Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock
Rhea-AI Summary
Independent Bank (NASDAQ: IBCP), the holding company of Independent Bank, has announced a quarterly cash dividend of 24 cents per share on its common stock. The dividend is payable on November 15, 2024 to shareholders of record on November 5, 2024.
Independent Bank , founded in 1864 as First National Bank of Ionia, is a Michigan-based bank holding company with total assets of approximately $5.3 billion. The company operates a branch network across Michigan's Lower Peninsula through its state-chartered bank subsidiary, Independent Bank. It provides a full range of financial services, including commercial banking, mortgage lending, investments, and insurance services.
Positive
- Declared quarterly cash dividend of 24 cents per share
- Total assets of approximately $5.3 billion
- Operates branch network across Michigan's Lower Peninsula
- Provides full range of financial services
Negative
- None.
News Market Reaction – IBCP
In the trading session that priced this news, IBCP gained 1.51%, 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. 22, 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 November 15, 2024 to shareholders of record on November 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 |
