Lakeland Bancorp, Inc. operates as the bank holding company for Lakeland Bank that offers various banking products and services for individuals and small to medium sized businesses. The company provides commercial banking services, including savings, money market, and time accounts, as well as demand deposits. It is also involved in lending services, including commercial real estate loans, commercial and industrial loans, short and medium term loans, lines of credit, letters of credit, inventory and accounts receivable financing, real estate construction loans, residential mortgage loans, Small Business Administration (SBA) loans, and merchant credit card services; financing solutions to small and medium-sized companies; online banking, mobile banking, and wire transfer services; and cash management services, such as remote capture of deposits and overnight sweep repurchase agreements. In addition, it provides consumer banking services, which include checking accounts, savings accounts, interest-bearing checking accounts, money market accounts, certificates of deposit, online banking, secured and unsecured loans, consumer installment loans, mortgage loans, and safe deposit services. Further, the company offers investment advisory services for individuals and businesses; and securities brokerage services, including mutual funds and variable annuities, as well as commercial title insurance services and life insurance products. As of December 31, 2021, it operated 48 branch offices located throughout Bergen, Essex, Morris, Ocean, Passaic, Somerset, Sussex, and Union counties in New Jersey and in Highland Mills, New York; operated six New Jersey regional commercial lending centers in Bernardsville, Iselin, Jackson, Montville, Teaneck and Waldwick; and one New York commercial lending center to serve the Hudson Valley region. The company was incorporated in 1969 and is headquartered in Oak Ridge, New Jersey.
Lakeland Bancorp Dividend Announcement
• Lakeland Bancorp announced a quarterly dividend of $0.14 per ordinary share which will be made payable on 2024-05-08. Ex dividend date: 2024-04-26
• Lakeland Bancorp annual dividend for 2024 was $0.29
• Lakeland Bancorp annual dividend for 2023 was $0.58
• Lakeland Bancorp's trailing twelve-month (TTM) dividend yield is 2.16%
• Lakeland Bancorp's payout ratio for the trailing twelve months (TTM) is 44.96%
• Lakeland Bancorp's dividend growth over the last five years (2018-2023) was 5.44% year
• Lakeland Bancorp's dividend growth over the last ten years (2013-2023) was 7.63% year
Lakeland Bancorp Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-04-26 | $0.14 | quarterly | 2024-05-08 |
| 2024-02-02 | $0.14 | quarterly | 2024-02-15 |
| 2023-11-03 | $0.14 | quarterly | 2023-11-16 |
| 2023-08-04 | $0.14 | quarterly | 2023-08-16 |
| 2023-05-05 | $0.14 | quarterly | 2023-05-17 |
| 2023-02-03 | $0.14 | quarterly | 2023-02-16 |
| 2022-11-04 | $0.14 | quarterly | 2022-11-17 |
| 2022-08-05 | $0.14 | quarterly | 2022-08-17 |
| 2022-05-06 | $0.14 | quarterly | 2022-05-18 |
| 2022-02-04 | $0.14 | quarterly | 2022-02-17 |
| 2021-11-04 | $0.14 | quarterly | 2021-11-15 |
| 2021-07-30 | $0.14 | quarterly | 2021-08-13 |
| 2021-05-06 | $0.14 | quarterly | 2021-05-18 |
| 2021-02-05 | $0.12 | quarterly | 2021-02-17 |
| 2020-11-02 | $0.12 | quarterly | 2020-11-13 |
| 2020-07-31 | $0.12 | quarterly | 2020-08-17 |
| 2020-05-08 | $0.12 | quarterly | 2020-05-20 |
| 2020-02-03 | $0.12 | quarterly | 2020-02-14 |
| 2019-11-01 | $0.12 | quarterly | 2019-11-15 |
| 2019-08-02 | $0.12 | quarterly | 2019-08-15 |
| 2019-05-08 | $0.12 | quarterly | 2019-05-17 |
| 2019-02-07 | $0.12 | quarterly | 2019-02-15 |
| 2018-11-02 | $0.12 | quarterly | 2018-11-15 |
| 2018-08-03 | $0.12 | quarterly | 2018-08-15 |
| 2018-05-04 | $0.12 | quarterly | 2018-05-15 |
| 2018-02-02 | $0.10 | quarterly | 2018-02-15 |
| 2017-11-03 | $0.10 | quarterly | 2017-11-15 |
| 2017-07-27 | $0.10 | quarterly | 2017-08-15 |
| 2017-05-03 | $0.10 | quarterly | 2017-05-16 |
| 2017-02-03 | $0.10 | quarterly | 2017-02-17 |
| 2016-11-03 | $0.10 | quarterly | 2016-11-15 |
| 2016-08-01 | $0.10 | quarterly | 2016-08-12 |
| 2016-05-04 | $0.10 | quarterly | 2016-05-16 |
| 2016-02-08 | $0.09 | quarterly | 2016-02-17 |
| 2015-11-04 | $0.09 | quarterly | 2015-11-16 |
| 2015-07-31 | $0.09 | quarterly | 2015-08-14 |
| 2015-04-30 | $0.09 | quarterly | 2015-05-15 |
| 2015-02-06 | $0.07 | quarterly | 2015-02-17 |
| 2014-10-30 | $0.07 | quarterly | 2014-11-14 |
| 2014-07-31 | $0.07 | quarterly | 2014-08-15 |
| 2014-05-06 | $0.07 | quarterly | 2014-05-15 |
| 2014-02-06 | $0.07 | quarterly | 2014-02-18 |
| 2013-11-01 | $0.07 | quarterly | 2013-11-15 |
| 2013-08-01 | $0.07 | quarterly | 2013-08-15 |
| 2013-04-26 | $0.07 | quarterly | 2013-05-15 |
| 2013-01-29 | $0.07 | quarterly | 2013-02-15 |
Lakeland Bancorp Dividend per year
Lakeland Bancorp Dividend growth
Lakeland Bancorp Dividend Yield
Lakeland Bancorp current trailing twelve-month (TTM) dividend yield is 2.16%. Interested in purchasing Lakeland Bancorp stock? Use our calculator to estimate your expected dividend yield:
Lakeland Bancorp Financial Ratios
P/E ratio10.32
PEG ratio-7.43
P/B ratio0.74
ROE7.34%
Payout ratio44.96%
Current ratio0.03
Quick ratio0.06
Cash Ratio0.02
Lakeland Bancorp Dividend FAQ
How much is the next Lakeland Bancorp dividend?
