Independent Bank (INDB) dividend history and yield
Dividend summary
- Frequency
- Quarterly
- Trailing 12 months
- $2.51
- Forward yield
- 3.26%
- Payout ratio
- 36.0%
- Growth streak
- 5 years
Independent Bank pays a quarterly dividend of $0.64 per share. Its most recent payment had an ex-date of September 28, 2026 and a pay date of October 9, 2026. Over the trailing twelve months, it paid $2.51 per share, a yield of about 3.16% at a share price of $79.43.
The company has raised its dividend once a year. Most raises came with the payment that goes ex-dividend in late March, though the 2022 raise came with the December payment. The rate went from $0.48 to $0.51 in March 2022, then to $0.55 in December 2022, $0.57 in March 2024, $0.59 in March 2025 and $0.64 in March 2026. The steps ranged from two to five cents, or roughly 3.5% to 8.5%. Since late 2021, the quarterly rate has grown about 33%. Payments by calendar year rose from $2.08 in 2022 to $2.20 in 2023, $2.28 in 2024 and $2.36 in 2025. The source gives a growth streak of five years.
If the pattern holds, the next payment would go ex-dividend in late December 2026 and be paid in early January 2027. Recent raises have come with the March payment.
Dividend per share by year
Dividend history
| Declared | Ex-dividend date | Pay date | Amount |
|---|---|---|---|
| Sep 17, 2026 | Sep 28, 2026 | Oct 9, 2026 | $0.64 |
| Jun 18, 2026 | Jun 29, 2026 | Jul 9, 2026 | $0.64 |
| Mar 19, 2026 | Mar 30, 2026 | Apr 9, 2026 | $0.64 |
| Dec 10, 2025 | Dec 29, 2025 | Jan 7, 2026 | $0.59 |
| Sep 18, 2025 | Sep 29, 2025 | Oct 7, 2025 | $0.59 |
| Jun 18, 2025 | Jun 30, 2025 | Jul 7, 2025 | $0.59 |
| Mar 20, 2025 | Mar 31, 2025 | Apr 7, 2025 | $0.59 |
| Dec 12, 2024 | Dec 30, 2024 | Jan 6, 2025 | $0.57 |
| Sep 19, 2024 | Sep 30, 2024 | Oct 4, 2024 | $0.57 |
| Jun 20, 2024 | Jul 1, 2024 | Jul 8, 2024 | $0.57 |
| Mar 21, 2024 | Mar 28, 2024 | Apr 5, 2024 | $0.57 |
| Dec 14, 2023 | Dec 22, 2023 | Jan 5, 2024 | $0.55 |
| Sep 21, 2023 | Sep 29, 2023 | Oct 6, 2023 | $0.55 |
| Jun 15, 2023 | Jun 23, 2023 | Jul 7, 2023 | $0.55 |
| Mar 16, 2023 | Mar 24, 2023 | Apr 6, 2023 | $0.55 |
| Dec 8, 2022 | Dec 23, 2022 | Jan 6, 2023 | $0.55 |
| Sep 15, 2022 | Sep 23, 2022 | Oct 7, 2022 | $0.51 |
| Jun 16, 2022 | Jun 24, 2022 | Jul 8, 2022 | $0.51 |
| Mar 17, 2022 | Mar 25, 2022 | Apr 8, 2022 | $0.51 |
| Dec 9, 2021 | Dec 23, 2021 | Jan 7, 2022 | $0.48 |
Frequently asked questions
Does Independent Bank (INDB) pay a dividend?
Yes. Independent Bank pays a quarterly dividend; the most recent payment was $0.64 per share.
What is INDB's dividend yield?
Independent Bank paid $2.51 per share over the trailing twelve months, a yield of 3.26% at the last price of $77.08. Click here to learn more
When is INDB's most recent ex-dividend date?
Independent Bank's most recent ex-dividend date is Sep 28, 2026, payable on Oct 9, 2026.
What is the difference between ex and payment dates?
An ex-date is the cutoff day for ownership, the payment date is when the distribution actually happens. Click here to learn more
Has INDB been raising its dividend?
Yes — Independent Bank has increased its dividend for 5 consecutive calendar years.
Dividend amounts and dates are supplied by third parties and may be revised. Declaring, raising, cutting or suspending a dividend is entirely at the issuer’s discretion, and scheduled dates are estimates until declared. A past record of payments does not mean future payments will be made. Nothing here suggests trading around a distribution.
This page is for informational purposes only. Nothing on it is a recommendation, solicitation or offer to buy or sell any security, nor investment, legal or tax advice. Light Horse Securities Inc does not verify third-party data and is not responsible for its accuracy, completeness or timeliness.