Independent Bank Corp. Announces Increase In Quarterly Dividend From $0.55 To $0.57 Per Share
Portfolio Pulse from Benzinga Newsdesk
Independent Bank Corp. (INDB), the parent of Rockland Trust Company, has announced an increase in its quarterly dividend from $0.55 to $0.57 per share, payable on April 5, 2024, to stockholders of record as of April 1, 2024. CEO Jeffrey Tengel highlighted the increase as a reflection of the company's strong capital and commitment to long-term value creation for shareholders.
March 21, 2024 | 8:25 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Independent Bank Corp. has increased its quarterly dividend to $0.57 per share, indicating strong capital and a focus on shareholder value.
Dividend increases are generally viewed positively by the market as they signal a company's financial health and confidence in its future earnings. INDB's announcement of a dividend increase, coupled with the CEO's statement on strong capital and long-term value creation, is likely to be seen as a positive indicator by investors, potentially leading to a short-term uptick in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100