Independent Bank Corporation (NASDAQ: IBCP), the holding company of Independent Bank, a Michigan-based community bank, announced that today its Board of Directors declared a quarterly cash dividend on its common stock of 20 cents per share. This dividend is payable on Feb. 14, 2020 to shareholders of record on Feb. 5, 2020.
William B. ("Brad") Kessel, the President and Chief Executive Officer of Independent Bank Corporation, commented: "We are pleased to announce an 11% increase in our quarterly cash dividend to 20 cents per share from our previous 18 cents per share level. This increase reflects the confidence of our Board of Directors in the prospects for the Company in 2020 and beyond."