INDB Dividend History & Yield

Independent Bank Corp. · NasdaqGS

Stock Financial Services Quarterly payer Financial
$82.54
-1.62% today
as of Sep 8, 2026
TTM yield
2.98%
$2.46/share over the last 12 months
Forward yield
3.10%
$2.56/share indicated annual rate
Annual dividend
$2.56
per share, forward
Per payment
$0.64
per share, every quarter
Frequency
Quarterly
4 payments a year
Next ex-dividend date
Sep 28, 2026 Estimated
in 19 days
Next pay date
Oct 5, 2026
in 26 days
Last ex-dividend date
Jun 29, 2026
$0.64 per share
Payout ratio
44%
of earnings
Market cap
3.9B
P/E 14.9
5y dividend CAGR
+5.5%
annualised, regular payments
Growth streak
2 yrs
consecutive annual raises
Years paying
39.7
since Dec 18, 1986
1y total return
+18.9%
price +15.4% + dividends 3.4%

Upcoming dividend payments

Ex-datePay datePer sharePer 100 sharesStatus
Mon, Sep 28, 2026 (in 19 days) Oct 5, 2026 $0.64 $64.00 Estimated
Mon, Dec 28, 2026 (in 110 days) Jan 4, 2027 $0.64 $64.00 Estimated
Mon, Mar 29, 2027 (in 201 days) Apr 5, 2027 $0.64 $64.00 Estimated
Mon, Jun 28, 2027 (in 292 days) Jul 5, 2027 $0.64 $64.00 Estimated

Estimated dates and amounts are projected from INDB's recent payment pattern and will be replaced by declared figures when the company announces them. Total over the next 12 months: about $2.56 per share.

Dividend payment history

Last 40 payments per share. RegularSpecial

Last 40 payments per share from Dec 21, 2016 to Jun 29, 2026; most recent $0.64$0.00$0.40$0.80Dec 21, 2016: $0.29Dec '16Mar 23, 2017: $0.32Jun 22, 2017: $0.32Sep 22, 2017: $0.32Sep 29, 2017: $0.32Dec 22, 2017: $0.32Dec '17Mar 23, 2018: $0.38Jun 29, 2018: $0.38Sep 28, 2018: $0.38Dec 28, 2018: $0.38Mar 22, 2019: $0.44Mar '19Jun 28, 2019: $0.44Sep 27, 2019: $0.44Dec 27, 2019: $0.44Mar 27, 2020: $0.46Jun 26, 2020: $0.46Jun '20Sep 25, 2020: $0.46Dec 24, 2020: $0.46Mar 26, 2021: $0.48Jun 25, 2021: $0.48Sep 24, 2021: $0.48Sep '21Dec 23, 2021: $0.48Mar 25, 2022: $0.51Jun 24, 2022: $0.51Sep 23, 2022: $0.51Dec 23, 2022: $0.55Dec '22Mar 24, 2023: $0.55Jun 23, 2023: $0.55Sep 29, 2023: $0.55Dec 22, 2023: $0.55Mar 28, 2024: $0.57Mar '24Jul 1, 2024: $0.57Sep 30, 2024: $0.57Dec 30, 2024: $0.57Mar 31, 2025: $0.59Jun 30, 2025: $0.59Jun '25Sep 29, 2025: $0.59Dec 29, 2025: $0.59Mar 30, 2026: $0.64Jun 29, 2026: $0.64

Annual dividends per share

Annual dividend per share by calendar year, 2017 to 2026 (year to date)$0.00$1.25$2.502017: $1.60$1.6020172018: $1.52$1.5220182019: $1.76$1.7620192020: $1.84$1.8420202021: $1.92$1.9220212022: $2.08$2.0820222023: $2.20$2.2020232024: $2.28$2.2820242025: $2.36$2.3620252026 (YTD): $1.28$1.282026 YTD

How much INDB do you need for monthly income?

