Independent Bank Corp (INDB) will raise its quarterly dividend by 15.8 percent to $0.44 per share in 2019. This marks the 9th consecutive year of dividend increases by the bank holding company and follows last year's 18.8 percent dividend increase.
The dividend will be payable on April 5, 2019, to stockholders of record as of the close of business on March 25, 2019. A new annual rate of $1.76 per share yields 2.2% at the current stock price.
Independent Bank Corp. is a bank holding company. INDB is the sole stockholder of Rockland Trust Company, a community-oriented commercial bank. The Company's community banking business provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management.
2022