Lakeland Fire + Safety Declares Cash Dividend for First Quarter 2026

Rhea-AI Summary

Lakeland Industries (NASDAQ: LAKE), a global manufacturer of protective clothing and apparel, has announced a quarterly cash dividend declaration. The company's Board of Directors has approved a dividend of $0.03 per share for its fiscal first quarter of 2026. The dividend will be distributed on February 24, 2025, to shareholders who are recorded as stockholders as of February 17, 2025.

Positive

• Continued dividend payment demonstrates financial stability
• Maintains shareholder return policy

Negative

• None.

Insights

Financial Analyst

Lakeland's latest quarterly dividend declaration of $0.03 per share maintains their established dividend program, projecting an annual yield of 0.52%. While modest compared to the industrial sector average, this consistent payout signals financial stability and management's confidence in sustained cash flow generation.

The early announcement for Q1 2026, made well in advance, demonstrates strong forward visibility in their business model and commitment to shareholder returns. For protective clothing manufacturers, maintaining such predictable dividend policies is particularly noteworthy given the cyclical nature of their end markets and the need to balance working capital for inventory management.

The conservative payout ratio allows Lakeland to maintain financial flexibility for potential market opportunities, inventory investments and possible M&A activities while providing a steady, albeit modest, income stream to shareholders. This approach aligns with the company's position as a leading manufacturer in the protective equipment sector, where maintaining operational agility is important for responding to market demands and regulatory changes.

HUNTSVILLE, Ala., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Lakeland Industries, Inc. (“Lakeland Fire + Safety” or “Lakeland”) (NASDAQ: LAKE), a leading global manufacturer of protective clothing and apparel for industry, healthcare and first responders, today announced that its Board of Directors declared a cash dividend for its fiscal first quarter of 2026 of $0.03 per share. The dividend will be paid on February 24, 2025, to stockholders of record as of February 17, 2025.

About Lakeland Fire + Safety

Lakeland Fire + Safety manufactures and sells a comprehensive line of fire services and industrial protective clothing and accessories for the industrial and first responder markets. Our products are sold globally by our in-house sales teams, our customer service group, and authorized independent sales representatives to a strategic global network of selective fire and industrial distributors and wholesale partners. 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, Southeast Asia, Australia, Hong Kong and New Zealand.

For more information concerning Lakeland, please visit the Company online at www.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 the public offering and the use of proceeds therefrom, 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.

Contacts
Lakeland Fire + Safety
256-600-1390
Roger Shannon
Chief Financial Officer
rdshannon@lakeland.com

Investor Relations
Chris Tyson
Executive Vice President
MZ Group - MZ North America
949-491-8235
LAKE@mzgroup.us
www.mzgroup.us

FAQ

What is the dividend amount declared by Lakeland Industries (LAKE) for Q1 2026?

Lakeland Industries (LAKE) declared a dividend of $0.03 per share for the first quarter of fiscal 2026.

When is the payment date for LAKE's Q1 2026 dividend?

The dividend payment date is February 24, 2025.

What is the record date for Lakeland Industries' Q1 2026 dividend?

The record date for the dividend is February 17, 2025.

How often does Lakeland Industries (LAKE) pay dividends?

Based on this announcement, Lakeland Industries pays quarterly dividends, with this declaration being for the first quarter of fiscal 2026.