INDB Dividend History & Analysis | 3.5% Yield

INDB has a dividend yield of 3.5% and paid 2.36 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 3.52%
Payout Ratio 46.6%
Growth Rate CAGR 5y 5.29%
Consistency Lifetime 87.8%
Yield on Cost 5y 3.55%
Payout FCF 47.3%
Streak Years 32
Dividend Rating 65.17%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: 20.5%
Total Return 5y: 19.4%

Top Dividend Payers in Regional Banks

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
VLK 2,592 M 7.68% 31.6%
BNP 113,797 M 9.55% 25.3%
GHI 190 M 12.2% 14.6%
NRIM 639 M 2.84% 29.6%
ACA 61,981 M 6.74% 17.0%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
CBK 45,999 M 80.3% 45.6%
DBK 74,824 M 50.4% 78.7%
CBNK 490 M 44.8% 100%
FCNCA 27,776 M 43.4% 97.5%
EQBK 999 M 42.5% 100%

Quality Dividend Peers in Regional Banks

EWBC
East West Bancorp
 2.47% Yield
FBIZ
First Business Financial
 2.35% Yield
FSBC
Five Star Bancorp
 2.62% Yield
AMAL
Amalgamated Bank
 1.88% Yield
NRIM
Northrim BanCorp
 2.84% Yield
SPFI
South Plains Financial
 1.70% Yield

INDB Dividend History: Last 50 Payments (USD) as of January 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-12-29 2025-12-29 2026-01-07 Quarterly 0.59 0% 0.79%
2025-09-29 2025-09-29 2025-10-07 Quarterly 0.59 0% 0.84%
2025-06-30 2025-06-30 2025-07-07 Quarterly 0.59 0% 0.93%
2025-03-31 2025-03-31 2025-04-07 Quarterly 0.59 3.5% 0.95%
2024-12-30 2024-12-30 2025-01-06 Quarterly 0.57 0% 0.89%
2024-09-30 2024-09-30 2024-10-04 Quarterly 0.57 0% 0.98%
2024-07-01 2024-07-01 2024-07-08 Quarterly 0.57 0% 1.14%
2024-03-28 2024-04-01 2024-04-05 Quarterly 0.57 3.6% 1.09%
2023-12-22 2023-12-26 2024-01-05 Quarterly 0.55 0% 0.84%
2023-09-29 2023-10-02 2023-10-06 Quarterly 0.55 0% 1.13%
2023-06-23 2023-06-26 2023-07-07 Quarterly 0.55 0% 1.23%
2023-03-24 2023-03-27 2023-04-06 Quarterly 0.55 0% 0.86%
2022-12-23 2022-12-27 2023-01-06 Quarterly 0.55 7.8% 0.66%
2022-09-23 2022-09-26 2022-10-07 Quarterly 0.51 0% 0.66%
2022-06-24 2022-06-27 2022-07-08 Quarterly 0.51 0% 0.65%
2022-03-25 2022-03-28 2022-04-08 Quarterly 0.51 6.3% 0.61%
2021-12-23 2021-12-27 2022-01-07 Quarterly 0.48 0% 0.6%
2021-09-24 2021-09-27 2021-10-08 Quarterly 0.48 0% 0.66%
2021-06-25 2021-06-28 2021-07-09 Quarterly 0.48 0% 0.61%
2021-03-26 2021-03-29 2021-04-09 Quarterly 0.48 4.3% 0.55%
2020-12-24 2020-12-28 2021-01-08 Quarterly 0.46 0% N/A
2020-09-25 2020-09-28 2020-10-09 Quarterly 0.46 0% N/A
2020-06-26 2020-06-29 2020-07-10 Quarterly 0.46 0% N/A
2020-03-27 2020-03-30 2020-04-09 Quarterly 0.46 4.5% N/A
2019-12-27 2019-12-30 2020-01-10 Quarterly 0.44 0% N/A
2019-09-27 2019-09-30 2019-10-11 Quarterly 0.44 0% N/A
2019-06-28 2019-07-01 2019-07-12 Quarterly 0.44 0% N/A
2019-03-22 2019-03-25 2019-04-05 Quarterly 0.44 15.8% N/A
2018-12-28 2018-12-31 2019-01-11 Quarterly 0.38 0% N/A
2018-09-28 2018-10-01 2018-10-05 Quarterly 0.38 0% N/A
2018-06-29 2018-07-02 2018-07-10 Quarterly 0.38 0% N/A
2018-03-23 2018-03-26 2018-04-06 Quarterly 0.38 18.8% N/A
2017-12-22 2017-12-26 2018-01-05 Quarterly 0.32 0% N/A
2017-09-29 2017-10-02 2017-10-06 Quarterly 0.32 0% N/A
2017-06-22 2017-06-26 2017-07-07 Quarterly 0.32 0% N/A
2017-03-23 2017-03-27 2017-04-07 Quarterly 0.32 10.3% N/A
2016-12-21 2016-12-26 2017-01-06 Quarterly 0.29 0% N/A
2016-09-22 2016-09-26 2016-10-07 Quarterly 0.29 0% N/A
2016-06-23 2016-06-27 2016-07-08 Quarterly 0.29 0% N/A
2016-03-23 2016-03-28 2016-04-08 Quarterly 0.29 11.5% N/A
2015-12-23 2015-12-28 2016-01-08 Quarterly 0.26 0% N/A
2015-09-24 2015-09-28 2015-10-09 Quarterly 0.26 0% N/A
2015-06-25 2015-06-29 2015-07-10 Quarterly 0.26 0% N/A
2015-03-26 2015-03-30 2015-04-10 Quarterly 0.26 8.3% N/A
2014-12-24 2014-12-29 2015-01-09 Quarterly 0.24 0% N/A
2014-09-25 2014-09-29 2014-10-10 Quarterly 0.24 0% N/A
2014-06-26 2014-06-30 2014-07-11 Quarterly 0.24 0% N/A
2014-03-27 2014-03-31 2014-04-11 Quarterly 0.24 9.1% N/A
2013-12-26 2013-12-30 2014-01-10 Quarterly 0.22 0% N/A
2013-09-26 2013-09-30 2013-10-11 Quarterly 0.22 0% N/A

