Independent Bank Corporation
IBCPFinancial Services · Stock · quarterly payer
$34.20
Add to PortfolioForward Yield
3.27%
Annual Dividend
$1.12
Payout Ratio
32%
5-Yr Growth
5.4%
Ex-Date
May 4, 2026
Frequency
Quarterly
IBCP Dividend Safety Score
83/ 100
Grade A
Very Safe
Dividend-growth streak11 consecutive years of growth
Cut historyCut its dividend in 2014
Earnings payout coverage32% of earnings paid out
Yield vs its historyYield in line with its history
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Is IBCP a good dividend stock?
YesIndependent Bank Corporation (IBCP) pays a quarterly dividend yielding 3.27% ($1.12/yr), with 11 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 11 consecutive years of dividend growth
- Comfortable payout ratio (32%)
- Strong 5.4% 5-yr dividend growth
- 59% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2014
Key Data
- Dividend Yield
- 3.27%
- Payout Ratio
- 32%
- Annual Dividend
- $1.12
- 5-Yr Avg Growth
- 5.4%
- Ex-Dividend Date
- May 4, 2026
- Years of Growth
- 11
- Frequency
- quarterly
- Beta
- 0.71
- Market Cap
- $704.7M
- P/E Ratio
- 10.2
- 5-Yr Total Return
- 59%
- 52-Week Range
- $29.63 – $39.17
- Dividend Safety
- A · 83/100
- Ever Cut?
- Yes (2014)
Frequently Asked Questions
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 4, 2026 | — | $0.2800 | regular |
| Feb 3, 2026 | — | $0.2800 | regular |
| Nov 4, 2025 | — | $0.2600 | regular |
| Aug 5, 2025 | — | $0.2600 | regular |
| May 5, 2025 | — | $0.2600 | regular |
| Feb 4, 2025 | — | $0.2600 | regular |
| Nov 5, 2024 | — | $0.2400 | regular |
| Aug 5, 2024 | — | $0.2400 | regular |
| May 2, 2024 | — | $0.2400 | regular |
| Feb 2, 2024 | — | $0.2400 | regular |
| Nov 2, 2023 | — | $0.2300 | regular |
| Aug 3, 2023 | — | $0.2300 | regular |
| May 4, 2023 | — | $0.2300 | regular |
| Feb 15, 2023 | — | $0.2300 | regular |
Income Calculator
At $1.12 / yr per share
Per payment (quarterly)$28.00
Annual$112.00
Monthly avg$9.33
