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IBCP — Independent Bank Corporation

Independent Bank Corporation (IBCP)

IBCP pays a 2.92% distribution rate, quarterly. Its Distribution Safety Score™ is 97 (Safe), giving a Safety-Adjusted Yield of 2.83%. Distributions grew 9.1% over the past year. Its deepest 1-year drawdown was 13.5%.

Independent Bank Corporation is a bank holding company that provides retail and commercial banking services through its subsidiary Independent Bank, operating from its base in Grand Rapids, Michigan since 1864. The company offers a range of products including deposit accounts, consumer and real estate loans, investment services, trust services, and insurance products. It distributes dividends quarterly at a moderate current distribution rate.

IBCP key facts

Distribution Safety Score™
97 · Safe
Safety-Adjusted Yield
2.83%
Asset type
Stock
Asset class
Equity
Inception date
09/04/1985
Distribution rate
2.92%
Distribution frequency
Quarterly
Trailing yield
2.87%
5-year average yield
3.69
Last close
$38.31
Market cap
$750,270,144
Average volume
195200.0
Last dividend
$0.2800
Ex-dividend date
08/04/2026
Payment date
08/14/2026
Beta
0.699
Payout ratio
0.3205
P/E ratio
10.9012
Forward P/E
12.0482
EPS
$3.34