Independent Bank Corp. Announces 11% Increase in Quarterly Dividend
March 15 2012 - 4:04PM
Business Wire
The Board of Directors of Independent Bank Corp. (NASDAQ: INDB),
parent of Rockland Trust Company, today announced a $0.21 per share
dividend which will be payable on April 5, 2012, to stockholders of
record as of the close of business on March 26, 2012. This dividend
represents growth of 11%, or $.02, over the prior quarter’s
dividend of $0.19.
Christopher Oddleifson, President and Chief
Executive Officer of Independent Bank Corp. and Rockland Trust
Company, stated: “A double-digit percentage increase in our
dividend is another testament to the strength and stability of
Independent Bank Corp. Our ability to generate capital growth
through core earnings allows us to continue returning value to
shareholders.”
Independent Bank Corp., which has Rockland Trust Company as a
wholly owned bank subsidiary, currently has approximately $5.0
billion in assets. Rockland Trust provides a wide range of
consumer, business, investment, and insurance products and
services. Rockland Trust Company is a full-service community bank
serving Eastern Massachusetts and Cape Cod. To find out more about
the products and services available at Rockland Trust Company,
please visit our website at www.RocklandTrust.com.
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