Lakeland Financial (LKFN) Raises Quarterly Dividend 4.2% to $0.50; 2.9% Yield

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Go back to Lakeland Financial (LKFN) Raises Quarterly Dividend 4.2% to $0.50; 2.9% Yield

Lake City Bank Parent Announces 4% Increase in Quarterly Dividend

January 14, 2025 2:00 PM EST

WARSAW, Ind., Jan. 14, 2025 (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 2025 of $0.50 per share, payable February 5, 2025, to shareholders of record as of January 25, 2025. The quarterly dividend represents a 4% increase over the quarterly dividend rate of $0.48 per share paid in 2024.

We are pleased to announce another increase to our common stock dividend. Our compounded annual growth rate has been 11% over the last five years contributing meaningfully to our total return to shareholders, commented David M. Findlay,... More