Independent Bank Corp. Announces 4% Increase in Quarterly Dividend

Rhea-AI Summary

Independent Bank Corp. (INDB) increases dividend by $0.02 per share, reflecting a 4% increase from the prior quarter. The dividend of $0.57 per share will be payable on April 5, 2024, to stockholders of record as of April 1, 2024. The company's strong capital position and long-term value creation drive the dividend increase.

ROCKLAND, Mass.--(BUSINESS WIRE)-- The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.57 per share dividend, representing a $0.02 increase from the prior quarter. The dividend will be payable on April 5, 2024, to stockholders of record as of the close of business on April 1, 2024.

“The 4% increase in our dividend is a reflection of the Company’s strong capital and long term value creation for our shareholders,” stated Jeffrey Tengel, Chief Executive Officer of Independent Bank Corp.

Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. With retail branches in Eastern Massachusetts and Worcester County as well as commercial banking and investment management offices in Massachusetts and Rhode Island, Rockland Trust offers a wide range of banking, investment, and insurance services to individuals, families, and businesses. The Bank also offers a full suite of mobile, online, and telephone banking services. Rockland Trust is an FDIC member and an Equal Housing Lender.

Category: Dividends Releases

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Jeffrey Tengel

President and

Chief Executive Officer

(781) 982-6660

Mark J. Ruggiero

Chief Financial Officer

(781) 982-6281

Source: Independent Bank Corp.

FAQ

What is the dividend increase announced by Independent Bank Corp. (INDB)?

Independent Bank Corp. (INDB) announced a $0.02 increase in dividend per share, representing a 4% increase from the prior quarter.

When will the dividend be payable to stockholders of Independent Bank Corp. (INDB)?

The dividend of $0.57 per share will be payable on April 5, 2024, to stockholders of record as of the close of business on April 1, 2024.

What services does Rockland Trust Company, a subsidiary of Independent Bank Corp. (INDB), offer?

Rockland Trust Company offers a wide range of banking, investment, and insurance services to individuals, families, and businesses. They also provide mobile, online, and telephone banking services.