Lakeland Financial (LKFN) Declares $0.46 Quarterly Dividend; 2.5% Yield

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Go back to Lakeland Financial (LKFN) Declares $0.46 Quarterly Dividend; 2.5% Yield

Lake City Bank Parent Announces 15% Increase in Quarterly Dividend

January 10, 2023 2:00 PM EST

WARSAW, Ind., Jan. 10, 2023 (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 2023 of $0.46 per share, payable February 6, 2023, to shareholders of record as of January 25, 2023. The quarterly dividend represents a 15% increase over the quarterly dividend rate of $0.40 per share paid in 2022.

"We are pleased to announce another healthy increase to our dividend rate. Our consistent long-term operating performance and a strong capital foundation provide the capacity to comfortably increase dividends to shareholders," commented David M. Findlay,... More