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 2024-11-05. Ex dividend date: 2024-10-25
• Lakeland Financial annual dividend for 2024 was $1.92
• Lakeland Financial annual dividend for 2023 was $1.84
• Lakeland Financial's trailing twelve-month (TTM) dividend yield is 3.73%
• Lakeland Financial's payout ratio for the trailing twelve months (TTM) is 49.28%
• 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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-25 | $0.48 | quarterly | 2024-11-05 |
2024-07-25 | $0.48 | quarterly | 2024-08-05 |
2024-04-24 | $0.48 | quarterly | 2024-05-06 |
2024-01-24 | $0.48 | quarterly | 2024-02-05 |
2023-10-24 | $0.46 | quarterly | 2023-11-06 |
2023-07-24 | $0.46 | quarterly | 2023-08-07 |
2023-04-24 | $0.46 | quarterly | 2023-05-05 |
2023-01-24 | $0.46 | quarterly | 2023-02-06 |
2022-10-24 | $0.40 | quarterly | 2022-11-07 |
2022-07-22 | $0.40 | quarterly | 2022-08-05 |
2022-04-22 | $0.40 | quarterly | 2022-05-05 |
2022-01-24 | $0.40 | quarterly | 2022-02-07 |
2021-10-22 | $0.34 | quarterly | 2021-11-05 |
2021-07-22 | $0.34 | quarterly | 2021-08-05 |
2021-04-22 | $0.34 | quarterly | 2021-05-05 |
2021-01-22 | $0.34 | quarterly | 2021-02-05 |
2020-10-22 | $0.30 | quarterly | 2020-11-05 |
2020-07-23 | $0.30 | quarterly | 2020-08-05 |
2020-04-23 | $0.30 | quarterly | 2020-05-05 |
2020-01-23 | $0.30 | quarterly | 2020-02-05 |
2019-10-24 | $0.30 | quarterly | 2019-11-05 |
2019-07-24 | $0.30 | quarterly | 2019-08-05 |
2019-04-24 | $0.30 | quarterly | 2019-05-06 |
2019-01-24 | $0.26 | quarterly | 2019-02-05 |
2018-10-24 | $0.26 | quarterly | 2018-11-05 |
2018-07-24 | $0.26 | quarterly | 2018-08-06 |
2018-04-24 | $0.26 | quarterly | 2018-05-07 |
2018-01-24 | $0.22 | quarterly | 2018-02-05 |
2017-10-24 | $0.22 | quarterly | 2017-11-06 |
2017-07-21 | $0.22 | quarterly | 2017-08-07 |
2017-04-21 | $0.22 | quarterly | 2017-05-05 |
2017-01-23 | $0.19 | quarterly | 2017-02-06 |
2016-10-21 | $0.19 | quarterly | 2016-11-07 |
2016-07-21 | $0.28 | quarterly | 2016-08-05 |
2016-04-21 | $0.28 | quarterly | 2016-05-05 |
2016-01-21 | $0.24 | quarterly | 2016-02-05 |
2015-10-21 | $0.24 | quarterly | 2015-11-05 |
2015-07-22 | $0.24 | quarterly | 2015-08-05 |
2015-04-22 | $0.24 | quarterly | 2015-05-05 |
2015-01-21 | $0.21 | quarterly | 2015-02-05 |
2014-10-22 | $0.21 | quarterly | 2014-11-05 |
2014-07-23 | $0.21 | quarterly | 2014-08-05 |
2014-04-23 | $0.21 | quarterly | 2014-05-05 |
2014-01-22 | $0.19 | quarterly | 2014-02-05 |
2013-10-23 | $0.19 | quarterly | 2013-11-05 |
2013-07-23 | $0.19 | quarterly | 2013-08-05 |
2013-04-23 | $0.19 | quarterly | 2013-05-06 |
Lakeland Financial Dividend per year
Lakeland Financial Dividend growth
Lakeland Financial Dividend Yield
Lakeland Financial current trailing twelve-month (TTM) dividend yield is 3.73%. Interested in purchasing Lakeland Financial stock? Use our calculator to estimate your expected dividend yield:
Lakeland Financial Financial Ratios
Lakeland Financial Dividend FAQ
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.
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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.
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.
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.