Independent Bank (INDB) Dividend Coverage Ratio (2010 - 2026)
Independent Bank's (INDB) Dividend Coverage Ratio stood at 2.63 in Q2 2026, up 29.5% from 2.03 a year earlier but down 4.3% from the prior quarter.
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Analysis
Independent Bank (INDB) Dividend Coverage Ratio (2010 - 2026) Analysis & Trends
On a TTM basis, Independent Bank's Dividend Coverage Ratio came in at 2.37 as of Jun 30, 2026, up 22.7% year-over-year; for FY2025, it came in at 1.97, down 1.1% from FY2024.
- Annual Dividend Coverage Ratio has declined for three straight years.
- Across earlier years, Dividend Coverage Ratio came in at 2.00 in FY2024 (-18.3%), 2.44 in FY2023 (-13.2%), 2.81 in FY2022 (+45.9%) and 1.93 in FY2021 (-3.2%).
- Quarterly Dividend Coverage Ratio has ranged from 0.11 in Q4 2021 to 3.31 in Q4 2022 over the past five years.
- On a year-over-year basis, Dividend Coverage Ratio has increased for three consecutive quarters, with growth averaging 3.6% over the last eight quarters.
- Peak year-over-year performance for Dividend Coverage Ratio in the last five years was growth of 50.0% in Q1 2026, against a decline of 95.3% in Q4 2021 at the low end.
- Per Business Quant, the preceding three quarters came in at 2.75 (Q1 2026), 2.56 (Q4 2025) and 1.36 (Q3 2025).
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Div. Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Jpmorgan Chase | 881.30 Bn | 881.30 Bn | - | - |
| 2 | Bank Of America | 354.90 Bn | -2,021.17 Bn | - | 3.75 |
| 3 | Hsbc Holdings | 311.39 Bn | -1,517.77 Bn | - | - |
| 4 | Morgan Stanley | 282.15 Bn | -226.95 Bn | - | - |
| 5 | Royal Bank Of Canada | 281.68 Bn | -548.32 Bn | - | - |
| 6 | Goldman Sachs | 255.22 Bn | -3,301.89 Bn | - | - |
| 7 | Mitsubishi Ufj Financial | 249.82 Bn | -82.42 Bn | 10.89 Bn | - |
| 8 | Wells Fargo & Company | 249.49 Bn | 251.62 Bn | - | 4.51 |
| 9 | Toronto Dominion Bank | 210.53 Bn | -465.35 Bn | - | 2.34 |
| 10 | Independent Bank | 3.99 Bn | 3.90 Bn | - | 2.63 |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 2.63 |
| Mar 31, 2026 | 2.75 |
| Dec 31, 2025 | 2.56 |
| Sep 30, 2025 | 1.36 |
| Jun 30, 2025 | 2.03 |
| Mar 31, 2025 | 1.83 |
| Dec 31, 2024 | 2.07 |
| Sep 30, 2024 | 1.77 |
| Jun 30, 2024 | 2.12 |
| Mar 31, 2024 | 2.03 |
| Dec 31, 2023 | 2.26 |
| Sep 30, 2023 | 2.51 |
| Jun 30, 2023 | 2.57 |
| Mar 31, 2023 | 2.44 |
| Dec 31, 2022 | 3.31 |
| Sep 30, 2022 | 3.05 |
| Jun 30, 2022 | 2.56 |
| Mar 31, 2022 | 2.34 |
| Dec 31, 2021 | 0.11 |
| Sep 30, 2021 | 2.52 |
API Access
Independent Bank Dividend Coverage Ratio API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=INDB&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "dividend-coverage-ratio", "ticker": "INDB", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=dividend-coverage-ratio&ticker=INDB&period=max&api_key=YOUR_API_KEY");
const data = await res.json();