Looking at the universe of stocks we cover at Dividend Channel, on 2/6/17, Independent Bank Corporation (IBCP) will trade ex-dividend, for its quarterly dividend of $0.10, payable on 2/15/17. As a percentage of IBCP's recent stock price of $20.93, this dividend works out to approximately 0.48%.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 1.91% 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 $22.25 as the 52 week high point — that compares with a last trade of $20.90. According to the ETF Finder at ETF Channel, IBCP makes up 1.28% of the PowerShares DWA SmallCap Momentum Portfolio ETF ( DWAS) which is trading higher by about 0.1% on the day Thursday. In Thursday trading, Independent Bank Corporation shares are currently down about 0.8% on the day.