	=	0.37

Independent Bank (Ionia MI) (NAS:IBCP) Dividend Payout Ratio Explanation

In dividends investing, Dividend 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 (Ionia MI) Dividend Payout Ratio Related Terms

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.

Independent Bank (Ionia MI) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Independent Bank Corp (Ionia MI) (NAS:IBCP) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

4200 East Beltline, Grand Rapids, MI, USA, 49525

Website

https://www.independentbank.com

Independent Bank Corp (Ionia MI) operates as a commercial bank. It offers a broad range of banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. It also provides internet and mobile banking capabilities to its customers.

Executives

Patrick J Ervin	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
Daniel Larry R Jr	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
Gavin A. Mohr	officer: Executive Vice President	4200 E BELTLINE, GRAND RAPIDS MI 49525
Christina Keller	director	4200 E BELTLINE AVE, GRAND RAPIDS MI 49525
Stefanie M Kimball	officer: Executive Vice President	230 WEST MAIN STREET, IONIA MI 48846
James J Twarozynski	officer: Sr Vice President & Controller	201 HIGHLAND DRIVE, ROCKFORD MI 49341
Terance L Beia	director	4200 E BELTLINE, GRAND RAPIDS MI 49525
Archer Dennis W. Jr	director	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
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