Independent Bank Corporation (IBCP), the parent entity of Michigan’s Independent Bank, announced on Friday that its Board of Directors has approved a quarterly cash dividend of $0.26 per common stock share. This dividend is set to be distributed on February 14 to all shareholders recorded by February 4.
This newly adjusted dividend rate represents an 8% increase from the quarterly dividends issued throughout 2024, underscoring the company's dedication to adding value for its investors.
As of the latest market data, IBCP shares are trading at $32.70, marking a decline of 2.85%, or $0.96, on the Nasdaq.
