Lakeland Financial (LKFN) Raises Quarterly Dividend 14.3% to $0.28; 2.5% Yield

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Go back to Lakeland Financial (LKFN) Raises Quarterly Dividend 14.3% to $0.28; 2.5% Yield

Lake City Bank Parent Announces 14% Increase in Quarterly Dividend

April 12, 2016 4:00 PM EDT

WARSAW, Ind., April 12, 2016 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq: LKFN), parent company of Lake City Bank, announced that the Board of Directors approved a quarterly cash dividend for the first quarter of 2016 of $0.28 per share, payable on May 5, 2016 to shareholders of record as of April 25, 2016. The quarterly dividend represents a 14% increase over the quarterly dividend rate paid in 2015.

We are pleased to report another double digit dividend increase. Our consistent track record of producing high quality earnings has contributed to a strong capital position, said David M. Findlay, Lake City Bank... More