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Independent Bank Co.(MI) Dividend Yield, History & Payout Ratio (NASDAQ:IBCP)

$20.78
-0.06 (-0.29 %)
(As of 10/15/2019 03:22 AM ET)
Today's Range
$20.53
Now: $20.78
$20.80
50-Day Range
$19.00
MA: $20.61
$22.02
52-Week Range
$18.94
Now: $20.78
$24.20
Volume33,882 shs
Average Volume105,909 shs
Market Capitalization$487.77 million
P/E Ratio12.37
Dividend Yield3.45%
Beta0.5

Dividends

Independent Bank Co.(MI) (NASDAQ:IBCP) Dividend Information

Independent Bank Co.(MI) pays an annual dividend of $0.72 per share, with a dividend yield of 3.46%. IBCP's most recent quarterly dividend payment was made to shareholders of record on Thursday, August 15. The company has grown its dividend for the last 3 consecutive years and is increasing its dividend by an average of 32.10% each year. Independent Bank Co.(MI) pays out 42.86% of its earnings out as a dividend.
Most Recent Dividend:8/15/2019
Annual Dividend:$0.72
Dividend Yield:3.46%
Dividend Growth:32.10% (3 Year Average)
Payout Ratio(s):42.86% (Trailing 12 Months of Earnings)
38.71% (Based on This Year's Estimates)
35.64% (Based on Next Year's Estimates)
37.49% (Based on Cash Flow)
Track Record:3 Years of Consecutive Dividend Growth
Frequency:Quarterly Dividend
Most-Recent Increase:$0.03 increase on 1/21/2019

Independent Bank Co.(MI) (NASDAQ:IBCP) Dividend History by Quarter

AnnouncedPeriodAmountYieldEx-Dividend DateRecord DatePayable Date
7/23/2019quarterly$0.183.34%8/5/20198/6/20198/15/2019
4/23/2019quarterly$0.183.38%5/3/20195/6/20195/15/2019
1/21/2019quarterly$0.183.16%2/4/20192/5/20192/15/2019
10/23/2018quarterly$0.152.62%11/2/201811/5/201811/15/2018
7/23/2018quarterly$0.152.33%8/3/20188/6/20188/15/2018
4/24/2018quarterly$0.152.35%5/4/20185/7/20185/15/2018
1/22/2018quarterly$0.152.62%2/6/20182/7/20182/15/2018
10/24/2017quarterly$0.122.16%11/3/201711/6/201711/15/2017
7/25/2017quarterly$0.101.88%8/3/20178/7/20178/15/2017
4/25/2017quarterly$0.101.72%5/4/20175/8/20175/15/2017
1/24/2017quarterly$0.101.9%2/6/20172/8/20172/15/2017
10/25/2016quarterly$0.1011/3/201611/7/201611/15/2016
7/26/2016quarterly$0.088/4/20168/8/20168/15/2016
4/26/2016quarterly$0.085/4/20165/6/20165/16/2016
1/22/2016quarterly$0.082/3/20162/5/20162/16/2016
10/29/2015quarterly$0.0811/5/201511/9/201511/16/2015
7/27/2015quarterly$0.068/5/20158/7/20158/17/2015
4/22/2015quarterly$0.061.83%5/1/20155/5/20155/15/2015
1/21/2015quarterly$0.061.9%2/4/20152/6/20152/17/2015
10/28/2014quarterly$0.061.98%11/5/201411/7/201411/17/2014
7/22/2014quarterly$0.061.94%8/1/20148/5/20148/15/2014
4/16/2014quarterly$0.064/28/20144/30/20145/15/2014
(Data available from 1/1/2013 forward)
This page was last updated on 10/15/2019 by MarketBeat.com Staff

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