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 22 cents per share, payable on August 16, 2022, to shareholders of record as of August 5, 2022. The corporation operates one state-chartered bank with total assets nearing $4.8 billion, providing a comprehensive range of financial services across Michigan's Lower Peninsula. This dividend announcement reflects the company's ongoing commitment to delivering value to its shareholders.

Positive

• Quarterly dividend of 22 cents per share demonstrates commitment to shareholder returns.
• Total assets of approximately $4.8 billion indicate strong financial stability.

Negative

• None.

GRAND RAPIDS, Mich., July 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 August 16, 2022 to shareholders of record on August 5, 2022.

About Independent Bank Corporation

Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $4.8 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 (IBCP)?

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

When will the dividend be paid to shareholders of Independent Bank Corporation (IBCP)?

The dividend will be payable on August 16, 2022.

What is the record date for the dividend payment for IBCP shareholders?

The record date for the dividend payment is August 5, 2022.

How does Independent Bank Corporation (IBCP) perform financially?

Independent Bank Corporation has total assets of approximately $4.8 billion, indicating robust financial health.