Independent Bank Corp. · INDB · NASDAQ
Dividend report · updated Nov 12, 2026
$84.37 -0.30% on the day, -$0.25
INDB stock page: price, charts & signals →
UnlockDividend Safety Rating: paid plans onlyDividend Safety Rating: paid plans only Is INDB’s dividend Very Safe or High Risk? 7 checks scored. Payout ratio, raise streak, recession record and 4 more. Show the rating
Yearly payout / yield
$2.56·3.03%
$0.64 quarterly x 4 ⓘ
Next payment
~$0.64/qtr
pays ~Dec 30 (est.) ⓘ
Next ex-date
Dec 28est.
own by Dec 25 ⓘ
Years without a cut
30+ yrs
15 yrs of raises ⓘ
Paying since
1986
145 payments on file
Yield vs history ⓘ
52
Near its usual yield
INDB share price & total return
Daily closing price, adjusted for stock splits.
INDB stock page »All dividend lists »Build a portfolio around INDB »
DSRSimilar stocksHistoryPayoutsFAQ
Last 20 payments
INDB Dividend Growth (CAGR)
1Y +8.5%3Y +5.2%5Y +5.9%10Y +8.2%
Per-share amount, by the date it paid (~ = about, from its usual pay gap). The enlarge button shows all 145 payments since 1986.
Annual dividends and growth
Total paid per share in each calendar year. 2026: the solid bar is paid so far; the dashed box on top is expected (1 estimated from the current $0.64 rate), not a promise. Years with an extra or a missing payment (dates sliding across New Year) are compared per payment.
Next 5 years if the pace holds
If the recent pace holds — one-off jumps left out. Not a forecast. Pace: +6.25% a year, its typical raise over the last 5 years. From 2029 it slows by a quarter each year, to no less than 5%. Today's $2.56 a year would be $3.35 by 2031 - 3.97% on today's $84.37 price.

How Many INDB Shares for $500 or $1,000 a Month?

At $2.56 a share a year, $500 a month takes about 2,344 INDB shares, about $197,763 at the Nov 12, 2026 close of $84.37. $1,000 a month takes about 4,688 shares, about $395,527. Before taxes, and only while the rate holds.

Independent Bank (INDB) pays $0.64 a share quarterly, $2.56 a year, a 3.03% run-rate yield at the Nov 12, 2026 close of $84.37. It has paid since 1986 and raised its annual dividend 15 years in a row.

At today’s rate of $0.64 quarterly and the last close of $84.37, this is what INDB pays before taxes, if the rate stays where it is:

You holdEach paymentPer month (avg)Per year
1 share$0.64$0.21$2.56
100 shares$64.00$21.33$256.00
$10,000 invested (118.5 shares)$75.86$25.29$303.43
2,344 shares ($500/mo)$1,500.16$500.05$6,000.64
4,688 shares ($1,000/mo)$3,000.32$1,000.11$12,001.28

With DRIP on, every payment buys more shares instead of landing as cash. 100 INDB shares reinvest into 0.76 new shares each payment, about 3.1 new shares a year at today’s price and rate, and each new share collects the next payment too. To DRIP one whole new share every payment you need about 132 shares. Raises speed that up; a falling share price buys more shares per payment, but each is worth less. See the snowball over 10 to 30 years with INDB’s own history in the INDB DRIP calculator.

UnlockDividend Safety Rating: paid plans only
Dividend Safety Rating Not financial advice
See INDB’s rating and its 7 factors.
See the rating & factors »
An algorithmic rating built from reported data, not a recommendation.
  • Coverage (EPS): are profits enough to pay the dividend rating
  • Coverage (FCF): is spare cash enough to pay the dividend rating
  • Dividend vs cash flow + debt: is the dividend paid with borrowed money report
  • Debt load: how much the balance sheet leans on borrowing rating
  • Debt interest coverage: can profits easily pay the interest bill rating
  • Liquidity: is there cash for debts due this year rating
  • Earnings direction: are sales and profits growing or shrinking report
  • Raise streak: how many years in a row it raised see details
  • Years without a cut: how long since the last dividend cut see details
  • Raise vs trend: are recent raises keeping their usual pace history
  • Yield vs history: is today’s yield high or low versus its past rating
  • Recession record: what the dividend did in past crashes history

INDB Dividend Yield Today vs Its 5-Year Range

52/100Near its usual yieldvs its 7-yr history
  • INDB yields 3.03% today, at the Nov 12, 2026 close of $84.37.
  • Its own 7-year median is 2.89%, so today’s yield is near its usual level.
Last 5 years: lowest to highest month-end yield
2.23% low4.98% high
Blue mark = today, grey = its 7-year median. A higher yield than usual means a lower price against the payout.

