Independent Bank Corp. Declares Quarterly Dividend
Ticker: INDB · Form: 8-K · Filed: Mar 21, 2024 · CIK: 776901
Sentiment: neutral
Topics: dividend, return-of-capital
Related Tickers: IBNK
TL;DR
IBNK is paying out $0.17/share dividend on April 19th. Record date April 5th.
AI Summary
Independent Bank Corp. announced on March 21, 2024, its intention to pay a quarterly common stock dividend of $0.17 per share. This dividend is payable on April 19, 2024, to shareholders of record as of April 5, 2024.
Why It Matters
This announcement provides clarity on the company's capital return policy to shareholders, indicating continued profitability and confidence in future performance.
Risk Assessment
Risk Level: low — The filing is a routine dividend announcement, which typically carries low risk.
Key Numbers
- $0.17 — Quarterly Dividend Per Share (Amount to be paid to shareholders)
Key Players & Entities
- Independent Bank Corp. (company) — Filer
- $0.17 (dollar_amount) — Quarterly common stock dividend per share
- March 21, 2024 (date) — Date of report and earliest event
- April 19, 2024 (date) — Payment date for the dividend
- April 5, 2024 (date) — Record date for the dividend
FAQ
What is the amount of the quarterly common stock dividend declared by Independent Bank Corp.?
Independent Bank Corp. declared a quarterly common stock dividend of $0.17 per share.
On what date is the dividend payable?
The dividend is payable on April 19, 2024.
Who are the shareholders eligible to receive this dividend?
Shareholders of record as of April 5, 2024, are eligible to receive the dividend.
What is the filing date of this Current Report?
The filing date of this Current Report is March 21, 2024.
What is the principal executive office address of Independent Bank Corp.?
The principal executive offices are located at 2036 Washington Street, Hanover, Massachusetts 02339.
Filing Stats: 459 words · 2 min read · ~2 pages · Grade level 10.5 · Accepted 2024-03-21 16:12:42
Key Financial Figures
- $0.01 — ange on which registered Common Stock, $0.01 par value per share INDB NASDAQ Global
Filing Documents
- indb-20240321.htm (8-K) — 32KB
- exhibit991-q12024commondiv.htm (EX-99.1) — 6KB
- image.jpg (GRAPHIC) — 71KB
- 0000776901-24-000095.txt ( ) — 292KB
- indb-20240321.xsd (EX-101.SCH) — 2KB
- indb-20240321_def.xml (EX-101.DEF) — 14KB
- indb-20240321_lab.xml (EX-101.LAB) — 26KB
- indb-20240321_pre.xml (EX-101.PRE) — 15KB
- indb-20240321_htm.xml (XML) — 4KB
01 OTHER EVENTS
ITEM 8.01 OTHER EVENTS On March 21, 2024 Independent Bank Corp. issued a press release regarding the declaration of a quarterly common stock dividend, a copy of which is furnished here as Exhibit 99.1 and is incorporated by reference.
FINANCIAL STATEMENTS AND EXHIBITS
FINANCIAL STATEMENTS AND EXHIBITS d. The following exhibits are included with this Report: Exhibit Index Exhibit # Exhibit Description 99.1 Press Release of Independent Bank Corp. announcing quarterly common stock dividend dated March 21, 2024 101 The instance document does not appear in the interactive data file because its XBRL tags are embedded within the inline XBRL document. 104 Cover page interactive data file (formatted as inline XBRL and contained in Exhibit 101). SIGNATURE Pursuant to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned and hereunto duly authorized. INDEPENDENT BANK CORP. Date: March 21, 2024 By: /s/Mark J. Ruggiero MARK J. RUGGIERO CHIEF FINANCIAL OFFICER