Lakeland Financial (LKFN) Declares $0.28 Quarterly Dividend; Approves Three-for-Two Stock Split

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Go back to Lakeland Financial (LKFN) Declares $0.28 Quarterly Dividend; Approves Three-for-Two Stock Split

Lake City Bank Parent Announces 14% Increase in Cash Dividend and Stock Split

July 13, 2016 3:30 PM EDT

WARSAW, Ind., July 13, 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 second quarter of 2016 of $0.28 per share, payable on August 5, 2016 to shareholders of record as of July 25, 2016. The cash dividend represents a 14% increase over the quarterly cash dividend rate paid in 2015. The Board of Directors also authorized a 3-for-2 stock split, to be effected in the form of a 50% stock dividend. 

The cash dividend is payable on August 5, 2016, to... More