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Independent Bank Corp. announces $0.59 per share dividend

Published 18/09/2025, 22:28
Independent Bank Corp. announces $0.59 per share dividend
INDB
2.99%

ROCKLAND, Mass. - Independent Bank Corp. (NASDAQ:INDB), the parent company of Rockland Trust Company, announced Thursday that its Board of Directors has declared a quarterly dividend of $0.59 per share, representing a 3.35% yield. According to InvestingPro data, the company has maintained dividend payments for 32 consecutive years, with 14 straight years of dividend increases.

The dividend will be payable on October 7, 2025, to stockholders of record as of the close of business on September 29, 2025.

Independent Bank Corp. operates as a holding company for Rockland Trust Company, a commercial bank headquartered in Massachusetts. The bank provides services through retail branches across Eastern Massachusetts, Worcester County, and Southern New Hampshire, with additional commercial banking and investment management offices in Massachusetts, New Hampshire, and Rhode Island.

The company offers banking, investment, and insurance services to individuals, families, and businesses, according to the press release statement. With an overall Financial Health score of FAIR from InvestingPro, analysts have set price targets ranging from $74 to $84 per share.

In other recent news, Independent Bank Corp reported impressive second-quarter 2025 earnings, surpassing analyst expectations. The company achieved a diluted EPS of $1.25, exceeding the forecasted $1.21, while revenue reached $181.8 million, outperforming the anticipated $179.47 million. Following these results, Raymond James adjusted its price target for Independent Bank Corp, raising it from $78.00 to $84.00 and maintaining a "Strong Buy" rating. The investment firm highlighted the bank’s expanding net interest margin and share repurchase activities as factors contributing to anticipated profitability improvements. These developments reflect positively on Independent Bank Corp’s financial performance and strategic initiatives.

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