Lake City Bank Parent Announces 4% Increase in Quarterly Dividend
09 Janeiro 2024 - 4:00PM
Lakeland Financial Corporation (Nasdaq Global Select/LKFN), parent
company of Lake City Bank, announced that the Board of Directors
approved a quarterly cash dividend for the first quarter of 2024 of
$0.48 per share, payable February 5, 2024, to shareholders of
record as of January 25, 2024. The quarterly dividend
represents a 4% increase over the quarterly dividend rate of $0.46
per share paid in 2023.
“Lake City Bank’s consistently strong operating performance has
contributed to an exceptionally strong capital base. Our dividend
increase reflects both our confidence in the future and our success
over a very long period of time,” stated David M. Findlay, Chairman
and Chief Executive Officer.
Lake City Bank, a $6.4 billion bank headquartered in Warsaw,
Indiana, is the seventh largest bank headquartered in the state,
and the largest bank 100% invested in Indiana. Lake City Bank
operates 53 branch offices in northern and central Indiana,
delivering technology-driven solutions in a client-centric way to
individuals and businesses. The bank is the single bank subsidiary
of Lakeland Financial Corporation (Nasdaq Global Select/LKFN). For
more information visit www.lakecitybank.com.
This document contains, and future oral and written statements
of the company and its management may contain, forward-looking
statements within the meaning of the Private Securities Litigation
Reform Act of 1995 with respect to the financial condition, results
of operations, plans, objectives, future performance and business
of the company. Forward-looking statements, which may be based upon
beliefs, expectations and assumptions of the company’s management
and on information currently available to management, are generally
identifiable by the use of words such as “believe,” “expect,”
“anticipate,” “continue,” “plan,” “intend,” “estimate,” “may,”
“will,” “would,” “could,” “should” or other similar expressions.
The company’s ability to predict results or the actual effect of
future plans or strategies is inherently uncertain and,
accordingly, the reader is cautioned not to place undue reliance on
any forward-looking statements made by the company. Additionally,
all statements in this document, including forward-looking
statements, speak only as of the date they are made, and the
company undertakes no obligation to update any statement in light
of new information or future events. Numerous factors could cause
the company’s actual results to differ from those reflected in
forward-looking statements, including the effects of the COVID-19
pandemic, including its effects on our customers, local economic
conditions, our operations and vendors, and the responses of
federal, state and local governmental authorities, as well as those
identified in the company’s filings with the Securities and
Exchange Commission, including the company’s Annual Report on Form
10-K and quarterly reports on Form 10-Q.
ContactLisa M. O’NeillExecutive
Vice President and Chief Financial Officer(574) 267-9125
lisa.oneill@lakecitybank.com
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