INDB (Independent Bank) Dividend Payout Ratio : 0.56 (As of Sep. 2024)

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What is Independent Bank 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's Dividend Payout Ratio for the months ended in Sep. 2024 was 0.56.

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

INDB' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.31 Med: 0.38 Max: 0.5
Current: 0.49

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.

INDB's Dividend Payout Ratio is ranked worse than
69.22% of 1147 companies
in the Banks industry
Industry Median: 0.34 vs INDB: 0.49

As of today (2024-12-14), the Dividend Yield % of Independent Bank is 3.19%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Independent Bank was 4.85%. The lowest was 1.52%. And the median was 2.30%.

Independent Bank's Dividends per Share for the months ended in Sep. 2024 was $0.57.

During the past 12 months, Independent Bank's average Dividends Per Share Growth Rate was 2.70% 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.

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

Independent Bank Dividend Payout Ratio Historical Data

The historical data trend for Independent Bank'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.

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Independent Bank Dividend Payout Ratio Chart

Independent Bank Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.31

0.50

0.36

0.41

Independent Bank 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															0.40	0.44	0.51	0.47	0.56

Competitive Comparison of Independent Bank's Dividend Payout Ratio

For the Banks - Regional subindustry, Independent Bank'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's Dividend Payout Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Independent Bank's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Independent Bank's Dividend Payout Ratio falls into.

Independent Bank Dividend Payout Ratio Calculation

Independent Bank'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 )
	=	2.2	/	5.42
	=	0.41

Independent Bank'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 )
	=	0.57	/	1.01
	=	0.56

Independent Bank (NAS:INDB) 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 Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Independent Bank's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Independent Bank Business Description

Industry

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

Comparable Companies

Traded in Other Exchanges

N/A

Address

2036 Washington Street, Hanover, MA, USA, 02339

Website

https://www.rocklandtrust.com

Independent Bank Corp 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 provides a variety of banking, investment and financial services, operating with various retail branches, as well as a network of commercial and residential lending centers, and investment management offices majorly in Eastern Massachusetts, Worcester County, and Rhode Island. 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, majority of which are made to its market area in eastern Massachusetts and Rhode Island. The bank's loan portfolio is predominantly in commercial loans.

Executives

Eileen C Miskell	director	C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370
Donna L Abelli	director	INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
John J Morrissey	director	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Jeffrey J Tengel	director, officer: Chief Executive Officer	1900 EAST NINTH STREET, CLEVELAND OH 44114
Lee C Powlus	officer: Chief Tech & Operations Off.	850 MAIN STREET, BRIDGEPORT CT 06604
Patricia M Natale	officer: General Counsel
Barry H Jensen	officer: Chief Information Officer	INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Mark J Ruggiero	officer: Principal Accounting Officer	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Scott Smith	director	320 NORWOOD PARK SOUTH, NORWOOD MA 02062
Maureen A. Gaffney	officer: Principal Accounting Officer	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Christopher Oddleifson	director, officer: President and CEO
Edward H Seksay	officer: General Counsel	C/O INDEPENDENT BANK CORP, 288 UNION STREET, ROCKLAND MA 02370
Dawn Mugford	officer: Chief Risk Officer	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Robert D Cozzone	officer: CFO and Treasurer	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370
Gerard F Nadeau	officer: Executive Vice President	C/O INDEPENDENT BANK CORP., 288 UNION STREET, ROCKLAND MA 02370