Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

Rhea-AI Summary

Independent Bank (NASDAQ: IBCP) declares a quarterly cash dividend of 24 cents per share on its common stock, payable on May 13, 2024, to shareholders of record on May 3, 2024.

GRAND RAPIDS, Mich., April 23, 2024 (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 24 cents per share. This dividend is payable on May 13, 2024 to shareholders of record on May 3, 2024.

About Independent Bank Corporation

Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $5.3 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 dividend did Independent Bank declare on its common stock?

Independent Bank declared a quarterly cash dividend of 24 cents per share.

When will the dividend be payable to shareholders?

The dividend will be payable on May 13, 2024.

When is the record date for shareholders to receive the dividend?

Shareholders of record on May 3, 2024, will receive the dividend.