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

Core Points - Independent Bank Corporation declared a quarterly cash dividend of 26 cents per share, payable on February 14, 2025, to shareholders of record on February 4, 2025, representing an 8% increase over the 2024 quarterly dividend rate [1] - This marks the twelfth consecutive annual increase in the company's dividend payment, reflecting consistent long-term performance and a robust capital position [2] - Independent Bank Corporation has total assets of approximately $5.3 billion and operates a branch network across Michigan's Lower Peninsula, providing a full range of financial services [3]