Where today ranks in its own history is in the paid report

How it works. Each month-end over the last 7 years gives one yield: the regular payment then, times payments a year, over that day’s close. Specials are left out. 50 means today’s yield sits right at its usual level. A lower score means the yield is below its usual level, so the price is high against the payout. A higher score means the yield is above its usual level. On price alone a payer stays between 15 and 85. Steady raisers get a few points back. It reads the past, not the future.

When Is INDB’s Next Dividend? Ex-Date and Pay Date After September 2026

INDB has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Dec 28, 2026, with the cash around Dec 30, 2026. An estimate, not a promise: only the declaration makes it final. The latest one, $0.64 a share, went ex on Sep 28, 2026 and paid Sep 30, 2026.

  • Ex-dates: about every 91 days (quarterly)
  • Payment: usually about 2 days after the ex-date
  • Next earnings report: Jan 21, 2027

Every payer going ex-dividend this week is on the dividend calendar.

How Often Does INDB Pay?

INDB pays quarterly, 4 times a year. Recent payments arrived in Apr, Jul, Sep and Dec, with ex-dates in Mar, Jun, Sep and Dec. The ex-date comes about every 91 days, and the cash usually lands about 2 days later.

Paid in the last 12 months
$2.51 a share, in 4 payments.
+7.3% against the 12 months before ($2.34 in 4 payments).
Cash that landed, by pay date. The yield up top uses today’s rate instead, so a raise or a cut shows there first.
Payout months
JanFebMarAprMayJunJulAugSepOctNovDec
Pays in Apr, Jul, Sep and Dec. Ex-dates fall in Mar, Jun, Sep and Dec (latest 4 payments).
Raise history
  • Streak: 15 years of higher annual totals (through 2025)
  • Last raise: Mar 30, 2026 - $0.59 to $0.64 (+$0.05, +8.47%)
  • Usual $ step: $0.02 (median of the raises before it)
Coverage
  • EPS payout: 37.9% - $2.56 paid / $6.75 EPS (4 quarters to Sep 30, 2026); own 4-yr norm 43.4% (median of 12 earlier trailing years)
Deposits, loans and policy float run through operating cash flow here, so it does not measure dividend coverage.

INDB vs Similar Dividend Stocks (STEP, HLNE...)

Against the 10 dividend-paying Financial Services companies closest to INDB in market value, INDB’s 3.03% run-rate yield is above the group’s middle yield of 2.60%, and its raise streak of 15 years is the 3rd longest. A higher yield than the group is not a bonus by itself: it is often the market pricing in a cut, so read it next to the rating and the coverage behind it.

Ticker Dividend ⓘ Yield Safety Rating Recessions ⓘ No cut ⓘ
INDB $84.37Independent Bank $0.64/qtr$2.56/yr fwd 3.03% Dividend Safety Rating: paid plans only — 30+ yrsraised 15 yrs in a row
STEP $48.46StepStone Group $0.33/qtr$1.32/yr fwd 2.72% Dividend Safety Rating: paid plans only — 4+ yrsraised 1 yr in a row
HLNE $96.78Hamilton Lane $0.60/qtr$2.40/yr fwd 2.48% Dividend Safety Rating: paid plans only — 8+ yrsraised 8+ yrs in a row
FBP $26.21First BanCorp. $0.20/qtr$0.80/yr fwd 3.05% Dividend Safety Rating: paid plans only — 6+ yrsraised 6 yrs in a row
CVBF $22.66CVB Financial $0.20/qtr$0.80/yr fwd 3.53% Dividend Safety Rating: paid plans only No cut in all 42000 raised2008 held2020 held2022 raised 33+ yrsno raise streak
BANF $118.17BancFirst $0.52/qtr$2.08/yr fwd 1.76% Dividend Safety Rating: paid plans only — 32 yrsraised 29 yrs in a row
HG $38.53Hamilton Insurance Group $2.00/qtr$8.00/yr fwd 20.76% Dividend Safety Rating: paid plans only — —no raise streak
WSFS $80.08WSFS Financial $0.20/qtr$0.80/yr fwd 1.00% Dividend Safety Rating: paid plans only — 27 yrsraised 1 yr in a row
PJT $152.94PJT Partners $0.25/qtr$1.00/yr fwd 0.65% Dividend Safety Rating: paid plans only — 9+ yrsno raise streak
PLMR $159.16Palomar Holdings $0.45/qtr$1.80/yr fwd 1.13% Dividend Safety Rating: paid plans only — —no raise streak
CNS $72.66Cohen & Steers $0.67/qtr$2.68/yr fwd 3.69% Dividend Safety Rating: paid plans only Cut in 20082008 cut2020 raised2022 raisedno 2000 record 12 yrsraised 16 yrs in a row

Yield and the safety rating are only half of it. See total returns with dividends reinvested, side by side: INDB vs STEP, INDB vs HLNE, INDB vs FBP.

