Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

Rhea-AI Summary

Independent Bank Corporation (NASDAQ: IBCP) declared a quarterly cash dividend of 21 cents per share, payable on August 16, 2021 to shareholders of record as of August 6, 2021. With total assets of approximately $4.5 billion, Independent Bank Corporation operates a network of branches across Michigan, offering a full range of financial services including commercial banking and mortgage lending. The corporation aims to deliver exceptional service and value to customers and shareholders alike.

Positive

• Quarterly cash dividend of 21 cents per share announced.
• Dividend supports income for shareholders.

Negative

• None.

GRAND RAPIDS, Mich., July 27, 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 August 16, 2021 to shareholders of record on August 6, 2021.

About Independent Bank Corporation

Independent Bank Corporation (NASDAQ: IBCP) is a Michigan-based bank holding company with total assets of approximately $4.5 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) in July 2021?

The dividend declared by Independent Bank Corporation (IBCP) is 21 cents per share.

When is the dividend payment date for IBCP?

The dividend payment date for Independent Bank Corporation (IBCP) is August 16, 2021.

Who are the shareholders of record for IBCP's July 2021 dividend?

The shareholders of record for IBCP's July 2021 dividend are those on record as of August 6, 2021.

How often does Independent Bank Corporation (IBCP) pay dividends?

Independent Bank Corporation (IBCP) pays dividends quarterly.