Investors eagerly anticipate the dividend payout from Lakeland Bancorp LBAI on November 16, 2023. With a payout of $0.14 per share and an annualized dividend yield of 5.22%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on November 03, 2023
Lakeland Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-03 | 4 | $0.14 | 5.22% | 2023-10-24 | 2023-11-06 | 2023-11-16 |
| 2023-08-04 | 4 | $0.14 | 3.74% | 2023-07-25 | 2023-08-07 | 2023-08-16 |
| 2023-05-05 | 4 | $0.14 | 3.93% | 2023-04-25 | 2023-05-08 | 2023-05-17 |
| 2023-02-03 | 4 | $0.14 | 3.14% | 2023-01-24 | 2023-02-06 | 2023-02-16 |
| 2022-11-04 | 4 | $0.14 | 3.31% | 2022-10-25 | 2022-11-07 | 2022-11-17 |
| 2022-08-05 | 4 | $0.14 | 3.8% | 2022-07-26 | 2022-08-08 | 2022-08-17 |
| 2022-05-06 | 4 | $0.14 | 3.62% | 2022-04-26 | 2022-05-09 | 2022-05-18 |
| 2022-02-04 | 4 | $0.14 | 2.82% | 2022-01-24 | 2022-02-07 | 2022-02-17 |
| 2021-11-04 | 4 | $0.14 | 3.0% | 2021-10-22 | 2021-11-05 | 2021-11-15 |
| 2021-07-30 | 4 | $0.14 | 3.4% | 2021-07-21 | 2021-08-02 | 2021-08-13 |
| 2021-05-06 | 4 | $0.14 | 3.17% | 2021-04-23 | 2021-05-07 | 2021-05-18 |
| 2021-02-05 | 4 | $0.12 | 3.86% | 2021-01-28 | 2021-02-08 | 2021-02-17 |
When comparing Lakeland Bancorp's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Eagle Bancorp EGBN having the highest annualized dividend yield at 7.44%.
Analyzing Lakeland Bancorp 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
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.49 to $0.57, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Lakeland Bancorp
The earnings chart above shows that from 2019 to 2022, Lakeland Bancorp has experienced an increase in their earnings from $1.41 per share to $1.60 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
This article delves into the recent dividend payout of Lakeland Bancorp and its implications for shareholders. Presently, the company is distributing a dividend of $0.14 per share, leading to an annualized dividend yield of 5.22%.
When comparing Lakeland Bancorp's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Eagle Bancorp having the highest annualized dividend yield at 7.44%.
The upward trend in dividend per share and earnings per share for Lakeland Bancorp from 2019 to 2022 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
[Monitor live stock price updates for Lakeland Bancorp on Benzinga.](https://www.benzinga.com/quote/Lakeland Bancorp (NASDAQ: LBAI))
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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