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Independent Bank Corp. (INDB) Ex-Dividend Date Scheduled for September 26, 2013
By: NASDAQ.com News
Independent Bank Corp. ( INDB ) will begin trading ex-dividend on September 26, 2013. A cash dividend payment of $0.22 per share is scheduled to be paid on October 11, 2013. Shareholders who purchased INDB stock prior to the ex-dividend date are eligible for the cash dividend payment. This marks the 3rd quarter that INDB has paid the same dividend. At the current stock price of $35.95, the dividend yield is 2.45%.
The previous trading day's last sale of INDB was $35.95, representing a -5.49% decrease from the 52 week high of $38.04 and a 30.3% increase over the 52 week low of $27.59.
INDB is a part of the Finance sector, which includes companies such as Wells Fargo & Company ( WFC ) and J P Morgan Chase & Co ( JPM ). INDB's current earnings per share, an indicator of a company's profitability, is $2.08. Zacks Investment Research reports INDB's forecasted earnings growth in 2013 as 9.95%, compared to an industry average of 3.1%.