Lakeland Bancorp (LBAI) Raises Quarterly Dividend 8.7% to $0.125; 3.3% Yield
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Lakeland Bancorp Announces First Quarter Results and Increases Cash Dividend 9%
April 29, 2019 8:01 AM EDTOAK RIDGE, N.J., April 29, 2019 (GLOBE NEWSWIRE) -- Lakeland Bancorp, Inc. (NASDAQ: LBAI) (the Company), the parent company of Lakeland Bank (Lakeland), reported net income of $15.6 million and earnings per diluted share ("EPS") of $0.31 for the three months ended March 31, 2019 versus net income of $15.3 million and EPS of $0.32 for the prior year quarter. Excluding merger-related expenses pertaining to the Companys January 2019 acquisition of Highlands Bancorp, Inc. ("Highlands") of $2.1 million, tax-effected, net income for the first quarter of 2019 was $17.8 million, or $0.35 per diluted share.
For the first quarter of 2019, annualized return on average assets... More
