Independent Bank Corporation Announces Quarterly Cash Dividend On Common Stock

Rhea-AI Summary

Independent Bank Corporation (NASDAQ: IBCP) declared a quarterly cash dividend of 22 cents per share, payable on May 16, 2022, to shareholders of record by May 5, 2022. This decision reflects the company’s ongoing commitment to returning value to its shareholders. The bank, with total assets of approximately $4.7 billion, continues to provide a comprehensive range of financial services throughout Michigan's Lower Peninsula.

Positive

• Declared a quarterly cash dividend of 22 cents per share.
• Demonstrates commitment to returning value to shareholders.
• Total assets of approximately $4.7 billion indicate financial stability.

Negative

• None.

GRAND RAPIDS, Mich., April 19, 2022 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of 22 cents per share. This dividend is payable on May 16, 2022 to shareholders of record on May 5, 2022.

About Independent Bank Corporation

Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $4.7 billion. Founded as First National Bank of Ionia in 1864, Independent Bank Corporation operates a branch network across Michigan's Lower Peninsula through one state-chartered bank subsidiary. This subsidiary (Independent Bank) provides a full range of financial services, including commercial banking, mortgage lending, investments and insurance services. Independent Bank Corporation is committed to providing exceptional personal service and value to its customers, stockholders and the communities it serves.

For more information, please visit our Web site at: IndependentBank.com.

Contact:	William B. Kessel, President and CEO, 616.447.3933
	Gavin A. Mohr, Chief Financial Officer, 616.447.3929

FAQ

What is the dividend amount declared by Independent Bank Corporation?

Independent Bank Corporation declared a quarterly cash dividend of 22 cents per share.

When is the dividend payable?

The dividend is payable on May 16, 2022.

What is the record date for the dividend?

The record date for the dividend is May 5, 2022.

How does Independent Bank Corporation's dividend reflect its financial health?

The dividend declaration indicates the company's commitment to returning value to shareholders and suggests financial stability.