Independent Bank Corp.

The dividend has not been reduced for 7 consecutive years.The forecast annual dividend is $2.51 per share or unit, with a forecast yield of 3.26%.Dividend on equity (DOE) is 3.27%.

Dividend on equity (DOE) is the annual dividend as a percentage of shareholders’ equity. Because it is less affected by temporary earnings swings, it helps assess the continuity of a company’s shareholder return policy.