Looking at the universe of stocks we cover at Dividend Channel, on 11/3/16, Independent Bank Corporation (IBCP) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 11/15/16. As a percentage of IBCP's recent stock price of $16.85, this dividend works out to approximately 0.59%, so look for shares of Independent Bank Corporation to trade 0.59% lower — all else being equal — when IBCP shares open for trading on 11/3/16.Below is a dividend history chart for IBCP, showing historical dividends prior to the most recent $0.10 declared by Independent Bank Corporation : In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from IBCP is likely to continue, and whether the current estimated yield of 2.37% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of IBCP shares, versus its 200 day moving average: Looking at the chart above, IBCP's low point in its 52 week range is $13.42 per share, with $17.24 as the 52 week high point — that compares with a last trade of $16.85. According to the ETF Finder at ETF Channel, IBCP makes up 1.42% of the PowerShares DWA SmallCap Momentum Portfolio ETF ( DWAS) which is trading up by about 0.1% on the day Tuesday. In Tuesday trading, Independent Bank Corporation shares are currently up about 0.3% on the day.