Independent Bank Corp. ( INDB - Free Report ) has raised its quarterly common stock dividend by 4.5% to 46 cents per share. The dividend will be paid out on Apr 9 to shareholders of record as of Mar 30. Prior to the revision, the company had raised its quarterly dividend from 38 cents per share to 44 cents in March 2019. Considering yesterday's closing price of $64.23 per share, the dividend yield is currently valued at 2.86%.