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Independent Bank Corporation (IBCP) |
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 IBCP $25.3500
$1.2100
5.01%
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 Volume (M):
102
Open :
25.02 52 Wk Avg :
20.54
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 IBCP $25.3500
$1.2100
5.01%
|
 Volume (M):
102
Open :
25.02 52 Wk Avg :
20.54
|
|
IBCP Today's High:
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$25.425
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IBCP Shares One Week Perf:
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2.51 %
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IBCP Today's Low: |
$ 24.72 |
IBCP Shares 30 Day Performance: |
4.58 % |
Number of IBCP Shares Traded (M): |
102 |
IBCP Share Price 52 Wk High: |
$ 27.39 |
Value of IBCP's Shares Traded (M$): |
$ 2,578 |
IBCP Share Price 52 Wk Avg: |
$20.54 |
Share Price at the Open: |
$25.02 |
IBCP's Share Price 52 Wk Low: |
$14.90 |
During the past 7 days Independent Bank Corporation shares declined by -1.31% , this brings the share price to -5.48% in the past 90 days. Independent Bank Corporation shares are currently trading on the NASDAQ by 18% above its 52 week average.
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IBCP Company Profile >> Share performance within Regional Banks Industry >> Compare IBCP to its Benchmarks |
News about Independent Bank Corporation's Stock Splits and Dividends |
Independent Bank Corporation announces 4% increase in quarterly dividend rate, driving investor optimism GRAND RAPIDS, Mich., Jan. 23, 2024 - Independent Bank Corporation (NASDAQ: IBCP) has emerged as a beacon of stability and growth in the Michigan community banking sector, as the company's Board of Directors declared a quarterly cash dividend on its common stock of 24 cents per share. This announcement comes as the result of the company's impressive financial performance and reinforces its commitment to shareholder value. The dividend payment, set to be disbursed on February 15, 2024, represents a 4% increase over the quarterly dividend rate paid for each quarter in 2023. Despite a recent slide in share prices on October 17, 2023, Independent Bank Corporation remains optimistic about the future, as evidenced by their continued commitment to increasing dividends. This strategic decision reflects the confidence the company has in its financial trajectory and its ability to generate consistent returns for shareholders.
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Independent Bank Corporation, the holding company of Independent Bank, a renowned community bank based in Michigan, recently disclosed its decision to adopt a 2024 share repurchase plan. This plan, authorized by the company's Board of Directors on December 19, 2023, allows for the repurchase of up to 1,100,000 shares, representing approximately 5% of its outstanding common stock. The following article aims to analyze the facts surrounding this announcement and assess its potential impact on the company's shares, considering the current market conditions. Factual Overview: 1. Independent Bank Corporation (NASDAQ: IBCP) has announced the adoption of a 2024 share repurchase plan. 2. The plan permits the repurchase of up to 1,100,000 shares, which constitutes about 5% of the company's common stock. 3. The authorization of the share repurchase plan was performed on December 19, 2023. 4. The plan is valid until December 31, 2024.
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Independent Bank Corporation, the parent company of Michigan-based community bank Independent Bank, recently announced the declaration of a quarterly cash dividend of 23 cents per share on its common stock. This move by the Board of Directors reflects the company's commitment to providing returns to its shareholders. However, despite this positive news, the company's shares have experienced a decline in the past few trading days, contributing to a year-to-date performance drop of -24.6%. Nonetheless, Independent Bank Corporation's shares remain relatively strong, trading 22.2% above its 52-week low. Fact 1: Independent Bank Corporation Declares Quarterly Cash Dividend The Board of Directors of Independent Bank Corporation has authorized a quarterly cash dividend of 23 cents per share on its common stock. This dividend is payable to the shareholders of record on November 3, 2023. The dividend will be distributed on November 13, 2023. This decision reflects the company's focus on providing consistent returns to its shareholders amidst the current market conditions. Fact 2: Recent Performance of Independent Bank Corporation Shares Over the past five trading days, the shares of Independent Bank Corporation have experienced a decline of -0.76%. Furthermore, the year-to-date performance of the company's shares stands at -24.6%. This indicates a challenging period for the shareholders, potentially caused by various market factors or internal challenges faced by the company.
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