Lake City Bank Parent Company Announces 4% Increase In Quarterly Dividend
January 13, 2024 at 1:00 a.m.
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 2024 of $0.48 per share, payable Feb. 5, 2024, to shareholders of record as of Jan. 25, 2024. The quarterly dividend represents a 4% increase over the quarterly dividend rate of $0.46 per share paid in 2023.
“Lake City Bank’s consistently strong operating performance has contributed to an exceptionally strong capital base. Our dividend increase reflects both our confidence in the future and our success over a very long period of time,” stated David M. Findlay, chairman and chief executive officer.
Lake City Bank, a $6.4 billion bank headquartered in Warsaw, is the seventh largest bank headquartered in the state, and the largest bank 100% invested in Indiana. Lake City Bank operates 53 branch offices in northern and central Indiana, delivering technology-driven solutions in a client-centric way to individuals and businesses.
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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 2024 of $0.48 per share, payable Feb. 5, 2024, to shareholders of record as of Jan. 25, 2024. The quarterly dividend represents a 4% increase over the quarterly dividend rate of $0.46 per share paid in 2023.
“Lake City Bank’s consistently strong operating performance has contributed to an exceptionally strong capital base. Our dividend increase reflects both our confidence in the future and our success over a very long period of time,” stated David M. Findlay, chairman and chief executive officer.
Lake City Bank, a $6.4 billion bank headquartered in Warsaw, is the seventh largest bank headquartered in the state, and the largest bank 100% invested in Indiana. Lake City Bank operates 53 branch offices in northern and central Indiana, delivering technology-driven solutions in a client-centric way to individuals and businesses.