Lakeland Industries, Inc. manufactures and sells industrial protective clothing and accessories for the industrial and public protective clothing market worldwide. It offers limited use/disposable protective clothing, such as coveralls, laboratory coats, shirts, pants, hoods, aprons, sleeves, arm guards, caps, and smocks; high-end chemical protective suits to provide protection from highly concentrated, toxic and/or lethal chemicals, and biological toxins; and firefighting and heat protective apparel to protect against fire. The company also provides durable woven garments, including electrostatic dissipative apparel used in electronics clean rooms; flame resistant meta aramid, para aramid, and FR cotton coveralls/pants/jackets used in petrochemical, refining operations, and electrical utilities; FR fabrics; and cotton and polycotton coveralls, lab coats, pants, and shirts. In addition, it provides high visibility clothing comprising reflective apparel, including vests, T-shirts, sweatshirts, jackets, coats, raingear, jumpsuits, hats, and gloves; and gloves and sleeves that are used in the automotive, glass, and metal fabrication industries. The company sells its products to a network of approximately 1,600 safety and industrial supply distributors through in-house sales teams, customer service group, and independent sales representatives. It serves end users, such as integrated oil, chemical/petrochemical, automobile, steel, glass, construction, smelting, cleanroom, janitorial, pharmaceutical, and high technology electronics manufacturers, as well as scientific, medical laboratories, and the utilities industry; and federal, state, and local governmental agencies and departments. The company was incorporated in 1982 and is headquartered in Huntsville, Alabama.
Lakeland Industries Dividend Announcement
• Lakeland Industries announced a quarterly dividend of $0.03 per ordinary share which will be made payable on 2024-08-22. Ex dividend date: 2024-08-15
• Lakeland Industries annual dividend for 2024 was $0.09
• Lakeland Industries annual dividend for 2023 was $0.12
• Lakeland Industries's trailing twelve-month (TTM) dividend yield is 0.61%
• Lakeland Industries's payout ratio for the trailing twelve months (TTM) is 46.09%
Lakeland Industries Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-08-15 | $0.03 | quarterly | 2024-08-22 |
| 2024-05-14 | $0.03 | quarterly | |
| 2024-02-14 | $0.03 | quarterly | 2024-02-22 |
| 2023-11-14 | $0.03 | quarterly | 2023-11-22 |
| 2023-08-14 | $0.03 | quarterly | 2023-08-22 |
| 2023-05-12 | $0.03 | quarterly | 2023-05-22 |
| 2023-02-14 | $0.03 | quarterly | 2023-02-22 |
Lakeland Industries Dividend per year
Lakeland Industries Dividend Yield
Lakeland Industries current trailing twelve-month (TTM) dividend yield is 0.61%. Interested in purchasing Lakeland Industries stock? Use our calculator to estimate your expected dividend yield:
Lakeland Industries Financial Ratios
Lakeland Industries Dividend FAQ
1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.
2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.
3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.
4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.
5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
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