Independent Bank Corp Rewards Shareholders With 3.5% Dividend Hike

Independent Bank Corp’s (INDB) board of directors announced a  dividend of 59 cents per share. This reflected a 3.5% hike from the previous payout. The dividend will be paid out on April 7, 2025, to shareholders of record as of March 31.The company has increased its dividend payout six times in the past five years. It last increased the dividend by 3.6% to 57 cents per share in March 2024. Currently, INDB’s payout ratio is 50% of earnings. This indicates that it retains ample earnings for reinvestment and g ...