Independent Bank Corp. Announces a 4% Increase in the Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Independent Bank Corp. (NASDAQ: INDB) has declared a dividend of $0.48 per share, payable on April 9, 2021, to stockholders of record as of March 29, 2021. CEO Christopher Oddleifson expressed confidence in the company’s strategy, highlighting its strong fundamentals and financial stability as reasons for the dividend increase. Rockland Trust, the bank subsidiary, has been recognized as one of the top banks in Massachusetts, reflecting its deep community commitment and solid operational performance.

Positive

• Dividend increase to $0.48 per share demonstrates financial confidence.
• Strong fundamentals and financial stability support the dividend payout.
• Recognized as the #1 Bank in Massachusetts by Forbes 2020.

Negative

• None.

The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.48 per share dividend. The dividend will be payable on April 9, 2021, to stockholders of record as of the close of business on March 29, 2021.

“We entered 2021 with solid momentum and continue to have high confidence in our strategy,” stated Christopher Oddleifson, Chief Executive Officer of Independent Bank Corp. “We are pleased that our strong fundamentals and continued financial stability enable us to increase our dividend.”

Independent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. Rockland Trust was named to The Boston Globe’s “Top Places to Work” 2020 list, an honor earned for the 12^th consecutive year. In addition to this recognition, Rockland Trust was ranked the #1 Bank in Massachusetts, according to Forbes 2020 World’s Best Banks list. Rockland Trust is deeply committed to the communities it serves as reflected in the overall “Outstanding” rating received in its most recent Community Reinvestment Act performance evaluation. Rockland Trust offers a wide range of banking, investment, and insurance services. The Bank serves businesses and individuals through approximately 100 retail branches, commercial and residential lending centers, and investment management offices in eastern Massachusetts, including Greater Boston, the South Shore, Cape Cod and Islands, as well as in Worcester County and Rhode Island. Rockland Trust also offers a full suite of mobile, online, and telephone banking services. Rockland Trust is an FDIC member and an Equal Housing Lender. To find out why Rockland Trust is the bank “Where Each Relationship Matters®,” please visit RocklandTrust.com.

Category: Dividends Releases

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FAQ

What is the dividend amount declared by Independent Bank Corp. (INDB)?

Independent Bank Corp. has declared a dividend of $0.48 per share.

When will the dividend for INDB be paid?

The dividend will be paid on April 9, 2021.

What is the record date for the INDB dividend?

The record date for the INDB dividend is March 29, 2021.

How does the dividend increase reflect on Independent Bank Corp.'s performance?

The dividend increase indicates strong fundamentals and financial stability.