Comprehensive Insights on Independent Bank: Key Dividend News and Developments Leading up to the Ex-Dividend Date on Jun 30, 2025

Independent Bank (INDB) recently declared a cash dividend of $0.590 per share, with an ex-dividend date set for Jun 30, 2025. This announcement was made on Jun 18, 2025, and the dividend payment is scheduled for Jul 7, 2025. Comparing the most recent dividend to the average of the last 10 dividends, which stands at $0.218, the current dividend is notably higher. The previous dividend issued by Independent Bank was also $0.590, distributed on Apr 7, 2025, and categorized as a cash dividend as well.

Over the past week, Independent Bank Corporation has been in the spotlight with several significant developments. Recently, the bank announced the date for its second quarter 2025 earnings release, which has drawn attention to its financial performance. Analysts have noted a consensus recommendation of "Buy" for Independent Bank Corp. (NASDAQ:INDB) from various brokerages, reflecting confidence in the company's future prospects. This comes on the heels of a better-than-expected revenue report for Q1 CY2025, where sales increased by 6.5% year-on-year to $178 million, underscoring the bank's robust financial health.

Furthermore, there has been notable insider activity, with Independent Bank director Beia purchasing $55,813 in company shares. Following this transaction, Beia's direct ownership has risen to 40,001 shares, which includes 60 shares acquired through a dividend reinvestment program. This insider buying activity is often seen as a positive signal, indicating the director's confidence in the company's future growth and stability.

In conclusion, Independent Bank's recent dividend announcement and insider activity highlight the company's strong financial footing and positive market sentiment. Investors have until Jun 30, 2025, to purchase shares and be eligible for the upcoming dividend, as any acquisitions made after this ex-dividend date will not qualify for the current payout.