Lakeland Financial ( (LKFN) ) just unveiled an update.
On January 14, 2025, Lakeland Financial Corporation announced a 4% increase in its quarterly cash dividend to $0.50 per share for the first quarter of 2025, payable on February 5, 2025. This dividend increase reflects the company’s strong financial foundation and commitment to shareholder returns, with a compounded annual growth rate of 11% over the past five years. This move is expected to support continued organic loan growth and reinforce its market position.
More about Lakeland Financial
Lake City Bank, a $6.7 billion financial institution headquartered in Warsaw, Indiana, was founded in 1872 and serves Central and Northern Indiana communities with 54 branch offices and a robust digital banking platform. As the single bank subsidiary of Lakeland Financial Corporation, it operates a community banking model focused on building long-term in-market customer relationships and providing technology-forward solutions for retail and commercial clients.
YTD Price Performance: -1.03%
Average Trading Volume: 119,573
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $1.68B
See more data about LKFN stock on TipRanks’ Stock Analysis page.