LKFN Lakeland Financial dividend history, payout ratio & dates
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 2.61%.
Key dates
- LKFN last dividend date: Oct 25, 2024
LKFN dividend stats
vs. Financial Services sector
Dividend yield
Lakeland Financial's dividend yield of 2.61% 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 2.58%, Lakeland Financial's dividend yield is only 1.2% higher. The historical 5-year average of LKFN's dividend yield is 2.6%, which is similar to the current yield.
Dividend history
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 31% from a year ago, the dividend yield has decreased by 20%.
Recent dividends
| 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 dividend payout ratio
Payout ratio
Lakeland Financial's payout ratio of 49.7% is above the Financial Services sector and the industry average but below its peers average. Compared to its Financial Services sector average of 44%, Lakeland Financial's payout ratio is 13% higher.
Total amount of dividends paid per financial year (from cash flow)
LKFN dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| THFF First Financial Corp | 3.68% | $1.8 | 48.8% |
| HBNC Horizon Bancorp Inc | 3.5% | $0.64 | 133.3% |
| FRME First Merchants Corp | 3.18% | $1.38 | 45.7% |
| ONB Old National Bancorp | 2.65% | $0.56 | 33.7% |
| LKFN Lakeland Financial Corp | 2.61% | $1.92 | 49.7% |
| GABC German American Bancorp Inc | 2.4% | $1.08 | 39.1% |
| SRCE 1St Source Corp | 2.15% | $1.4 | 26.7% |
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 Oct 25, 2024 (ex-date) with the amount of $0.48 per share.
How much dividend does Lakeland Financial pay (per share)?
LKFN has paid dividend of $1.92 per share in the last year.
What is Lakeland Financial's dividend yield?
Currently Lakeland Financial's dividend yield is 2.61%.
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 49.7%.
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.