INDB Dividend FAQ

Independent Bank Corp. (NASDAQ: INDB) is the holding company for Rockland Trust, a regional bank that serves individuals and small-to-medium enterprises across the United States with a full suite of deposit, loan, and cash-management products, plus wealth-management and insurance services.

What is the Dividend Yield of INDB?

As of January 2026, INDB`s dividend yield is 3.52%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 2.36 USD by the current share price of 79.38.

Does INDB pay a dividend?

As of January 2026, INDB paid a dividend of 2.36 USD in the last 12 months. The last dividend was paid on 2025-12-29 and the payout was 0.59 USD.

How often does INDB pay dividends?

INDB pays dividends quarterly. Over the last 12 months, INDB has issued 4 dividend payments. The last dividend payment was made on 2025-12-29.

INDB dividend forecast

Based on historical data, the forecasted dividends per share for INDB for the next 4 payments are between 0.603 (+2.2%) and 0.62 (+5.1%).
This suggests the dividend will remain relatively stable.

Will INDB pay dividends in 2026?

The latest dividend paid per share was 0.59 USD with an Ex-Dividend Date of 2025-12-29. The next Ex-Dividend date for Independent Bank (INDB) is currently unknown.

What is the next Ex-Dividend Date for INDB?

The next Ex-Dividend date for Independent Bank (INDB) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of INDB?

INDB's average dividend growth rate over the past 5 years is 5.29% per year.
Strong growth: INDB's Dividend growth is outpacing inflation.

What is the Yield on Cost of INDB?

INDB's 5-Year Yield on Cost is 3.55%. If you bought INDB's shares at 66.46 USD five years ago, your current annual dividend income (2.36 USD per share, trailing 12 months) equals 3.55% of your original purchase price.

What is the Payout Consistency of INDB?

INDB Payout Consistency is 87.8%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Moderately consistent: Independent Bank has a good track record of consistent dividend payments over its lifetime.

Does INDB have a good Dividend Yield?

INDB`s 3.52% Dividend Yield is considered as moderate. This is usually a sign of a value company.

What is the Dividend Payout Ratio of INDB?

The Dividend Payout Ratio of INDB is 46.6%. Healthy - Leaves room for growth and provides some protection to maintain dividends even in a recession.

What is the Dividend Rating of INDB?

INDB`s Overall Dividend Rating is 65.17%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

INDB Outstanding Shares Analysis

What is the Trend in INDB's Outstanding Shares?

Independent Bank's outstanding shares have decreased by approximately 3.32% annually over the past 3 years (Trend Reliability: -100.0%).

Shareholder-friendly: The company is actively buying back shares, reducing the share count. This increases earnings per share and often leads to higher dividends per share over time, as profits are distributed among fewer shareholders.

Has INDB ever had a Stock Split?

Yes, the last stock split was on Oct 1, 1987 with a ratio of 3:2.

This was a forward split: Each share became 1.5 shares, lowering the price proportionally. The dividend per share was also adjusted downward by the same ratio, so total dividend income remained unchanged.

Year Number of Shares Annual Growth Rate
2011 21,000,000
2012 22,000,000 +4.76%
2013 23,000,000 +4.55%
2014 24,000,000 +4.35%
2015 26,000,000 +8.33%
2016 26,000,000
2017 27,000,000 +3.85%
2018 28,000,000 +3.7%
2019 33,000,000 +17.86%
2020 33,000,000
2021 35,000,000 +6.06%
2022 46,000,000 +31.43%
2023 44,000,000 -4.35%
2024 43,000,000 -2.27%

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-01-21 02:55