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News  ›  Benzinga

Lake City Bank Parent Announces 4% Increase in Quarterly Dividend

Benzinga Logo Benzinga By Globe Newswire
Lake City Bank Parent Announces 4% Increase in Quarterly Dividend

Lakeland Financial Corporation announced a 4% increase in its quarterly dividend to $0.52 per share for Q1 2026, up from $0.50 in 2025. The increase reflects the company's strong capital foundation and disciplined balance sheet management. Lake City Bank, the parent company's subsidiary, operates 55 branches across Central and Northern Indiana with $6.9 billion in assets.

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The company announced a 4% dividend increase, demonstrating financial strength, profitability, and confidence in future performance. Dividend increases are typically viewed positively by investors as they signal management confidence and provide enhanced shareholder returns.