Independent Bank Corporation Announces 4% Increase in Quarterly Cash Dividend on Common Stock
January 23 2024 - 9:16AM
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 24 cents per share. This dividend is payable on
February 15, 2024 to shareholders of record on February 5, 2024.
The quarterly dividend represents a 4% increase over the quarterly
dividend rate paid for each quarter in 2023.
William B. (“Brad”) Kessel, the President and
Chief Executive Officer of Independent Bank Corporation, commented:
“This marks the eleventh consecutive annual increase in our
dividend for our shareholders. Our consistent long-term operating
performance, a strong capital position and an optimistic outlook
for our future supports our board’s decision for this dividend
increase.”
About Independent Bank
Corporation
Independent Bank Corporation (NASDAQ: IBCP) is a
Michigan-based bank holding company with total assets of
approximately $5.2 billion. Founded as First National Bank of Ionia
in 1864, Independent Bank Corporation operates a branch network
across Michigan's Lower Peninsula through one state-chartered bank
subsidiary. This subsidiary (Independent Bank) provides a full
range of financial services, including commercial banking, mortgage
lending, investments and insurance services. Independent Bank
Corporation is committed to providing exceptional personal service
and value to its customers, stockholders and the communities it
serves.
For more information, please visit our Web site
at: IndependentBank.com.
Contact: |
William B.
Kessel, President and CEO, 616.447.3933 |
|
Gavin A. Mohr, Chief Financial Officer,
616.447.3929 |
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