Is Independent Bank Corp. a good dividend stock?

Independent Bank Corp. (INDB) is a dividend-paying stock with a current dividend yield of 2.89%. Review its dividend history, payout consistency and growth to judge whether it fits your income strategy.

What is INDB's dividend yield?

The dividend yield for INDB stock is currently 2.89%.

How much does INDB pay in dividends per year?

Independent Bank Corp. pays an annual dividend of $2.4600 per share over the trailing twelve months.

How often does INDB pay dividends?

INDB stock pays dividends quarterly.

Is INDB's dividend growing?

Independent Bank Corp.'s 3-year dividend CAGR is 4.43%.

INDB Stock Price, Chart, Stats & News

Independent Bank Corp.

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Overview Dividend safety Dividends Fundamentals

Independent Bank Corp. (INDB) is a dividend-paying stock with a current dividend yield of 2.89% as of Jul 15, 2026. It pays $2.46 per share over the trailing twelve months and distributes quarterly. Its dividend has grown at a 5.53% 5-year compound annual rate.

4.11B

Market cap

13.79x

Current P/E

11.65x

Forward P/E

2.89%

Dividend yield

$2.46

INDB dividend

Dividend safety

Strong

Dividend coverage looks healthy — INDB pays out about 40% of earnings.

See the safety analysis

INDB chart

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Fundamentals

Gross margin	67.93%
Operating margin	22.87%
Pretax margin	22.46%
Net margin	17.57%
Effective tax rate	21.76%
ROA	0.82%
ROE	6.21%
D/E	0.23x
Interest coverage ratio	0.85x

All financials

INDB valuation

P/E	13.79x
P/S	3.09x
P/B	1.02x
P/CF	14.52x
P/FCF	14.58x
P/OCF	14.52x
PEG	2.15x
EV multiple	9.85x

About

Independent Bank Corp. functions as the parent company for Rockland Trust Company, delivering a wide array of commercial banking products and services. Its clientele primarily consists of private individuals and small to mid-sized businesses, largely within Massachusetts. The institution offers diverse deposit options, including interest-bearing checking, money market, and savings accounts, in addition to demand deposits and time certificates of deposit.