Independent Bank Corp. Announces Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Independent Bank Corp. (NASDAQ: INDB) announced a dividend of $0.48 per share, payable on October 8, 2021, to stockholders of record as of September 27, 2021. Rockland Trust, a subsidiary of Independent Bank Corp., continues to be recognized, ranking as the #1 bank in Massachusetts by Forbes for two consecutive years and listed in The Boston Globe's "Top Places to Work" for the twelfth year in a row. The bank emphasizes community engagement and diversity initiatives.

Positive

• Dividend of $0.48 per share reflects confidence in financial stability.
• Rockland Trust ranked #1 bank in Massachusetts by Forbes.
• Recognition by The Boston Globe for workplace excellence.

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 $0.48 per share dividend. The dividend will be payable on October 8, 2021, to stockholders of record as of the close of business on September 27, 2021.

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 12th consecutive year. In 2021, Rockland Trust was ranked the #1 Bank in Massachusetts according to Forbes World's Best Banks list for the second year in a row. 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 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, 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

View source version on businesswire.com: https://www.businesswire.com/news/home/20210916005851/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 for INDB?

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

When will the INDB dividend be paid?

The dividend will be payable on October 8, 2021.

What date is the record for the INDB dividend?

The record date for the dividend is September 27, 2021.

What recognition has Rockland Trust received recently?

Rockland Trust was ranked the #1 bank in Massachusetts by Forbes and named to The Boston Globe's 'Top Places to Work' list.