Lakeland Financial Raises Dividend by 4%

Dow Jones

Jan 15, 2025

By Katherine Hamilton

Lakeland Financial, the parent of Lake City Bank parent, is raising its cash dividend by 4% for the first quarter of 2025, the bank said Tuesday.

The Warsaw, Ind., company plans to pay out a quarterly dividend of 50 cents a share on Feb. 5.

The payout, equal to $2 a year, represents an annual yield of about 3% based on Monday's closing price of $66.60.

Lakeland Financial's dividends were 48 cents in 2024, which was also a 4% increase from the 2023 rate. The compounded annual growth rate has been 11% over the past five years, Chief Executive David Findlay said.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

January 14, 2025 14:23 ET (19:23 GMT)

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The compounded annual growth rate has been 11% over the past five years, Chief Executive David Findlay said. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  January 14, 2025 14:23 ET (19:23 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4211","symbol_name":"区域性银行","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2503034688","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2503034688","pubTimestamp":1736882580,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Lakeland Financial, the parent of Lake City Bank parent, is raising its cash dividend by 4% for the first quarter of 2025, the bank said Tuesday.The Warsaw, Ind., company plans to pay out a quarterly dividend of 50 cents a share on Feb. 5.The payout, equal to $2 a year, represents an annual yield of about 3% based on Monday's closing price of $66.60.Lakeland Financial's dividends were 48 cents in 2024, which was also a 4% increase from the 2023 rate. 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The compounded annual growth rate has been 11% over the past five years, Chief Executive David Findlay said. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 14, 2025 14:23 ET (19:23 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}