Lakeland Financial dividend – Lakeland Financial Corporation Announces Larger Dividend for Shareholders

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Lakeland Financial dividend – Lakeland Financial ($NASDAQ:LKFN) Corporation is a publicly traded bank holding company headquartered in Warsaw, Indiana. The company is the parent of Lake City Bank, which provides a full range of services to customers in northern and central Indiana including retail and commercial banking, trust and wealth management services, and mortgage banking. The board of Lakeland Financial Corporation recently announced that shareholders will be receiving a larger dividend on the 6th of February compared to the dividend from the previous year. This is a huge step forward for the company, as it signals that the company is making good financial decisions and is continuing to grow. The company has seen strong growth in its revenue and profits, which have allowed it to increase its dividend. This will result in shareholders receiving a higher return on their investments.

Additionally, the company has been able to reduce its debt, which has improved its balance sheet and allowed them to pay out a larger dividend. The larger dividend is an indication of the company’s commitment to its shareholders and their continued loyalty over the years. The board of directors believes that this dividend is an appropriate reward for the shareholders who have helped support the company’s growth and success. The larger dividend also demonstrates the company’s confidence in its future prospects and its ability to generate strong financial results. The larger dividend is an important milestone for Lakeland Financial Corporation and will be welcomed by its shareholders. It is a sign of the company’s financial strength and its commitment to rewarding its shareholders with a larger return on their investments.

Dividends – Lakeland Financial dividend

Lakeland Financial Corporation has recently announced that they are increasing the annual dividend per share from 1.2 USD to 1.54 USD for the 2020 year. This means that over the next three years, Lakeland Financial will have issued an annual dividend per share of 1.54, 1.36, and 1.2 USD respectively. This also translates to a dividend yield of 2.08%, 2.09%, and 2.68%, on average yielding a dividend of 2.28%. The recent announcement from Lakeland Financial has made it a very attractive option for investors looking for dividend stocks. The company’s commitment to increasing its dividend makes it a reliable choice for people looking for a steady stream of income from their investments.

Additionally, the higher yields offered by Lakeland Financial make it an even more appealing option for investors. In conclusion, if you are looking for dividend stocks, Lakeland Financial might be worth considering. With their commitment to increasing their dividend and the higher yields they offer, Lakeland Financial is an attractive option for investors looking to grow their portfolio.

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for Lakeland Financial. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for Lakeland Financial. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for Lakeland Financial. More…

Key Ratios Snapshot

Some of the financial key ratios for Lakeland Financial are shown below. More…

Stock Price

The news sent the stock price up 0.5%, opening at $76.3 and closing at $77.0, up from the prior closing price of $76.6. The larger dividend speaks to the overall financial health of the company and its ability to provide returns to shareholders. Investors will also be reassured by the company’s reported strong earnings for the fourth quarter, which showed that LAKELAND had made solid progress against its strategic objectives. Furthermore, the company’s ability to increase dividends despite the pandemic demonstrates its resilience and strengthens its outlook for future growth.

In addition, LAKELAND has maintained a strong balance sheet with low debt levels, which has enabled it to weather the pandemic and remain on a stable financial footing while continuing to provide returns to shareholders. Overall, the announcement of a larger dividend payment is welcomed news for LAKELAND shareholders, as it signals that the company is well-positioned to continue generating value and profits in the months ahead. With the stock price rising on Tuesday, it appears that investors are confident that LAKELAND is well-positioned for future success. Live Quote…

VI Analysis – Lakeland Financial Stock Fair Value Calculator

LAKELAND FINANCIAL‘s fundamentals are an indicator of its long term potential. The VI app offers a simplified analysis of the company’s value. According to VI Line, the intrinsic value of LAKELAND FINANCIAL shares is around $67.0. However, the current market price is $77.0, at a premium of 15%. This implies that LAKELAND FINANCIAL’s stock is currently overvalued. Investors should consider the company’s fundamentals and evaluate its long term prospects before investing in the stock. It is also important to monitor the market price of the stock and make adjustments accordingly. Doing so can help investors maximize their profits and minimize risks associated with investing in LAKELAND FINANCIAL. More…

VI 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 Corporation recently announced they will be increasing their dividend for shareholders. This is good news for investors as it indicates the company is performing well and is able to pay out more money to shareholders as a result. The market sentiment around the announcement is generally positive. It is therefore a good time for investors to consider investing in Lakeland Financial as there is a potential for a healthy return on their investment.

The company has a strong track record of providing reliable dividends and their recent announcement reinforces the notion that they are a low-risk, high-reward stock. Investors should do their own research to determine if Lakeland Financial is a good fit for their portfolio.