INDB Dividend History: Every Payment Since 1986

Ex-datePay dateAmountFrequencyType
Sep 28, 2026Sep 30, 2026$0.64QuarterlyRegular
Jun 29, 2026Jul 1, 2026$0.64QuarterlyRegular
Mar 30, 2026Apr 1, 2026$0.64QuarterlyRegular
Dec 29, 2025Dec 31, 2025$0.59QuarterlyRegular
Sep 29, 2025Oct 1, 2025$0.59QuarterlyRegular
Jun 30, 2025Jul 2, 2025$0.59QuarterlyRegular
Mar 31, 2025Apr 2, 2025$0.59QuarterlyRegular
Dec 30, 2024Jan 1, 2025$0.57QuarterlyRegular
Sep 30, 2024Oct 2, 2024$0.57QuarterlyRegular
Jul 1, 2024Jul 3, 2024$0.57QuarterlyRegular
The other 135 INDB payments come with a paid plan.
Show all 145 payments »
Newest first. Amounts are per share as paid, restated for splits; frequency is the schedule on file for that payment; a payment over 2.5x its neighbours is marked special.
From reported payments, prices and filings — data, not investment advice.

What the Dividend Safety Rating Means for INDB

UnlockDividend Safety Rating: paid plans only
See where INDB lands, and why.
See the rating & factors »
Own INDB? Your payouts fill in by themselves Add INDB once, with your buy date and share count. Every dividend since fills in, dated and in dollars, and with DRIP on each new share is counted for you.
Track INDB →

INDB Dividend Questions

How often does INDB pay dividends?

INDB pays quarterly, 4 times a year. Recent payments arrived in Apr, Jul, Sep and Dec, with ex-dates in Mar, Jun, Sep and Dec. The ex-date comes about every 91 days, and the cash usually lands about 2 days later.

Does INDB pay dividends monthly?

No. INDB pays quarterly, 4 times a year. For payers that pay every month, see the monthly dividend stocks.

When is the next INDB dividend?

INDB has not declared its next dividend yet. By its usual rhythm of about 91 days between ex-dates, the next ex-date falls around Dec 28, 2026, with the cash around Dec 30, 2026. An estimate, not a promise: only the declaration makes it final. The latest one, $0.64 a share, went ex on Sep 28, 2026 and paid Sep 30, 2026. The current rate is $0.64 per share, $2.56 a year.

Does INDB pay a dividend in December 2026?

Not declared yet. By its usual rhythm the next ex-date falls around Dec 28, 2026, with the cash around Dec 30, 2026, so a payment in December 2026 is likely. Only the company’s declaration makes it final.

How much does INDB pay per share?

INDB pays $0.64 a share quarterly, $2.56 a year. At the Nov 12, 2026 close of $84.37 that is a 3.03% run-rate yield, near its usual level: its own 7-year median is 2.89%.

Has INDB raised its dividend?

Yes. INDB has raised its annual dividend 15 years in a row, through 2025. The latest raise, on Mar 30, 2026, took the rate from $0.59 to $0.64 (+8.47%). Over five years the dividend grew 5.9% a year.

Is INDB’s dividend safe?

No rating can promise a future payment, but the record on file says a lot. INDB paid out 38% of its earnings as dividends over the 4 quarters to Sep 30, 2026. It has raised its dividend 15 years in a row and gone 30+ years without a cut. This is data, not investment advice. The full 7-check rating comes with a plan.

How do I track my INDB dividends?

Add INDB to a free DRIPCalc portfolio once, with your buy date and share count. Every payout since fills in, dated and in dollars; with DRIP on, the new shares each payment buys are counted for you, so there is no spreadsheet to update and no broker login. To project the snowball, run INDB in the DRIP calculator.

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How this page is built: the rate is the latest regular dividend per share; run-rate yield = rate × payments per year ÷ last close (Nov 12, 2026), never a trailing 12-month total, which lags after a raise and hides a cut. Specials and one-off payments never count in the rate; a payer whose regular payments differ in size is annualized over its last full cycle of regular payments. Raise streak = consecutive calendar years with a higher amount per payment than the year before; years without a cut = years in which the amount per payment held within 1%. The Dividend Safety Rating reads 7 visible lines: coverage, streak, raise pace and yield range for dividend stocks; NAV trend, NAV funding and payout stability for income funds. Similar payers = the same sector or fund group, nearest in market value or fund size. Payments, prices and filings come from DRIPCALC’s price and dividend database. History is not a forecast. This is data, not investment advice.