Lakeland Financial (LKFN) Raises Quarterly Dividend 13.3% to $0.34; 2.3% Yield
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Lake City Bank Parent Announces 13% Increase in Quarterly Dividend
January 13, 2021 8:30 AM ESTWARSAW, Ind., Jan. 13, 2021 (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 fourth quarter of 2020 of $0.34 per share, payable on February 5, 2021 to shareholders of record as of January 25, 2021. The quarterly dividend represents a 13% increase over the quarterly dividend rate paid in the first three quarters of 2020.
Our continued strong capital position provides the foundation for increasing our dividend. As we enter 2021, this strong capital position supports this healthy 13% dividend increase. said David M. Findlay, President and Chief Executive Officer.
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