Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock
Rhea-AI Summary
Independent Bank (NASDAQ: IBCP), the holding company of Independent Bank, has declared a quarterly cash dividend of 24 cents per share on its common stock. The dividend is payable on August 15, 2024 to shareholders of record on August 5, 2024.
Independent Bank , founded in 1864, is a Michigan-based bank holding company with total assets of approximately $5.2 billion. It operates a branch network across Michigan's Lower Peninsula through its subsidiary, Independent Bank, offering a full range of financial services including commercial banking, mortgage lending, investments, and insurance.
Positive
- Declared quarterly cash dividend of 24 cents per share
- Total assets of approximately $5.2 billion
- Offers a full range of financial services
Negative
- None.
News Market Reaction – IBCP
In the trading session that priced this news, IBCP gained 3.10%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
GRAND RAPIDS, Mich., July 23, 2024 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of 24 cents per share. This dividend is payable on August 15, 2024 to shareholders of record on August 5, 2024.
About Independent Bank Corporation
Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately
For more information, please visit our Web site at: IndependentBank.com.
| Contact: | William B. Kessel, President and CEO, 616.447.3933 Gavin A. Mohr, Chief Financial Officer, 616.447.3929 | |
