Lake City Bank Parent Announces 4% Increase in Quarterly Dividend
Rhea-AI Summary
Lakeland Financial (LKFN), parent company of Lake City Bank, has announced a 4% increase in its quarterly dividend to $0.50 per share, up from $0.48 in 2024. The dividend will be payable on February 5, 2025, to shareholders of record as of January 25, 2025.
The company highlighted its impressive 11% compound annual growth rate in dividends over the past five years. Lake City Bank, founded in 1872, operates 54 branch offices throughout Central and Northern Indiana, with assets of $6.7 billion. The bank emphasizes building long-term customer relationships while offering advanced digital banking solutions for both retail and commercial clients.
Positive
- 4% increase in quarterly dividend to $0.50 per share
- 11% compound annual dividend growth rate over past 5 years
- Strong capital position supporting organic loan growth
- $6.7 billion in total assets
Negative
- None.
News Market Reaction – LKFN
On the day this news was published, LKFN gained 3.50%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
“We are pleased to announce another increase to our common stock dividend. Our compounded annual growth rate has been
Lake City Bank, a
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Contact
Lisa M. O’Neill
Executive Vice President and Chief Financial Officer
(574) 267-9125
lisa.oneill@lakecitybank.com
FAQ
What is LKFN's new quarterly dividend amount for Q1 2025?
When will LKFN pay its Q1 2025 dividend?
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