Independent Bank Corporation
Reinvesting dividends added $321.22 extra to your Independent Bank Corporation investment over this period.
| Ex-Date | Dividend | Reinvest Price | Shares Added |
|---|---|---|---|
| 2025-02-04 | $0.26 | $36.15 | +0.007192 |
| 2025-05-05 | $0.26 | $31.34 | +0.008356 |
| 2025-08-05 | $0.26 | $30.25 | +0.008729 |
| 2025-11-04 | $0.26 | $30.25 | +0.008804 |
Independent Bank Corporation (IBCP) is a dividend-paying stock. Over the past year, the company paid 4 dividends totaling $1.0400 per share. When these dividends are reinvested through a DRIP (Dividend Reinvestment Plan), they purchase additional shares, which then generate their own dividends—creating a compounding effect that can significantly boost long-term returns.
Our total return calculator simulates dividend reinvestment (DRIP) by assuming each dividend payment is used to purchase additional shares at the closing price on the ex-dividend date. This methodology provides an accurate representation of how a dividend reinvestment plan would perform. The calculation accounts for the compounding effect where reinvested dividends generate their own future dividends.
Independent Bank Corporation (IBCP) delivered a total return of 0.32% over the past year when dividends are reinvested. The price-only return was -2.90%, meaning dividends contributed an additional 3.21 percentage points to total returns.
A $10,000 investment in Independent Bank Corporation one year ago would be worth $10,032 today with dividends reinvested (DRIP). Without reinvesting dividends, the same investment would be worth $9,710. Dividend reinvestment added $321 to the portfolio value.
Yes, Independent Bank Corporation (IBCP) pays dividends. Over the past year, IBCP paid 4 dividends totaling $1.0400 per share. Reinvesting these dividends through a DRIP can significantly boost long-term returns.
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