Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock
Rhea-AI Summary
Independent Bank Corporation (NASDAQ: IBCP) has declared a quarterly cash dividend of 20 cents per share. This dividend will be paid on November 16, 2020, to shareholders on record by November 5, 2020. The bank, with total assets of approximately $4.0 billion, operates throughout Michigan's Lower Peninsula, providing various financial services. The Board of Directors' decision reflects the company's commitment to delivering value to its shareholders and maintaining its community-oriented banking approach.
Positive
- 20 cents per share dividend declared
- Dividend payment reflects commitment to shareholders
Negative
- None.
News Market Reaction – IBCP
In the trading session that priced this news, IBCP gained 1.14%, reflecting a mild 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., Oct. 20, 2020 (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 20 cents per share. This dividend is payable on November 16, 2020 to shareholders of record on November 5, 2020.
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 |