By the close of today, February 05, 2024, Lakeland Financial LKFN will issue a dividend payout of $0.48 per share, resulting in an annualized dividend yield of 3.02%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on January 24, 2024.
Lakeland Financial Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-24 | 4 | $0.48 | 3.02% | 2024-01-09 | 2024-01-25 | 2024-02-05 |
| 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 |
When comparing Lakeland Financial's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Northwest Bancshares NWBI having the highest annualized dividend yield at 6.65%.
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
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $1.20 to $1.84. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Lakeland Financial
Investors can observe a growth in earnings for Lakeland Financial from 2020 to 2023, as earnings per share increased from $3.19 to $3.50. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
In this article, we explore the recent dividend payout of Lakeland Financial and its significance for shareholders. The company has decided to distribute a dividend of $0.48 per share today, which equates to an annualized dividend yield of 3.02%.
When comparing Lakeland Financial's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Northwest Bancshares having the highest annualized dividend yield at 6.65%.
With an increase in dividend per share and earnings per share from 2020 to 2023, Lakeland Financial demonstrates a healthy financial status and is likely to maintain their dividend distribution to 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 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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