Lakeland Bancorp's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Lakeland Bancorp dividend. The next Lakeland Bancorp dividend will be released in February, May, August, or November.
When is Lakeland Bancorp dividend paid?
Lakeland Bancorp pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Lakeland Bancorp pay?
The specific amount of Lakeland Bancorp dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Lakeland Bancorp's dividend history.
Does Lakeland Bancorp stock pay dividends?
Yes, Lakeland Bancorp does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Lakeland Bancorp's dividend history.
How much dividend does Lakeland Bancorp pay?
Lakeland Bancorp paid $0.29 in 2024, $0.58 in 2023, $0.57 in 2022, $0.53 in 2021, and $0.5 in 2020.
How often does Lakeland Bancorp pay dividends?
Lakeland Bancorp typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Lakeland Bancorp's dividend yield?
The current dividend yield for Lakeland Bancorp is 2.16%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Lakeland Bancorp's exact dividend yield.
When does Lakeland Bancorp go ex dividend?
Lakeland Bancorp's ex-dividend date for the latest dividend was on 2024-04-26. Lakeland Bancorp typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Lakeland Bancorp dividend paid?
Lakeland Bancorp pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Lakeland Bancorp increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Lakeland Bancorp will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Lakeland Bancorp dividend per share?
Lakeland Bancorp paid $0.29 per share in 2024 and $0.58 per share in 2023. The amount of dividend per share that Lakeland Bancorp pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Lakeland Bancorp a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Lakeland Bancorp a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Lakeland Bancorp a dividend stock?
Yes, Lakeland Bancorp is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Lakeland Bancorp a good dividend stock?
Whether Lakeland Bancorp is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Lakeland Bancorp has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Lakeland Bancorp as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating Lakeland Bancorp as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Lakeland Bancorp pay dividends monthly?
Lakeland Bancorp typically pays dividends on a quarterly basis.
Does Lakeland Bancorp pay dividends quarterly?
Lakeland Bancorp currently pays dividends on a quarterly basis.
Has Lakeland Bancorp ever paid a dividend?
Yes, Lakeland Bancorp has a history of paying dividends to its shareholders. Lakeland Bancorp is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Lakeland Bancorp dividend stocks?
To buy Lakeland Bancorp you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Lakeland Bancorp stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy Lakeland Bancorp stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Lakeland Bancorp pay dividends 2024?
Lakeland Bancorp pays dividends on a quarterly basis. 2024 dividend payments are in 2024-05-08. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Lakeland Bancorp increase its dividend in 2024?
Decisions regarding Lakeland Bancorp dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Lakeland Bancorp dividend overview you can look into the above table of dividend history.
How Lakeland Bancorp dividend works?
The Lakeland Bancorp dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Lakeland Bancorp's dividend process works:
1. Determination of Dividend: Lakeland Bancorp's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Lakeland Bancorp publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Lakeland Bancorp distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Lakeland Bancorp are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: Lakeland Bancorp's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Lakeland Bancorp publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Lakeland Bancorp distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Lakeland Bancorp are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Lakeland Bancorp dividends paid?
Lakeland Bancorp dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Lakeland Bancorp sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Lakeland Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Lakeland Bancorp declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: Lakeland Bancorp sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Lakeland Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Lakeland Bancorp declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Lakeland Bancorp pay dividends?
Lakeland Bancorp typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Lakeland Bancorp pay dividends?
The general pattern is that Lakeland Bancorp pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Lakeland Bancorp dividend safe?
The safety of Lakeland Bancorp's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Lakeland Bancorp's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Lakeland Bancorp's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of Lakeland Bancorp's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Lakeland Bancorp's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.