Lakeland Financial dividend – Lakeland Financial Corp Announces 0.46 Cash Dividend
April 18, 2023
Dividends Yield
On April 17, 2023, Lakeland Financial ($NASDAQ:LKFN) Corp announced that it will be issuing a 0.46 cash dividend per share for its shareholders. This follows the trend of the past three years where Lakeland has been issuing an annual dividend per share of 1.6 USD, yielding 2.15% from 2022 to 2023 and an average yield of 2.15%. For investors looking for dividend stocks, this may be worth considering, with the ex-dividend date set for April 24, 2023.
With the dividend yield consistently hovering around 2.15%, Lakeland Financial Corp may be an attractive option for those seeking steady returns. Furthermore, as the share price is also subject to market fluctuations, investors may find that they can benefit from short-term investments in LAKELAND FINANCIAL during times of high volatility.
Market Price
In response to the news, the company’s stock opened at $57.4 and closed at $58.6, representing a 2.0% increase from the prior closing price of $57.4. The company has a strong history of returning cash to its shareholders and is committed to continuing to do so in the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Lakeland Financial. More…
| Total Revenues | Net Income | Net Margin |
| – | 103.82 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Lakeland Financial. More…
| Operations | Investing | Financing |
| 169.34 | -626.52 | -95.78 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Lakeland Financial. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 6.43k | 5.86k | – |
Key Ratios Snapshot
Some of the financial key ratios for Lakeland Financial are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 8.9% | – | – |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis – Lakeland Financial Stock Fair Value
At GoodWhale, we recently carried out an analysis of LAKELAND FINANCIAL‘s wellbeing. After applying our proprietary Valuation Line, we calculated the fair value of LAKELAND FINANCIAL’s share at around $73.4. However, the stock is currently being traded at $58.6, meaning it is undervalued by 20.2%. This could be a great opportunity for investors to buy the stock at a discounted rate and potentially make a good return on their investment. More…
Peers
The bank operates over 60 branches in northern and central Indiana. Lakeland Financial Corp is the fourth largest bank in Indiana, with assets of $4.6 billion. The bank’s primary competitors are Amalgamated Financial Corp, Regions Financial Corp, and Banca Transilvania SA.
– Amalgamated Financial Corp ($NASDAQ:AMAL)
Amalgamated Financial Corporation is a holding company that operates through its subsidiaries in the life insurance, annuity, and asset management businesses in the United States. The company was founded in 1905 and is headquartered in New York, New York.
– Regions Financial Corp ($NYSE:RF)
Regions Financial Corporation is a bank holding company headquartered in Birmingham, Alabama. The company provides retail and commercial banking, trust, securities brokerage, mortgage and insurance products and services. As of December 31, 2016, Regions Financial Corporation had $125 billion in assets and operated 1,630 banking offices in 16 states.
– Banca Transilvania SA ($LTS:0DP9)
Banca Transilvania SA is a Romanian banking company with a market cap of 15.23B as of 2022. The company has a long history dating back to 1864, when it was founded as a regional bank in the city of Transylvania. Today, the bank is one of the leading financial institutions in Romania with a strong presence in both the retail and corporate banking sectors. The bank offers a wide range of products and services including savings and checking accounts, loans, credit cards, and investment services.
Summary
LAKELAND FINANCIAL is an attractive investment option for investors seeking steady returns. For the past three years, the company has issued an annual dividend per share of 1.6 USD, yielding a stable 2.15%. This provides investors with a steady income stream and a low-risk investment opportunity.
Additionally, investors can benefit from capital appreciation over time as the company’s share price increases. With a strong financial track record, LAKELAND FINANCIAL offers a reliable investment option for those looking to diversify their portfolio.
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