Lakeland Financial (LKFN) Raises Quarterly Dividend 15.8% to $0.22; 2.1% Yield

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Go back to Lakeland Financial (LKFN) Raises Quarterly Dividend 15.8% to $0.22; 2.1% Yield

Lake City Bank Parent Announces 16% Increase in Quarterly Dividend

April 12, 2017 11:30 AM EDT

WARSAW, Ind., April 12, 2017 (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 2017 of $0.22 per share, payable on May 5, 2017 to shareholders of record as of April 25, 2017. The quarterly dividend represents a 16% increase over the quarterly dividend rate paid in 2016.

Our strong capital position and continued profitability has provided the opportunity for another double digit dividend increase, said David M. Findlay, Lake City Bank President and Chief Executive Officer. For the 27th... More