LKFN Lakeland Financial dividend history, payout ratio & dates
Lakeland Financial's most recent dividend payment of $0.5 per share was made to shareholders on record before Jan 24, 2025. The payout stands at $1.94 per share annually, which works out to a dividend yield of 2.96%. The latest LKFN stock dividend of $0.5 is an increase from the previous $0.48 distribution, representing a growth of 4.2%.
Key dates
- LKFN last dividend date: Jan 24, 2025
LKFN dividend stats
vs. Financial Services sector
Dividend yield
Lakeland Financial's dividend yield of 2.96% is above the Financial Services sector average but below the industry and its peers average. But in comparison with its Financial Services sector average of 2.85%, Lakeland Financial's dividend yield is only 3.9% higher. The historical 5-year average of LKFN's dividend yield is 2.6%, which is lower than the current yield.
Dividend history
Lakeland Financial has been paying dividends for the last 28 years. According to our data LKFN has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 4.3% for the last year. And since the stock price has gone up by 3.7% from a year ago, the dividend yield has increased by 0.7%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Jan 24, 2025 | $0.5 | 2.8% |
| Oct 25, 2024 | $0.48 | 3.05% |
| Jul 25, 2024 | $0.48 | 2.69% |
| Apr 24, 2024 | $0.48 | 3% |
| Jan 24, 2024 | $0.48 | 2.94% |
| Oct 24, 2023 | $0.46 | 3.92% |
| Jul 24, 2023 | $0.46 | 3.19% |
| Apr 24, 2023 | $0.46 | 3.06% |
| Jan 24, 2023 | $0.46 | 2.26% |
| Oct 24, 2022 | $0.4 | 2.09% |
| Jul 22, 2022 | $0.4 | 2.19% |
| Apr 22, 2022 | $0.4 | 1.94% |
| Jan 24, 2022 | $0.4 | 1.75% |
| Oct 22, 2021 | $0.34 | 1.74% |
| Jul 22, 2021 | $0.34 | 2.35% |
| Apr 22, 2021 | $0.34 | 1.91% |
| Jan 22, 2021 | $0.34 | 2.07% |
| Oct 22, 2020 | $0.3 | 2.5% |
| Jul 23, 2020 | $0.3 | 2.61% |
| Apr 23, 2020 | $0.3 | 3.31% |
| Jan 23, 2020 | $0.3 | 2.5% |
| Oct 24, 2019 | $0.3 | 2.55% |
| Jul 24, 2019 | $0.3 | 2.49% |
| Apr 24, 2019 | $0.3 | 2.51% |
| Jan 24, 2019 | $0.26 | 2.57% |
| Oct 24, 2018 | $0.26 | 2.79% |
| Aug 6, 2018 | $0.1 | 2.18% |
| Jul 24, 2018 | $0.26 | 1.95% |
| Apr 24, 2018 | $0.26 | 1.88% |
| Jan 24, 2018 | $0.22 | 1.76% |
| Oct 24, 2017 | $0.22 | 1.73% |
| Jul 21, 2017 | $0.22 | 1.81% |
| Apr 21, 2017 | $0.22 | 1.78% |
| Jan 23, 2017 | $0.19 | 1.72% |
| Oct 21, 2016 | $0.19 | 2.09% |
| Jul 21, 2016 | $0.187 | 2.14% |
| Apr 21, 2016 | $0.187 | 2.21% |
| Jan 21, 2016 | $0.163 | 2.44% |
| Oct 21, 2015 | $0.163 | 2.1% |
| Jul 22, 2015 | $0.163 | 2.05% |
| Apr 22, 2015 | $0.163 | 2.17% |
| Jan 21, 2015 | $0.14 | 2.09% |
Lakeland Financial dividend payout ratio
Payout ratio
Lakeland Financial's payout ratio of 53.3% is above the Financial Services sector and the industry average but below its peers average. Compared to its Financial Services sector average of 46.2%, Lakeland Financial's payout ratio is 15% higher.
Total amount of dividends paid per financial year (from cash flow)
LKFN dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| HBNC Horizon Bancorp Inc | 3.82% | $0.64 | 133.3% |
| THFF First Financial Corp | 3.71% | $1.86 | 50.4% |
| FRME First Merchants Corp | 3.2% | $1.39 | 46% |
| LKFN Lakeland Financial Corp | 2.96% | $1.94 | 53.3% |
| GABC German American Bancorp Inc | 2.8% | $1.1 | 39.9% |
| ONB Old National Bancorp | 2.39% | $0.56 | 33.1% |
| SRCE 1St Source Corp | 2.22% | $1.42 | 26.5% |
Frequently asked questions
Does Lakeland Financial pay a dividend?
Yes, Lakeland Financial has paid four dividends in the last 12 months. LKFN has been paying dividends since 1997.
When was LKFN's last dividend?
Lakeland Financial's last regular dividend was on Jan 24, 2025 (ex-date) with the amount of $0.5 per share.
How much dividend does Lakeland Financial pay (per share)?
LKFN has paid dividend of $1.94 per share in the last year.
What is Lakeland Financial's dividend yield?
Currently Lakeland Financial's dividend yield is 2.96%.
How often does Lakeland Financial pay dividends?
Lakeland Financial has a quarterly dividend frequency.
What is Lakeland Financial's dividend payout ratio?
Lakeland Financial's dividend payout ratio is 53.3%.
Does Lakeland Financial pay a good dividend?
Lakeland Financial's dividend yield is similar to the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.