Lakeland Financial (LKFN) Raises Quarterly Dividend 18.2% to $0.26; 2.2% Yield

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Go back to Lakeland Financial (LKFN) Raises Quarterly Dividend 18.2% to $0.26; 2.2% Yield

Lake City Bank Parent Announces 18% Increase in Quarterly Dividend

April 10, 2018 4:00 PM EDT

WARSAW, Ind., April 10, 2018 (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 2018 of $0.26 per share, payable on May 7, 2018 to shareholders of record as of April 25, 2018. The quarterly dividend represents a 18% increase over the quarterly dividend rate paid in 2017.

The strength of our balance sheet and our historically solid earnings performance creates the capacity to significantly increase our... More