Rockland Trust parent boosts 1Q dividend

ROCKLAND, Mass. – The board of directors of Independent Bank Corp. (Nasdaq: INDB), parent of the Rockland Trust Co., have set a first-quarter dividend of 18 cents per share.
The dividend represents a 6-percent increase from the fourth-quarter payment of 17 cents per share. It will be payable April 11 to shareholders of record at the close of business on March 31, Independent Bank said.
The company’s acquisition of the former Slades Ferry Bancorp of Somerset (Nasdaq: SFBC), parent of the nine-branch Slade’s Ferry Bank, was completed on March 1. The $105 million cash-and-shares transaction was intended to qualify as a tax-free reorganization. (READ MORE)
Independent Bank Corp. (Nasdaq: INDB) is the parent of Rockland Trust Co., a full-service community bank with assets totaling $3.4 billion that serves southeastern Massachusetts, Cape Cod and Rhode Island. Additional information is available at www.RocklandTrust.com.