Independent Bank Corp hikes dividend by 3.5%

Independent Bank Corp (INDB) hikes dividend by 3.5% to 59 cents quarterly per share in 2025. This marks 15 consecutive years of increases.

The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.59 per share dividend, representing a $0.02 increase from the prior quarter. The dividend will be payable on April 7, 2025, to stockholders of record as of the close of business on March 31, 2025.

“We are pleased to announce a 4% increase in our annual dividend, reaffirming our commitment to generating long term, sustainable levels of return on capital to our shareholders,” stated Jeffrey Tengel, Chief Executive Officer of Independent Bank Corp.

Independent Bank Corp. is a bank holding company. INDB is the sole stockholder of Rockland Trust Company, a community-oriented commercial bank. The Company's community banking business provides a range of banking services, including lending activities, acceptance of demand, savings, and time deposits, and investment management.