Lakeland Bancorp (LBAI) Raises Quarterly Dividend 8.7% to $0.125; 3.3% Yield

Lakeland Bancorp (NASDAQ: LBAI) declared a quarterly dividend of $0.125 per share, or $0.5 annualized. This is an 8.7% increase from the prior dividend of $0.115.

The dividend will be payable on May 17, 2019, to stockholders of record on May 9, 2019, with an ex-dividend date of May 8, 2019.

The annual yield on the dividend is 3.3 percent.

Thomas Shara, Lakeland Bancorp’s President and CEO commented, "We’re excited to complete the Highlands Bancorp acquisition this quarter and welcome the Highlands customers and shareholders to the Lakeland family. Another highlight is our successful completion the Highlands core conversion to our systems and additional services their customers will benefit from as part of a larger institution. Lakeland continues to carefully grow our assets in a very competitive environment and as a sign of continued confidence, our Board increased the annual cash dividend from $0.46 to $0.50 per share."

For a dividend history and other dividend-related data on Lakeland Bancorp (LBAI) click here.

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