Lake City Bank Parent Announces 4% Increase in Quarterly Dividend

WARSAW, Ind., Jan. 09, 2024 (GLOBE NEWSWIRE) -- 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

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Contact

Lisa M. O’Neill

Executive Vice President and Chief Financial Officer

(574) 267-9125