Independent Bank Corporation Announces Quarterly Cash Dividend on Common Stock

Rhea-AI Summary

On October 18, 2022, Independent Bank Corporation (NASDAQ: IBCP) declared a quarterly cash dividend of 22 cents per share, payable on November 14, 2022 to shareholders of record as of November 4, 2022. With total assets of approximately $4.8 billion, Independent Bank Corporation continues to provide a full range of financial services across Michigan's Lower Peninsula. This dividend reflects the company’s commitment to delivering value to its shareholders and enhancing shareholder income.

Positive

• Declared a quarterly cash dividend of 22 cents per share.
• Dividend payment reinforces company commitment to shareholder returns.
• Total assets amounting to approximately $4.8 billion indicate financial stability.

Negative

• None.

GRAND RAPIDS, Mich., Oct. 18, 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 November 14, 2022 to shareholders of record on November 4, 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 for IBCP announced on October 18, 2022?

The dividend amount declared by Independent Bank Corporation (IBCP) is 22 cents per share.

When is the IBCP dividend payment date?

The dividend payment date for IBCP is November 14, 2022.

Who are the shareholders of record for the IBCP dividend?

The shareholders of record for the IBCP dividend are those on record as of November 4, 2022.