Lakeland Financial (LKFN) Raises Quarterly Dividend 15.4% to $0.30; 2.6% Yield

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Go back to Lakeland Financial (LKFN) Raises Quarterly Dividend 15.4% to $0.30; 2.6% Yield

Lake City Bank Parent Announces 16% Increase in Quarterly Dividend

April 9, 2019 4:00 PM EDT

WARSAW, Ind., April 09, 2019 (GLOBE NEWSWIRE) -- Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent company of Lake City Bank, announced that the Board of Directors approved a quarterly cash dividend for the first quarter of 2019 of $0.30 per share, payable on May 6, 2019 to shareholders of record as of April 25, 2019. The quarterly dividend represents a 16% increase over the quarterly dividend rate paid in 2018.

We are pleased to continue our history of double digit dividend increases for our shareholders. The dividend increase is the outcome of consistent long-term growth in earnings and its positive impact... More