Lakeland Financial's most recent dividend payment of $0.48 per share was made to shareholders on record before Oct 25, 2024. The payout stands at $1.92 per share annually, which works out to a dividend yield of 2.79%.
Lakeland Financial's dividend yield of 2.79% 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 2.77%, Lakeland Financial's dividend yield is only 0.7% higher. The historical 5-year average of LKFN's dividend yield is 2.6%, which is lower than the current yield.
Lakeland Financial has been paying dividends for the last 27 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. However since the stock price has gone up by 6% from a year ago, the dividend yield has decreased by 1.1%.
Ex-date | Amount | Yield (TTM) |
---|---|---|
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's payout ratio of 49.7% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 44.2%, Lakeland Financial's payout ratio is 12% higher.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
HBNC Horizon Bancorp Inc | 3.88% | $0.64 | 133.3% |
THFF First Financial Corp | 3.86% | $1.8 | 48.8% |
FRME First Merchants Corp | 3.4% | $1.39 | 46% |
LKFN Lakeland Financial Corp | 2.79% | $1.92 | 49.7% |
GABC German American Bancorp Inc | 2.62% | $1.08 | 39.1% |
ONB Old National Bancorp | 2.6% | $0.56 | 33.7% |
SRCE 1St Source Corp | 2.37% | $1.4 | 26.7% |
Yes, Lakeland Financial has paid four dividends in the last 12 months. LKFN has been paying dividends since 1997.
Lakeland Financial's last regular dividend was on Oct 25, 2024 (ex-date) with the amount of $0.48 per share.
LKFN has paid dividend of $1.92 per share in the last year.
Currently Lakeland Financial's dividend yield is 2.79%.
Lakeland Financial has a quarterly dividend frequency.
Lakeland Financial's dividend payout ratio is 49.7%.
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.