Lakeland Financial (LKFN) Raises Quarterly Dividend 4.3% to $0.48; 3% Yield
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Lake City Bank Parent Announces 4% Increase in Quarterly Dividend
January 9, 2024 2:00 PM ESTWARSAW, Ind., Jan. 09, 2024 (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 2024 of $0.48 per share, payable February 5, 2024, to shareholders of record as of January 25, 2024. The quarterly dividend represents a 4% increase over the quarterly dividend rate of $0.46 per share paid in 2023.
Lake City Banks consistently strong operating performance has contributed to an exceptionally strong capital base. Our dividend increase reflects both our confidence in the future and our success over a very long period of time, stated... More
