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

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• None.

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 $4.0 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan's Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments and insurance services. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves.

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

FAQ

What is the dividend amount for IBCP?

The declared dividend amount for IBCP is 20 cents per share.

When is the IBCP dividend payable?

The IBCP dividend is payable on November 16, 2020.

What is the record date for the IBCP dividend?

The record date for the IBCP dividend is November 5, 2020.