Lakeland Industries Declares Cash Dividend for First Quarter 2025

Rhea-AI Summary

Lakeland Industries, Inc. (NASDAQ: LAKE) has declared a cash dividend of $0.03 per share for its fiscal first quarter of 2025. The dividend will be paid on February 22, 2024, to stockholders of record as of February 15, 2024.

Financial Analyst

The declaration of a cash dividend by Lakeland Industries signifies a direct financial benefit to stockholders and reflects the company's confidence in its liquidity and profit-generating capabilities. Dividends are a tangible return on investment and the announcement could potentially influence investor sentiment and the company's stock price. However, the dividend yield, calculated as annual dividends per share divided by the price per share, should be considered in the context of the overall market and the industry's average to assess attractiveness to income-focused investors.

It's also important to analyze the dividend payout ratio, which is the proportion of earnings paid out as dividends to shareholders. A low payout ratio could suggest that the company is reinvesting a significant portion of its earnings into growth opportunities, while a high ratio might indicate limited growth prospects or a mature business. Investors should consider these factors in conjunction with the company's financial health, future earnings potential and industry trends when evaluating the impact of this dividend announcement.

Market Research Analyst

From a market research perspective, Lakeland Industries' dividend declaration could be interpreted as a signal of stability and a commitment to shareholder value, which might be particularly reassuring in volatile or uncertain economic times. The impact on the stock market will depend on how this dividend aligns with investor expectations and the current performance of the protective clothing industry. If the dividend is in line with or exceeds industry norms, it could positively influence the stock's attractiveness.

Additionally, the timing and consistency of dividend payments can affect investor perception. Recurring dividends can attract a stable shareholder base, while inconsistent dividends might lead to volatility in shareholder composition. It's essential to monitor the company's historical dividend patterns and compare them with competitors to understand the broader implications of this announcement on the company's market position.

HUNTSVILLE, AL / ACCESSWIRE / February 1, 2024 / Lakeland Industries, Inc. (NASDAQ:LAKE) (the "Company" or "Lakeland"), a leading global manufacturer of protective clothing for industry, healthcare and first responders on the federal, state, and local levels, today announced that its Board of Directors declared a cash dividend for its fiscal first quarter of 2025 of $0.03 per share. The dividend will be paid on February 22, 2024, to stockholders of record as of February 15, 2024.

About Lakeland Industries, Inc.

We manufacture and sell a comprehensive line of industrial protective clothing and accessories for the industrial and public protective clothing market. Our products are sold globally by our in-house sales teams, our customer service group, and authorized independent sales representatives to a network of over 2,000 global safety and industrial supply distributors. Our authorized distributors supply end users, such as integrated oil, chemical/petrochemical, automobile, transportation, steel, glass, construction, smelting, cleanroom, janitorial, pharmaceutical, and high technology electronics manufacturers, as well as scientific, medical laboratories and the utilities industry. In addition, we supply federal, state and local governmental agencies and departments, such as fire and law enforcement, airport crash rescue units, the Department of Defense, the Department of Homeland Security and the Centers for Disease Control. Internationally, we sell to a mixture of end users directly, and to industrial distributors depending on the particular country and market. In addition to the United States, sales are made into more than 50 foreign countries, the majority of which were into China, the European Economic Community ("EEC"), Canada, Chile, Argentina, Russia, Kazakhstan, Colombia, Mexico, Ecuador, India, Uruguay, Middle East and Southeast Asia.

For more information concerning Lakeland, please visit the Company online at www.lakeland.com.

Contacts:
Lakeland Industries, Inc.
256-600-1390
Roger Shannon
rdshannon@lakeland.com

"Safe Harbor" Statement under the Private Securities Litigation Reform Act of 1995
This press release contains "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, which address Lakeland's expectations of sources or uses for capital or which express the Company's expectation for the future with respect to financial performance or operating strategies, including statements regarding payment of a quarterly dividend, can be identified as forward-looking statements. Forward-looking statements involve risks, uncertainties and assumptions as described from time to time in Press Releases and Forms 8-K, registration statements, quarterly and annual reports and other reports and filings filed with the Securities and Exchange Commission or made by management. As a result, there can be no assurance that Lakeland's future results will not be materially different from those described herein as "believed," "projected," "planned," "intended," "anticipated," "can," "estimated" or "expected," or other words which reflect the current view of the Company with respect to future events. We caution readers that these forward-looking statements speak only as of the date hereof. The Company hereby expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which such statement is based, except as may be required by law.

SOURCE: Lakeland Industries, Inc.

View the original press release on accesswire.com

What is the cash dividend declared by Lakeland Industries, Inc. for its fiscal first quarter of 2025?

Lakeland Industries, Inc. has declared a cash dividend of $0.03 per share.

When will the dividend be paid to stockholders?

The dividend will be paid on February 22, 2024.

Who is eligible to receive the dividend?

Stockholders of record as of February 15, 2024, are eligible to receive the dividend.