Independent Bank Corp. Announces Quarterly Dividend

Rhea-AI Summary

Independent Bank Corp. (NASDAQ: INDB) has declared a $0.51 per share dividend, set to be paid on October 7, 2022. The record date for shareholders is September 26, 2022. This dividend reflects the company's ongoing commitment to returning value to its shareholders. Additionally, Rockland Trust, a subsidiary of Independent Bank Corp., received top rankings in customer satisfaction and was recognized as one of The Boston Globe's 'Top Places to Work' for 13 consecutive years.

Positive

• Dividend of $0.51 per share reflects strong financial health.
• Rockland Trust ranked #1 in Customer Satisfaction with Retail Banking in New England.
• Recognized as one of The Boston Globe's 'Top Places to Work' for 13 years.

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 October 7, 2022, to stockholders of record as of the close of business on September 26, 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, 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/20220915005743/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 Independent Bank Corp. (INDB)?

Independent Bank Corp. has declared a dividend of $0.51 per share.

When is the dividend payment date for INDB?

The dividend will be payable on October 7, 2022.

What is the record date for the INDB dividend?

The record date for the dividend is September 26, 2022.

How has Rockland Trust performed in customer satisfaction?

Rockland Trust was ranked #1 in Customer Satisfaction with Retail Banking in New England.