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Stock impact report

Independent Bank Corporation Announces 8% Increase in Quarterly Cash Dividend on Common Stock

Independent Bank Corporation (IBCP) 
Last independent bank corporation earnings: 4/30 07:59 am Check Earnings Report
Company Research Source: GlobeNewswire
GRAND RAPIDS, Mich., Jan. 10, 2025 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of 26 cents per share. This dividend is payable on February 14, 2025, to shareholders of record on February 4, 2025. The quarterly dividend represents an 8% increase over the quarterly dividend rate paid for each quarter in 2024. William B. (“Brad”) Kessel, the President and Chief Executive Officer of Independent Bank Corporation, commented: “I am pleased that our Board of Directors has approved an increase of over 8% in our quarterly dividend compared to the rate paid each quarter in 2024. This marks the twelfth consecutive annual increase in our dividend payment. The Board's decision is a testament to our consistent long-term performance, robust capital position, and optimistic outlook for the future.” Show less Read more
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