Independent Bank Corp. Raises Quarterly Dividend

The bank will pay a $0.64 dividend per share on April 9th, an 8.5% increase from the previous quarter.

Mar. 28, 2026 at 11:19am

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Independent Bank Corp. (NASDAQ:INDB) has declared a quarterly dividend of $0.64 per share, payable on April 9th to shareholders of record as of March 30th. This represents an 8.5% increase from the bank's previous quarterly dividend of $0.59 per share.

Why it matters

The dividend increase demonstrates Independent Bank's financial strength and commitment to returning capital to shareholders. As a regional bank serving individuals, small businesses, and commercial clients, this move signals the company's confidence in its ability to generate consistent earnings and cash flow.

The details

Independent Bank has raised its dividend every year for the last 15 years, with an average annual increase of 0.1% over the past three years. The bank's current dividend payout ratio of 37.8% indicates its dividend is well-covered by earnings, and analysts expect the company to earn $6.70 per share next year, which would result in a projected payout ratio of 38.2%.

  • Independent Bank declared the quarterly dividend on Thursday, March 19th.
  • The dividend will be payable on Thursday, April 9th to shareholders of record on Monday, March 30th.
  • The ex-dividend date is Monday, March 30th.

The players

Independent Bank Corp.

A bank holding company headquartered in McKinney, Texas that provides a range of financial services through its wholly owned subsidiary, Independent Bank.

Donna L. Abelli

A director at Independent Bank Corp. who sold 524 shares of the company's stock in a transaction on February 4th.

John J. Morrissey

A director at Independent Bank Corp. who sold 1,988 shares of the company's stock in a transaction on February 6th.

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The takeaway

The dividend increase from Independent Bank Corp. reflects the company's financial stability and confidence in its ability to generate consistent earnings. As a regional bank focused on serving individuals, small businesses, and commercial clients, this move demonstrates Independent Bank's commitment to returning capital to shareholders while maintaining a healthy payout ratio.