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Lakeland Financial Corporation operates as the bank holding company for Lake City Bank that provides various banking products and services. The company accepts various deposit products, such as noninterest bearing, interest-bearing checking, savings, money market, NOW, and demand deposits. Its loan products include commercial and industrial, commercial real estate and multi-family residential, agri-business and agricultural, consumer 1-4 family mortgage, and other consumer loans. The company also offers retail and merchant credit card services; corporate treasury management, wealth advisory, and trust services; retail brokerage services, including various financial and investment products, such as annuities and life insurance; and mobile business banking and on-line treasury management services. It serves commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services, and health care industries. As of December 31, 2021, the company operated 51 offices in fifteen counties, including 45 offices in northern Indiana and six offices in central Indiana. Lakeland Financial Corporation was founded in 1872 and is headquartered in Warsaw, Indiana.

Lakeland Financial Dividend Announcement

Lakeland Financial announced a quarterly dividend of $0.48 per ordinary share which will be made payable on 2024-08-05. Ex dividend date: 2024-07-25
Lakeland Financial annual dividend for 2024 was $1.44
Lakeland Financial annual dividend for 2023 was $1.84
Lakeland Financial's trailing twelve-month (TTM) dividend yield is 3.05%
Lakeland Financial's payout ratio for the trailing twelve months (TTM) is 47.81%
Lakeland Financial's dividend growth over the last five years (2018-2023) was 12.97% year
Lakeland Financial's dividend growth over the last ten years (2013-2023) was 12.43% year

Lakeland Financial Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-07-25$0.48quarterly2024-08-05
2024-04-24$0.48quarterly2024-05-06
2024-01-24$0.48quarterly2024-02-05
2023-10-24$0.46quarterly2023-11-06
2023-07-24$0.46quarterly2023-08-07
2023-04-24$0.46quarterly2023-05-05
2023-01-24$0.46quarterly2023-02-06
2022-10-24$0.40quarterly2022-11-07
2022-07-22$0.40quarterly2022-08-05
2022-04-22$0.40quarterly2022-05-05
2022-01-24$0.40quarterly2022-02-07
2021-10-22$0.34quarterly2021-11-05
2021-07-22$0.34quarterly2021-08-05
2021-04-22$0.34quarterly2021-05-05
2021-01-22$0.34quarterly2021-02-05
2020-10-22$0.30quarterly2020-11-05
2020-07-23$0.30quarterly2020-08-05
2020-04-23$0.30quarterly2020-05-05
2020-01-23$0.30quarterly2020-02-05
2019-10-24$0.30quarterly2019-11-05
2019-07-24$0.30quarterly2019-08-05
2019-04-24$0.30quarterly2019-05-06
2019-01-24$0.26quarterly2019-02-05
2018-10-24$0.26quarterly2018-11-05
2018-07-24$0.26quarterly2018-08-06
2018-04-24$0.26quarterly2018-05-07
2018-01-24$0.22quarterly2018-02-05
2017-10-24$0.22quarterly2017-11-06
2017-07-21$0.22quarterly2017-08-07
2017-04-21$0.22quarterly2017-05-05
2017-01-23$0.19quarterly2017-02-06
2016-10-21$0.19quarterly2016-11-07
2016-07-21$0.28quarterly2016-08-05
2016-04-21$0.28quarterly2016-05-05
2016-01-21$0.24quarterly2016-02-05
2015-10-21$0.24quarterly2015-11-05
2015-07-22$0.24quarterly2015-08-05
2015-04-22$0.24quarterly2015-05-05
2015-01-21$0.21quarterly2015-02-05
2014-10-22$0.21quarterly2014-11-05
2014-07-23$0.21quarterly2014-08-05
2014-04-23$0.21quarterly2014-05-05
2014-01-22$0.19quarterly2014-02-05
2013-10-23$0.19quarterly2013-11-05
2013-07-23$0.19quarterly2013-08-05
2013-04-23$0.19quarterly2013-05-06

Lakeland Financial Dividend per year

Lakeland Financial Dividend growth

Lakeland Financial Dividend Yield

Lakeland Financial current trailing twelve-month (TTM) dividend yield is 3.05%. Interested in purchasing Lakeland Financial stock? Use our calculator to estimate your expected dividend yield:

Lakeland Financial Financial Ratios

P/E ratio15.85
PEG ratio0.70
P/B ratio2.44
ROE16.08%
Payout ratio47.81%
Current ratio0.12
Quick ratio0.24
Cash Ratio0.09

Lakeland Financial Dividend FAQ

How much is the next Lakeland Financial dividend?
Lakeland Financial'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 Financial dividend. The next Lakeland Financial dividend will be released in January, April, July, or October.
When is Lakeland Financial dividend paid?
Lakeland Financial pays dividends on a quarterly basis. The specific dates may vary each year but are generally around January, April, July, and October. 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 Financial pay?
The specific amount of Lakeland Financial 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 Financial's dividend history.
Does Lakeland Financial stock pay dividends?
Yes, Lakeland Financial 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 Financial's dividend history.
How much dividend does Lakeland Financial pay?
Lakeland Financial paid $1.44 in 2024, $1.84 in 2023, $1.6 in 2022, $1.36 in 2021, and $1.2 in 2020.
How often does Lakeland Financial pay dividends?
Lakeland Financial 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 January, April, July, and October.
What is Lakeland Financial's dividend yield?
The current dividend yield for Lakeland Financial is 3.05%. 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 Financial's exact dividend yield.
When does Lakeland Financial go ex dividend?
Lakeland Financial's ex-dividend date for the latest dividend was on 2024-07-25. Lakeland Financial 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 Financial dividend paid?
Lakeland Financial pays dividends on a quarterly basis, typically around January, April, July, or October, but the exact dates can vary each year.
Will Lakeland Financial 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 Financial 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 Financial dividend per share?
Lakeland Financial paid $1.44 per share in 2024 and $1.84 per share in 2023. The amount of dividend per share that Lakeland Financial 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 Financial 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 Financial 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 Financial a dividend stock?
Yes, Lakeland Financial is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Lakeland Financial a good dividend stock?
Whether Lakeland Financial 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 Financial has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Lakeland Financial 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 Financial pay dividends monthly?
Lakeland Financial typically pays dividends on a quarterly basis.
Does Lakeland Financial pay dividends quarterly?
Lakeland Financial currently pays dividends on a quarterly basis.
Has Lakeland Financial ever paid a dividend?
Yes, Lakeland Financial has a history of paying dividends to its shareholders. Lakeland Financial is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Lakeland Financial dividend stocks?
To buy Lakeland Financial 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 Financial 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 Financial pay dividends 2024?
Lakeland Financial pays dividends on a quarterly basis. 2024 dividend payments are in 2024-08-05. 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 Financial increase its dividend in 2024?
Decisions regarding Lakeland Financial 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 Financial dividend overview you can look into the above table of dividend history.
How Lakeland Financial dividend works?
The Lakeland Financial 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 Financial's dividend process works:

1. Determination of Dividend: Lakeland Financial'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 Financial 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 Financial 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 Financial 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 Financial dividends paid?
Lakeland Financial dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Lakeland Financial 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 Financial 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 Financial 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 Financial pay dividends?
Lakeland Financial 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 Financial pay dividends?
The general pattern is that Lakeland Financial pays dividends around January, April, July, and October. 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 Financial dividend safe?
The safety of Lakeland Financial'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 Financial'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 Financial'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.