Company / Dividends Paid
INDEPENDENT BANK CORP /MI/ Dividends Paid History
FY2016-FY2025 · Annual data · Source: SEC filings
At a glance
Latest annual filing availableLatest Dividends Paid
$21.6M
FY2025
5-year range
$18.2M / $21.6M
FY2021-FY2025
Trend
+7.8%
vs FY2024
Sector context
#251 of 302
Financials
What the data says
INDEPENDENT BANK CORP /MI/'s dividends paid of $22M is lower than 83% of companies in the Financials sector (FY2025). Dividends Paid has increased for 9 consecutive years, from $7M in FY2016 to $22M in FY2025.
Based on SEC 10-K filings.
$22M in FY2025 with a 5-year CAGR of +4.2%.
Improved from $19M to $22M over the past 2 years.
Financials sector context is included.
Dividends Paid over time
Growth rates
- 3-Year CAGR
- +5.2%
- 5-Year CAGR
- +4.2%
- 10-Year CAGR
- -
Sector benchmark
Bottom 17% in FinancialsTop 83% of 302This company $21.6M Sector average $468.6M
▼
-95.4% below sector average
Key checks
Key Insights
- INDEPENDENT BANK CORP /MI/'s dividends paid has grown for 9 consecutive years.
- 5-year CAGR of +4.2%, indicating consistent growth.
- In FY2025, dividends paid increased 7.8% year-over-year.
- Ranks #251 out of 302 companies in the Financials sector.
Company context
Key Data Points
- Altman Z-Score 0.09 (distress zone, below 1.8 threshold)
Data sourced from SEC EDGAR filings. Not investment advice.
Annual data
| Year | Dividends PaidValue | YoY GrowthYoY |
|---|---|---|
| FY2025 | $21.6M | +7.8% |
| FY2024 | $20.0M | +3.7% |
| FY2023 | $19.3M | +4.1% |
| FY2022 | $18.6M | +2.3% |
| FY2021 | $18.2M | +3.0% |
| FY2020 | $17.6M | +6.4% |
| FY2019 | $16.6M | +17.8% |
| FY2018 | $14.1M | +56.9% |
| FY2017 | $9.0M | +23.2% |
| FY2016 | $7.3M | +23.4% |
As of FY2025 · SEC 10-K · Updated Mar 28, 2026