Business
Independent Bank Corp. Announces 4% Increase in Quarterly Dividend
ROCKLAND, Mass.--(BUSINESS WIRE)-- The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company,
About this update from Independent Bank Corp.
[{"type":"text","content":" ROCKLAND, Mass.--(BUSINESS WIRE)--\nThe Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.59 per share dividend, representing a $0.02 increase from the prior quarter. The dividend will be payable on April 7, 2025, to stockholders of record as of the close of business on March 31, 2025.\n\n“We are pleased to announce a 4% increase in our annual dividend, reaffirming our commitment to generating long term, sustainable levels of return on capital to our shareholders,” stated Jeffrey Tengel, Chief Executive Officer of Independent Bank Corp.\n\nABOUT INDEPENDENT BANK CORP.\n\nIndependent Bank Corp. (NASDAQ Global Select Market: INDB) is the holding company for Rockland Trust Company, a full-service commercial bank headquartered in Massachusetts. With retail branches in Eastern Massachusetts and Worcester County as well as commercial banking and investment management offices in Massachusetts and Rhode Island, Rockland Trust offers a wide range of banking, investment, and insurance services to individuals, families, and businesses. The Bank also offers a full suite of mobile, online, and telephone banking services. Rockland Trust is an FDIC member and an Equal Housing Lender.\n\nThis press release contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 with respect to the business of the Company. These statements may be identified by such forward-looking terminology as “expect,” “achieve,” “plan,” “believe,” “future,” “positioned,” “continued,” “will,” “would,” “potential,” or similar statements or variations of such terms. Actual results may differ from those contemplated by these forward-looking statements.\n\nFactors that may cause actual results to differ materially from those contemplated by such forward-looking statements include, but are not limited to:\n\n\nadverse economic conditions in the regional and local economies within the New England region and the Company’s market area;\n\n\nevents impacting the financial services industry, including high profile bank failures, and any resulting decreased confidence in banks among depositors, investors, and other counterparties, as well as competition for deposits, significant disruption, volatility and depressed valuations of equity ...