Lakeland Financial hikes dividend by 4.3%

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Lakeland Financial (LKFN) will hike its quarterly dividend by 4.3% to 48 cents quarterly per share. 

The next dividend will be paid on February 5, 2024. This marks 13 consecutive years of increases for LKFN. Last year Lakeland hiked the dividend by 15%.

Lakeland Financial Corporation operates through its primary subsidiary, Lake City Bank, which has been serving communities in Indiana for over 150 years. The company provides a wide range of financial services. Lake City Bank, a $6.7 billion bank headquartered in Warsaw, Indiana, was founded in 1872 and serves Central and Northern Indiana communities with 54 branch offices and a robust digital banking platform. Lake City Bank's community banking model prioritizes building in-market long-term customer relationships while delivering technology-forward solutions for retail and commercial clients.

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