Investors eagerly anticipate the dividend payout from Lakeland Financial LKFN on November 06, 2023. With a payout of $0.46 per share and an annualized dividend yield of 3.85%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on October 24, 2023
Lakeland Financial Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-24 | 4 | $0.46 | 3.85% | 2023-10-10 | 2023-10-25 | 2023-11-06 |
| 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 |
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 7.26%.
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
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $1.16 in 2019 to $1.60 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Lakeland Financial
From 2019 to 2022, Lakeland Financial experienced a growth in earnings per share, with an increase from $3.35 to $3.98. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
In this article, we delve into Lakeland Financial's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.46 per share today, resulting in 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 7.26%.
Given that Lakeland Financial has experienced an increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
[See current stock movements Lakeland Financial on Benzinga.](https://www.benzinga.com/quote/Lakeland Financial (NASDAQ: LKFN))
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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