Looking at the universe of stocks we cover at Dividend Channel, on 12/22/23, Independent Bank Corp (Symbol: INDB) will trade ex-dividend, for its quarterly dividend of $0.55, payable on 1/5/24. As a percentage of INDB's recent stock price of $65.96, this dividend works out to approximately 0.83%, so look for shares of Independent Bank Corp to trade 0.83% lower — all else being equal — when INDB shares open for trading on 12/22/23.
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 3.34% 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:
Looking at the chart above, INDB's low point in its 52 week range is $43.283 per share, with $85.98 as the 52 week high point — that compares with a last trade of $66.05.
Free Report: Top 8%+ Dividends (paid monthly)
In Wednesday trading, Independent Bank Corp shares are currently up about 1.7% on the day.
Also see:
GMLP Videos CDTI market cap history
Funds Holding FFIV
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
