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IBCP Projected Dividend Yield

Independent Bank Corporation (Ionia, MI) ( NASDAQ : IBCP )

Independent Bank is a bank holding company. Through its subsidiary, Independent Bank (the bank), Co. transacts business in the single industry of commercial banking. Co. provides banking services to individuals and businesses, including checking and savings accounts, commercial lending, direct and indirect consumer financing, mortgage lending, and safe deposit box services. Co.'s bank does not provide trust services. Co.'s principal markets are the rural and suburban communities across Lower Michigan. Majority of Co.'s bank's branches provide lobby and drive-thru services, as well as automatic teller machines. Co. also provides internet and mobile banking capabilities to its customers.

20 YEAR PERFORMANCE RESULTS
IBCP Dividend History Detail
IBCP Dividend News
IBCP Competitors News
# of Shares: 0 Closing Price: 23.25 Current Market Value: 0.00 Cost Basis: 0.00 Date Acquired:
Dividend Cash Flow
Year Annual Dividend Dividend Growth # of Shares Annual Dividend Income Yield On Cost %
2014 0.18 0% 0 $ 0.00 0.00%
2015 0.26 44% 0 $ 0.00 0.00%
2016 0.34 31% 0 $ 0.00 0.00%
2017 0.42 24% 0 $ 0.00 0.00%
2018 0.60 43% 0 $ 0.00 0.00%
2019 0.72 20% 0 $ 0.00 0.00%
2020 0.80 11% 0 $ 0.00 0.00%
2021 0.84 5% 0 $ 0.00 0.00%
2022 0.88 5% 0 $ 0.00 0.00%
2023 0.92 5% 0 $ 0.00 0.00%
2024 0.96 4% 0 $ 0.00 4.13%
2025 0.97 4% 0 $ 0.00 4.31%
2026 1.02 4% 0 $ 0.00 4.51%
2027 1.06 4% 0 $ 0.00 4.71%
2028 1.11 4% 0 $ 0.00 4.92%
2029 1.16 4% 0 $ 0.00 5.14%
2030 1.21 4% 0 $ 0.00 5.38%
2031 1.27 4% 0 $ 0.00 5.62%
2032 1.32 4% 0 $ 0.00 5.87%
2033 1.38 4% 0 $ 0.00 6.13%
2034 1.44 4% 0 $ 0.00 6.41%
Using the current years Dividend Growth rate of 4% and projecting 4% forward the annual dividend income in 10/yrs would be $ 0.00 with a yield on cost % of 6.41%
Rolling Last 4 qtrs dividends total $ 0.93 and Previous last 4 qtrs dividends total $ 0.89
Dividend 1 Yr Growth = ( 0.93 – 0.89 ) × 100 = 4% (Click the Edit pencil if you want to modify the forward dividend growth rate projection)
0.89
Year
Declaration Date
Ex-Dividend Date
Record Date
Payable Date
Dividend $ Amount
2024
Jan 23, 2024
Feb 02, 2024
Feb 05, 2024
Feb 15, 2024
0.2400
2024 Total:
0.2400
2023
Oct 17, 2023
Nov 02, 2023
Nov 03, 2023
Nov 13, 2023
0.2300
2023
Jul 18, 2023
Aug 03, 2023
Aug 04, 2023
Aug 14, 2023
0.2300
2023
Apr 25, 2023
May 04, 2023
May 05, 2023
May 15, 2023
0.2300
2023
Feb 06, 2023
Feb 15, 2023
Feb 16, 2023
Feb 24, 2023
0.2300
2023 Total:
0.9200
2022
Oct 18, 2022
Nov 03, 2022
Nov 04, 2022
Nov 14, 2022
0.2200
2022
Jul 19, 2022
Aug 04, 2022
Aug 05, 2022
Aug 16, 2022
0.2200
2022
Apr 19, 2022
May 04, 2022
May 05, 2022
May 16, 2022
0.2200
2022
Jan 24, 2022
Feb 03, 2022
Feb 04, 2022
Feb 15, 2022
0.2200
2022 Total:
0.8800
2021
Oct 19, 2021
Nov 04, 2021
Nov 05, 2021
Nov 15, 2021
0.2100
2021
Jul 27, 2021
Aug 05, 2021
Aug 06, 2021
Aug 16, 2021
0.2100
2021
Apr 20, 2021
May 04, 2021
May 05, 2021
May 14, 2021
0.2100
2021
Jan 25, 2021
Feb 04, 2021
Feb 05, 2021
Feb 16, 2021
0.2100
2021 Total:
0.8400
2020
Oct 20, 2020
Nov 04, 2020
Nov 05, 2020
Nov 16, 2020
0.2000
2020
Jul 21, 2020
Aug 03, 2020
Aug 04, 2020
Aug 14, 2020
0.2000
2020
Apr 21, 2020
May 04, 2020
May 05, 2020
May 15, 2020
0.2000
2020
Jan 20, 2020
Feb 04, 2020
Feb 05, 2020
Feb 14, 2020
0.2000
2020 Total:
0.8000
2019
Oct 22, 2019
Nov 05, 2019
Nov 06, 2019
Nov 15, 2019
0.1800
2019
Jul 23, 2019
Aug 05, 2019
Aug 06, 2019
Aug 15, 2019
0.1800
2019
Apr 23, 2019
May 03, 2019
May 06, 2019
May 15, 2019
0.1800
2019
Jan 21, 2019
Feb 04, 2019
Feb 05, 2019
Feb 15, 2019
0.1800
2019 Total:
0.7200
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