Lake City Bank Parent Announces 15% Increase in Quarterly Dividend
On January 10, 2023, Lakeland Financial Corporation (Nasdaq Global Select/LKFN) announced a quarterly cash dividend of $0.46 per share for Q1 2023, marking a 15% increase from the $0.40 per share dividend paid in 2022. The dividend will be payable on February 6, 2023, to shareholders of record as of January 25, 2023. President and CEO David M. Findlay expressed confidence in the company's financial health and capital foundation, enabling this increase. Lake City Bank, part of Lakeland, is the largest bank fully invested in Indiana.
- Quarterly cash dividend increased by 15% to $0.46 per share.
- Strong capital foundation supports dividend increase.
- None.
WARSAW, Ind., Jan. 10, 2023 (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 2023 of
"We are pleased to announce another healthy increase to our dividend rate. Our consistent long-term operating performance and a strong capital foundation provide the capacity to comfortably increase dividends to shareholders," commented David M. Findlay, President and Chief Executive Officer.
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
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