Independent Bank (IBCP) Raises Quarterly Dividend 25% to $0.10; 2.4% Yield

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Go back to Independent Bank (IBCP) Raises Quarterly Dividend 25% to $0.10; 2.4% Yield

Independent Bank Corporation Announces a 25% Increase in Its Quarterly Cash Dividend on Common Stock

October 25, 2016 10:50 AM EDT

GRAND RAPIDS, Mich., Oct. 25, 2016 (GLOBE NEWSWIRE) -- Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of ten cents per share.  This dividend is payable on Nov. 15, 2016 to shareholders of record on Nov. 7, 2016.

William B. (Brad) Kessel, the President and Chief Executive Officer of Independent Bank Corporation, commented:  We are pleased to announce a 25% increase in our quarterly cash dividend to ten cents per share from our... More