Independent Bank Corp. Announces Quarterly Dividend

Rhea-AI Summary

The Board of Directors of Independent Bank Corp. (Nasdaq: INDB) has declared a dividend of $0.55 per share, set to be paid on April 6, 2023, to shareholders of record by the close of business on March 27, 2023. This ongoing dividend demonstrates the bank's commitment to returning value to its shareholders. Independent Bank Corp., the parent of Rockland Trust Company, has been recognized for exceptional customer satisfaction in retail banking in New England and has received accolades for workplace culture and community commitment, reflecting its strong operational performance.

Positive

• Declared a dividend of $0.55 per share, payable April 6, 2023.
• Recognized for customer satisfaction in retail banking in New England.
• Listed in The Boston Globe's 'Top Places to Work' for 14 consecutive years.
• Achieved 'Outstanding' rating in Community Reinvestment Act performance evaluation.

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 $0.55 per share dividend. The dividend will be payable on April 6, 2023, to stockholders of record as of the close of business on March 27, 2023.

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" 2022 list, an honor earned for the 14th 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, South Shore, North 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/20230316005463/en/

Jeffrey Tengel

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 and payment date for INDB?

The dividend amount for Independent Bank Corp. (INDB) is $0.55 per share, payable on April 6, 2023.

When is the record date for the dividend payment by INDB?

The record date for the dividend payment by Independent Bank Corp. (INDB) is March 27, 2023.

How has Rockland Trust been recognized in customer satisfaction?

Rockland Trust was ranked #1 in Customer Satisfaction with Retail Banking in New England according to J.D. Power's 2022 study.