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Lakeland Financial Corp. (NASDAQ:LKFN), a $1.67 billion market cap financial institution, announced Tuesday that its Board of Directors has declared a quarterly cash dividend of $0.50 per share on its common stock, representing a 3.1% yield. The dividend is scheduled to be paid on August 5, 2025, to shareholders of record as of July 25, 2025. According to InvestingPro, the company has maintained dividend payments for 31 consecutive years, with 11 straight years of dividend increases.
The announcement was made in a press release statement included in a filing with the Securities and Exchange Commission. Lakeland Financial, based in Warsaw, Indiana, is listed on The Nasdaq Stock Market.
No additional financial details or forward-looking statements were provided in the filing.
In other recent news, Lakeland Financial Corporation reported several key developments that may interest investors. The company announced a quarterly cash dividend of $0.50 per share, payable on May 5, 2025, to shareholders of record as of April 25, 2025. Additionally, Lakeland Financial has extended its stock repurchase program through April 30, 2027, with the authority to repurchase up to $30 million worth of shares. In another significant update, shareholders approved the 2025 Equity Incentive Plan, which allows for a mix of cash-based and equity-based incentives to align with shareholder interests. This plan, ratified during the Annual Meeting, underscores the company’s strategic focus on attracting and retaining key talent.
Furthermore, the shareholders re-elected all proposed directors and ratified Crowe LLP as the independent accounting firm for the fiscal year ending December 31, 2025. In efforts to strengthen governance, Lake City Bank, a subsidiary of Lakeland Financial, appointed Dan Starr and Mindy Creighton Truex to its Board of Directors. These appointments are intended to bolster the bank’s community engagement and governance. The recent shareholder votes and board appointments highlight Lakeland Financial’s ongoing commitment to enhancing shareholder value and community involvement.
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