Target incomeShares neededCapital at today's pricePer year
$100 / month469$38,691$1,200
$500 / month2,344$193,453$6,000
$1,000 / month4,688$386,906$12,000

Based on the forward yield of 3.10%. $10,000 in INDB would currently pay about $310 a year ($26 a month on average). Model reinvestment and growth →

INDB dividend history

Ex-datePay dateAmountChange
Jun 29, 2026 Jul 9, 2026 $0.64 +0.0%
Mar 30, 2026 Apr 9, 2026 $0.64 +8.5%
Dec 29, 2025 Jan 7, 2026 $0.59 +0.0%
Sep 29, 2025 Oct 7, 2025 $0.59 +0.0%
Jun 30, 2025 Jul 7, 2025 $0.59 +0.0%
Mar 31, 2025 Apr 7, 2025 $0.59 +3.5%
Dec 30, 2024 Jan 6, 2025 $0.57 +0.0%
Sep 30, 2024 Oct 4, 2024 $0.57 +0.0%
Jul 1, 2024 Jul 8, 2024 $0.57 +0.0%
Mar 28, 2024 Apr 5, 2024 $0.57 +3.6%
Dec 22, 2023 Jan 5, 2024 $0.55 +0.0%
Sep 29, 2023 Oct 6, 2023 $0.55 +0.0%
Jun 23, 2023 Jul 7, 2023 $0.55 +0.0%
Mar 24, 2023 Apr 6, 2023 $0.55 +0.0%
Dec 23, 2022 Jan 6, 2023 $0.55 +7.8%
Sep 23, 2022 Oct 7, 2022 $0.51 +0.0%
Jun 24, 2022 Jul 8, 2022 $0.51 +0.0%
Mar 25, 2022 Apr 8, 2022 $0.51 +6.2%
Dec 23, 2021 Jan 7, 2022 $0.48 +0.0%
Sep 24, 2021 Oct 8, 2021 $0.48 +0.0%
Jun 25, 2021 Jul 9, 2021 $0.48 +0.0%
Mar 26, 2021 Apr 9, 2021 $0.48 +4.3%
Dec 24, 2020 Jan 8, 2021 $0.46 +0.0%
Sep 25, 2020 Oct 9, 2020 $0.46 +0.0%

INDB dividend increases & cuts

Market-wide changes →
Ex-dateChangeOldNewStatus
Mar 30, 2026 Raised 8.5% $0.59 $0.64 Paid

Detected from the regular payment stream; supplemental and special dividends are excluded. Pro members get an email the morning a holding raises or cuts.

Payout risk check

Yield-trap heuristicLow risk

INDB scores 0/100 on our yield-trap heuristic (low risk).

No warning flags: the payout ratio, yield level, 5-year cut history and price trend all look ordinary.

This is a rule-based screen computed from public data, not a rating or a recommendation. Read our guide to yield traps for what the signals mean.

About Independent Bank Corp.

Independent Bank Corp. operates as the bank holding company for Rockland Trust Company that provides commercial banking products and services to individuals and small-to-medium sized businesses in the United States. It provides interest checking, money market, and savings accounts, as well as demand deposits and time certificates of deposit. The company also offers commercial real estate and construction, commercial and industrial, small business, secured and unsecured commercial, and consumer real estate loans; term loans and revolving/nonrevolving lines of credit; overdraft protection and letters of credit; and residential mortgages and home equity loans and lines.

Sector: Financial Services. Industry: Banks - Regional. First dividend on our records: Dec 18, 1986. 144 payments tracked. Data last refreshed Sep 8, 2026. Spotted a mistake? Report it and we'll fix it.

INDB dividend FAQ

When is INDB's next ex-dividend date?

INDB's next ex-dividend date is Sep 28, 2026 (in 19 days, estimated from its quarterly schedule). You must own the shares before that date to receive the payment of about $0.64 per share, expected on Oct 5, 2026.

How often does INDB pay dividends?

INDB pays dividends every quarter, 4 times a year. The most recent payment was $0.64 per share with an ex-date of Jun 29, 2026.

What is INDB's dividend yield?

INDB's trailing 12-month dividend yield is 2.98%, based on $2.46 per share paid over the last year and a share price of $82.54. The forward yield, using the indicated annual rate of $2.56 per share, is 3.10%.

How much does INDB pay per share?

INDB pays about $0.64 per share each quarter, which works out to roughly $2.56 per share a year. 100 shares would collect about $256.00 a year.

Has INDB grown or cut its dividend?

INDB has raised its annual dividend for 2 consecutive years. Over the last 5 years the regular payout has grown at 5.5% a year (+6.0% over the last year). There has been no cut to a regular payment in the last 5 years.

How many shares of INDB do I need to earn $100 a month?

At the current forward yield of 3.10%, you would need about 469 shares of INDB (roughly $38,691 invested at today's price) to collect $1,200 a year, or $100 a month on average, before taxes. Payments arrive every quarter, so the monthly figure is an average.

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