Independent Bank Corporation Announces Quarterly Cash Dividend of 24 Cents per Share

Independent Bank Corporation, the holding company for Independent Bank, has declared a quarterly cash dividend of 24 cents per share on its common stock. This announcement was made by the Board of Directors on July 23, 2024, highlighting the bank’s commitment to returning value to its shareholders. The dividend will be paid on August 15, 2024, to shareholders who are on record as of August 5, 2024.

Founded in 1864, Independent Bank Corporation has grown to hold total assets of approximately $5.2 billion. The company operates a network of branches across Michigan’s Lower Peninsula through its state-chartered bank subsidiary, Independent Bank. The bank offers a variety of financial services, including commercial banking, mortgage lending, and investment services. The rich history of the bank, along with its strong commitment to customer service, underscores its role in the communities it serves.

The decision to declare a dividend reflects the bank’s overall strong financial health and intention to reward its investors. As its stock continues to be traded on NASDAQ under the ticker IBCP, this announcement has generated a somewhat bullish sentiment among market analysts and investors looking for reliable returns.