Independent Bank Corporation's Board of Directors declared a quarterly cash dividend of 26 cents per share on its common stock. This dividend is payable on February 14, 2025, to shareholders of record on February 4, 2025.
This new dividend rate represents an 8% increase over the quarterly dividend rate paid for each quarter in 2024. This marks the twelfth consecutive annual increase in the company's dividend payment.
William B. Kessel, President and CEO, highlighted that the Board's decision reflects the company's consistent long-term performance, robust capital position, and optimistic outlook for the future. This increase demonstrates a continued commitment to returning value to shareholders.
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