Oct 01, 1987
3:2
For every 2 shares held, investors received 3.
The split itself did not change the total investment value.
Independent Bank Corp. (FRA:60O) operates in the Regional banks industry.
Independent Bank Corp. company overviewIndependent Bank Corp.'s most recent stock split was on October 1, 1987. It was a 3-for-2 forward split, so shareholders received 3 shares for every 2 they held.
Independent Bank Corp. has split its stock once. This history records one forward split, on October 1, 1987.
A stock split divides each share into more shares and lowers the price per share by the same factor, so the total value of a holding does not change. In Independent Bank Corp.'s 3-for-2 split on October 1, 1987, every 2 shares became 3 shares.
Independent Bank Corp. has not announced a new split in our records. Its most recent split was on October 1, 1987, 39 years ago. Companies announce splits in advance, and any new FRA:60O split will appear on this page.