Lakeland Financial boosts quarterly dividend 4% to 50c per share

Lakeland Financial (LKFN), parent company of Lake City Bank, announced that the board of directors approved a quarterly cash dividend for the first quarter of 2025 of 50c per share, payable February 5 to shareholders of record as of January 25. The quarterly dividend represents a 4% increase over the quarterly dividend rate of 48c per share paid in 2024.