On August 07, 2023, Lakeland Financial LKFN will distribute a dividend payout of $0.46 per share, equating to an annualized dividend yield of 3.85%. Shareholders who owned the stock before the ex-dividend date on July 24, 2023 will receive this payout.
Lakeland Financial Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-07-24 | 4 | $0.46 | 3.85% | 2023-07-11 | 2023-07-25 | 2023-08-07 |
| 2023-04-24 | 4 | $0.46 | 3.06% | 2023-04-11 | 2023-04-25 | 2023-05-05 |
| 2023-01-24 | 4 | $0.46 | 2.56% | 2023-01-10 | 2023-01-25 | 2023-02-06 |
| 2022-10-24 | 4 | $0.4 | 2.17% | 2022-10-11 | 2022-10-25 | 2022-11-07 |
| 2022-07-22 | 4 | $0.4 | 2.34% | 2022-07-12 | 2022-07-25 | 2022-08-05 |
| 2022-04-22 | 4 | $0.4 | 2.18% | 2022-04-12 | 2022-04-25 | 2022-05-05 |
| 2022-01-24 | 4 | $0.4 | 1.92% | 2022-01-11 | 2022-01-25 | 2022-02-07 |
| 2021-10-22 | 4 | $0.34 | 1.85% | 2021-10-12 | 2021-10-25 | 2021-11-05 |
| 2021-07-22 | 4 | $0.34 | 2.23% | 2021-07-13 | 2021-07-25 | 2021-08-05 |
| 2021-04-22 | 4 | $0.34 | 1.96% | 2021-04-13 | 2021-04-25 | 2021-05-05 |
| 2021-01-22 | 4 | $0.34 | 2.28% | 2021-01-13 | 2021-01-25 | 2021-02-05 |
| 2020-10-22 | 4 | $0.3 | 2.57% | 2020-10-13 | 2020-10-25 | 2020-11-05 |
In terms of dividend yield, Lakeland Financial finds itself in the middle ground among its industry peers, while Northwest Bancshares NWBI takes the lead with the highest annualized dividend yield at 6.66%.
Analyzing Lakeland Financial Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $1.16 in 2019 to $1.60 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Lakeland Financial
From 2019 to 2022, Lakeland Financial has demonstrated an upward trend in earnings, with earnings per share rising from $3.35 to $3.98. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
This article takes an in-depth look at Lakeland Financial's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.46 per share today, translating to an annualized dividend yield of 3.85%.
In terms of dividend yield, Lakeland Financial finds itself in the middle ground among its industry peers, while Northwest Bancshares takes the lead with the highest annualized dividend yield at 6.66%.
The increase in both dividend per share and earnings per share from 2019 to 2022 for Lakeland Financial indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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