Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

Rhea-AI Summary

Independent Bank Corporation (NASDAQ: IBCP) has declared a quarterly cash dividend of 21 cents per share, payable on February 16, 2021 to shareholders of record on February 5, 2021. This dividend reflects the bank's commitment to providing value to its shareholders. With total assets of approximately $4.2 billion, Independent Bank operates across Michigan's Lower Peninsula and offers a range of financial services, ensuring exceptional service to customers and communities.

Positive

• Quarterly cash dividend of 21 cents per share enhances shareholder value.
• Total assets of approximately $4.2 billion indicate strong financial position.

Negative

• None.

GRAND RAPIDS, Mich., Jan. 25, 2021 (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 21 cents per share. This dividend is payable on February 16, 2021 to shareholders of record on February 5, 2021.

About Independent Bank Corporation

Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $4.2 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 IBCP in January 2021?

Independent Bank Corporation declared a quarterly cash dividend of 21 cents per share.

When is the dividend payable for IBCP shareholders?

The dividend is payable on February 16, 2021.

Who are the shareholders of record for the IBCP dividend?

Shareholders of record are those who owned shares as of February 5, 2021.

How does IBCP's dividend impact shareholders?

The dividend payment provides income to shareholders and reflects the bank's financial health.

What are IBCP's total assets as of January 2021?

Independent Bank Corporation has total assets of approximately $4.2 billion.