Independent Bank Corp Raises Quarterly Dividend 8.5% to $0.64
Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, declared a quarterly cash dividend of $0.64 per share, up from $0.59 in the prior quarter. The dividend is payable April 9 to shareholders of record March 30.
Independent Bank Corp. (NASDAQ: INDB), parent of Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts, declared a quarterly cash dividend of $0.64 per share, marking an 8.5% increase from the previous quarter's $0.59. Read more dividend announcements.
The dividend will be paid on April 9, 2026, to shareholders of record as of the close of business on March 30, 2026.
Jeffrey Tengel, Chief Executive Officer of Independent Bank Corp., attributed the increase to improved profitability and the company's commitment to sustainable capital returns. "We are pleased to announce an 8.5% increase in our annual dividend, reflecting improvement in the Company's profitability and its commitment to providing sustainable levels of return on capital to our shareholders," Tengel stated.
The bank operates retail branches across Eastern Massachusetts, Worcester County, and Southern New Hampshire, with commercial banking and investment management offices in Massachusetts, New Hampshire, and Rhode Island.
Dividend Details
| Detail | Information |
|---|---|
| Dividend Amount | $0.64 per share |
| Previous Amount | $0.59 per share |
| Increase | 8.5% |
| Record Date | March 30, 2026 |
| Payment Date | April 9, 2026 |