Independent Bank Corp. Announces Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Independent Bank Corp. announced a $0.51 per share dividend, payable on July 8, 2022, to shareholders of record as of June 27, 2022. This dividend reflects the company's ongoing commitment to providing value to its investors. Independent Bank Corp. operates Rockland Trust Company, recognized for 13 consecutive years on The Boston Globe's "Top Places to Work" list and ranked #1 in Customer Satisfaction with Retail Banking in New England. The bank maintains a strong presence with over 120 branches in eastern Massachusetts and Rhode Island.

Positive

• Dividend of $0.51 per share enhances shareholder value.
• Recognized for employee satisfaction and outstanding customer service.
• Strong community involvement reflected in 'Outstanding' CRA rating.

Negative

• None.

ROCKLAND, Mass.--(BUSINESS WIRE)-- The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.51 per share dividend. The dividend will be payable on July 8, 2022, to stockholders of record as of the close of business on June 27, 2022.

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" 2021 list, an honor earned for the 13th consecutive year. *In 2022, Rockland Trust was ranked #1 in Customer Satisfaction with Retail Banking in New England. Rockland Trust has a longstanding commitment to equity and inclusion. This commitment is underscored by initiatives such as Diversity and Inclusion leadership training, a colleague Allyship mentoring program, and numerous Employee Resource Groups focused on providing colleague support and education, reinforcing a culture of mutual respect and advancing professional development, and Rockland Trust's sponsorship of diverse community organizations through charitable giving and employee-based volunteerism. In addition, Rockland Trust is deeply committed to the communities it serves, as reflected in the overall "Outstanding" rating 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 over 120 retail branches, commercial and residential lending centers, and investment management offices in eastern Massachusetts, including Greater Boston, the South Shore, Cape Cod and Islands, 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.

*Rockland Trust received the highest score in a tie in the New England Region of the J.D. Power 2022 U.S. Retail Banking Satisfaction Study of customers’ satisfaction with their primary bank. Visit jdpower.com/awards for more details.

Category: Dividends Releases

View source version on businesswire.com: https://www.businesswire.com/news/home/20220616005648/en/

Chris Oddleifson

President and

Chief Executive Officer

(781) 982-6660

Mark J. Ruggiero

Chief Financial Officer

(781) 982-6281

Source: Independent Bank Corp.

FAQ

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

The dividend amount is $0.51 per share.

When is the dividend for Independent Bank Corp. (INDB) payable?

The dividend will be payable on July 8, 2022.

What is the record date for the dividend of Independent Bank Corp. (INDB)?

The record date for the dividend is June 27, 2022.

How has Independent Bank Corp. (INDB) been recognized in terms of customer satisfaction?

Independent Bank Corp.'s Rockland Trust was ranked #1 in Customer Satisfaction with Retail Banking in New England.