Lake City Bank Parent Announces 4% Increase In Quarterly Dividend
January 18, 2025 at 1:00 a.m.
Lakeland Financial Corporation, parent company of Lake City Bank, announced the board of directors approved a quarterly cash dividend for the first quarter of 2025 of $0.50 per share, payable Feb. 5, to shareholders of record as of Jan. 25. The quarterly dividend represents a 4% increase over the quarterly dividend rate of $0.48 per share paid in 2024.
"We are pleased to announce another increase to our common stock dividend. Our compounded annual growth rate has been 11% over the last five years contributing meaningfully to our total return to shareholders," commented David M. Findlay, chairman and chief executive officer. "Our capital provides a solid foundation for continued organic loan growth as well as making it possible to increase our dividend for shareholders."
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Lakeland Financial Corporation, parent company of Lake City Bank, announced the board of directors approved a quarterly cash dividend for the first quarter of 2025 of $0.50 per share, payable Feb. 5, to shareholders of record as of Jan. 25. The quarterly dividend represents a 4% increase over the quarterly dividend rate of $0.48 per share paid in 2024.
"We are pleased to announce another increase to our common stock dividend. Our compounded annual growth rate has been 11% over the last five years contributing meaningfully to our total return to shareholders," commented David M. Findlay, chairman and chief executive officer. "Our capital provides a solid foundation for continued organic loan growth as well as making it possible to increase our dividend for shareholders."