Independent Bancorp MA (INDB) dividend stock





  • Yield

     1.78%
  • Dividend

     1.28
  • 5 year dividend growth rate
     9.1%
  • Dividend increased

     6 yrs.
  • Payout ratio

     44%
  • Dividend pay date

     7/7/2017
  • Ex-dividend date

     6/22/2017
  • Uninterrupted
    dividends
     N/A yrs.
  • Yield compared to 5 year average
     -28.8%
  • Dividend payback
    period
      yrs.
  • Chowder rule

     10.9
  • Tweed factor

     -13.5
Rating
Overall rating
The overall rating measures the general health and sustainabilty of the company's dividend. It is an average of the five ratings below.





Dividend increased years
This rating looks at the number of years the company has increased their dividend consecutively. 1 star is given for 7 years or below and 5 stars are given for 23 years or more.





Dividend yield
This rating evaluates the size of the yield. 1 star is given for a yield below 0.75% and 5 stars for yields above 6.75%.





Payout ratio
The payout ratio shows how much of the earnings are being paid out as dividends. We award 0 stars for payout ratios above 100% and 5 stars for ratios below 10%.





Dividend growth rate
This rating takes into account the growth of the dividend. Companies that have a dividend growth rate below 1.5% get 1 star while 5 stars are given for rates above 13.5%.





Yield compared to 5 year average
If the current yield is below the 5 year average, it tends to indicate that the stock is cheap. A rating of 0 is given if the current yield is below 0 percent compared to the average and a rating of 5 is given if it's more than 22.5% above.
Relative valuations
Yield compared to 5 year average   
-28.8%
Payout ratio compared to 5 year average   
3.6%
P/E compared to 5 year average   
52.5%
Price per book value compared to 5 year average   
55.0%
Price change from 52 week high   
-1.9%
Price change from 50 days average   
7.5%
Price change from 200 days average   
11.4%
Price info
Change
0.65 (0.90%)


Last price
71.75 USD


Day range
70.95 - 72.50


Year range
46.75 - 73.15

Financial health
Current ratio
0.00


Debt/equity ratio
0.00


Cash
277.37M


Debt
370.82M


Valuation
Price/earning (P/E)
24.4


Price/book (P/B)
2.17


Forward price/earning (P/E)
17.89


Price/sales (P/S)
6.28


PEG
2.69


Market cap
1.97B

Recession performance (2007 - 2009)
0.6700,0.7100,0.7200
  • 2007
  • 2008
  • 2009
Dvidend growth (annualized)   
3.7%
2.0000,1.5200,0.8800
  • 2007
  • 2008
  • 2009
Earnings per share growth (annualized)   
-33.7%
10 year history
0.6700,0.7100,0.7200,0.7200,0.7500,0.8200,0.8700,0.9400,1.0200,1.1600
  • 07
  • 08
  • 09
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • ttm
Dividend growth (annualized)   
6.3%
2.0000,1.5200,0.8800,1.9000,2.1200,1.9500,2.1800,2.4900,2.5000,2.5000
  • 07
  • 08
  • 09
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • ttm
Earnings per share growth (annualized)   
2.5%
16.2400,18.7500,19.7100,20.5700,21.4500,23.2400,23.3400,26.1300,28.9400,29.3400
  • 07
  • 08
  • 09
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • ttm
Book value per share growth (annualized)   
6.8%
33.9000,47.3000,81.9000,37.9000,35.0000,43.0000,40.0000,41.2000,42.1000,41.6000
  • 07
  • 08
  • 09
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • ttm
Payout ratio growth (annualized)   
2.3%
14.0000,16.0000,20.0000,21.0000,21.0000,22.0000,23.0000,24.0000,26.0000,26.0000
  • 07
  • 08
  • 09
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • ttm
Shares outstanding growth (annualized)   
7.1%
Other companies in the regional - northeast banks industry
Company
Div. increase  
Yield
Div. growth
USA   Tompkins Financial 30 yrs2.27%4.7%
USA   Arrow Financial 23 yrs3.11%2.0%
USA   First of Long Island 22 yrs2.00%6.2%
USA   Citizens Financial Services 19 yrs3.03%10.7%
USA   Norwood Financial 19 yrs2.92%3.3%
USA   First Keystone 16 yrs3.96%2.2%
USA   Bar Harbor Bankshares 14 yrs2.66%7.7%
USA   Quaint Oak Bancorp 10 yrs1.51%17.1%
Company profile
Empoloyees
980


Sector


Website


Founded
1907


Industry


SEC filings




Independent Bank Corp. operates as the holding company for Rockland Trust Company that provides banking products and services primarily to small-to-medium sized businesses and individuals in Massachusetts. Its deposit products include demand deposits, interest checking accounts, money market account...
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Address:
288 Union Street, Rockland, MA, 02370

Phone:
+1 781 878-6100
Independent Bancorp MA has a dividend of 1.28 USD and their yield is 1.78%. The dividend has been raised for 6 years in a row (since 2011). The payout ratio of INDB is 44%, based on an EPS of 2.94 and a dividend of 1.28. If their dividend growth rate stays the same, the dividend payback period would be years. Their dividend has been growing by 9.1% a year for the last 5 years (on average). 6/22/2017 is the ex-dividend date for Independent Bancorp MA, while 7/7/2017 is the dividend pay date. This US company was founded in 1907 and has 980 employees. They are in the financial sector and the regional - northeast banks industry. Our dividend rating for this stock is 1.7 / 5 stars.






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