Lake City Bank Parent Announces 15% Increase In Quarterly Dividend
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Lakeland Financial Corporation, parent company of Lake City Bank, announced that the Board of Directors approved a quarterly cash dividend for the first quarter of 2023 of $0.46 per share, payable Feb. 6, 2023, to shareholders of record as of Jan. 25, 2023.
The quarterly dividend represents a 15% increase over the quarterly dividend rate of $0.40 per share paid in 2022.
"We are pleased to announce another healthy increase to our dividend rate. Our consistent long-term operating performance and a strong capital foundation provide the capacity to comfortably increase dividends to shareholders," said David M. Findlay, president and chief executive officer.
