Investors eagerly anticipate the dividend payout from Independent Bank INDB on January 05, 2024. With a payout of $0.55 per share and an annualized dividend yield of 3.38%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on December 22, 2023
Independent Bank Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-22 | 4 | $0.55 | 3.38% | 2023-12-14 | 2023-12-26 | 2024-01-05 |
| 2023-09-29 | 4 | $0.55 | 4.45% | 2023-09-21 | 2023-10-02 | 2023-10-06 |
| 2023-06-23 | 4 | $0.55 | 4.48% | 2023-06-15 | 2023-06-26 | 2023-07-07 |
| 2023-03-24 | 4 | $0.55 | 3.26% | 2023-03-16 | 2023-03-27 | 2023-04-06 |
| 2022-12-23 | 4 | $0.55 | 2.53% | 2022-12-08 | 2022-12-27 | 2023-01-06 |
| 2022-09-23 | 4 | $0.51 | 2.66% | 2022-09-15 | 2022-09-26 | 2022-10-07 |
| 2022-06-24 | 4 | $0.51 | 2.56% | 2022-06-16 | 2022-06-27 | 2022-07-08 |
| 2022-03-25 | 4 | $0.51 | 2.38% | 2022-03-17 | 2022-03-28 | 2022-04-08 |
| 2021-12-23 | 4 | $0.48 | 2.32% | 2021-12-09 | 2021-12-27 | 2022-01-07 |
| 2021-09-24 | 4 | $0.48 | 2.73% | 2021-09-16 | 2021-09-27 | 2021-10-08 |
| 2021-06-25 | 4 | $0.48 | 2.36% | 2021-06-17 | 2021-06-28 | 2021-07-09 |
| 2021-03-26 | 4 | $0.48 | 2.07% | 2021-03-18 | 2021-03-29 | 2021-04-09 |
When comparing Independent Bank's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer First Interstate BancSys FIBK having the highest annualized dividend yield at 6.21%.
Analyzing Independent Bank Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $1.84 to $2.20, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Independent Bank
From 2020 to 2023, Independent Bank experienced a growth in earnings per share, with an increase from $3.98 to $5.85. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article delves into the recent dividend payout of Independent Bank and its implications for shareholders. Presently, the company is distributing a dividend of $0.55 per share, leading to an annualized dividend yield of 3.38%.
When comparing Independent Bank's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer First Interstate BancSys having the highest annualized dividend yield at 6.21%.
Considering the increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, Independent Bank appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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