Ex-Div Reminder for Independent Bank (INDB)

Looking at the universe of stocks we cover at Dividend Channel, on 12/24/14, Independent Bank Corp. (INDB) will trade ex-dividend, for its quarterly dividend of $0.24, payable on 1/9/15. As a percentage of INDB's recent stock price of $41.86, this dividend works out to approximately 0.57%, so look for shares of Independent Bank Corp. to trade 0.57% lower — all else being equal — when INDB shares open for trading on 12/24/14.

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Below is a dividend history chart for INDB, showing historical dividends prior to the most recent $0.24 declared by Independent Bank Corp. :

INDB+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from INDB is likely to continue, and whether the current estimated yield of 2.29% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of INDB shares, versus its 200 day moving average:

Independent Bank Corp.  200 Day Moving Average Chart

Looking at the chart above, INDB's low point in its 52 week range is $32.97 per share, with $42.28 as the 52 week high point — that compares with a last trade of $41.88.

According to the ETF Finder at ETF Channel, INDB makes up 2.07% of the SPDR Russell 2000 Low Volatility ETF ( SMLV) which is trading relatively unchanged on the day Monday.

In Monday trading, Independent Bank Corp. shares are currently up about 0.1% on the day.

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