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Lakeland Financial (Lakeland Financial) 3-Year Dividend Growth Rate

: 15.30% (As of Dec. 2023)
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Lakeland Financial's Dividends per Share for the three months ended in Dec. 2023 was $0.46.

The historical rank and industry rank for Lakeland Financial's 3-Year Dividend Growth Rate or its related term are showing as below:

LKFN' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -6.9   Med: 12.5   Max: 46
Current: 15.3

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Lakeland Financial was 46.00% per year. The lowest was -6.90% per year. And the median was 12.50% per year.

LKFN's 3-Year Dividend Growth Rate is ranked better than
72.51% of 782 companies
in the Banks industry
Industry Median: 7.55 vs LKFN: 15.30

During the past 12 months, Lakeland Financial's average Dividends Per Share Growth Rate was 15.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 15.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 12.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 14.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Lakeland Financial's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.47. As of today, Lakeland Financial's Dividend Yield % is 3.15%.

For more information regarding to dividend, please check our Dividend Page.

Competitive Comparison

For the Banks - Regional subindustry, Lakeland Financial's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Lakeland Financial 3-Year Dividend Growth Rate Distribution

For the Banks industry and Financial Services sector, Lakeland Financial's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Lakeland Financial's 3-Year Dividend Growth Rate falls into.


Lakeland Financial 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Lakeland Financial  (NAS:LKFN) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Lakeland Financial's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.46/ 0.98
=0.47

During the past 13 years, the highest Dividend Payout Ratio of Lakeland Financial was 0.47. The lowest was 0.31. And the median was 0.36.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Lakeland Financial Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.4802024-01-242024-01-252024-02-05Cash DividendquarterlyUSD:USD 1.000000
USD 0.4602023-10-242023-10-252023-11-06Cash DividendquarterlyUSD:USD 1.000000
USD 0.4602023-07-242023-07-252023-08-07Cash DividendquarterlyUSD:USD 1.000000
USD 0.4602023-04-242023-04-252023-05-05Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Lakeland Financial's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.86/59.12
=3.15 %

Current Share Price is $59.12.
Lakeland Financial's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.86.

During the past 13 years, the highest Dividend Yield of Lakeland Financial was 3.80%. The lowest was 1.47%. And the median was 2.06%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Lakeland Financial 3-Year Dividend Growth Rate Related Terms>

Lakeland Financial (Lakeland Financial) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Lakeland Financial Corp (NAS:LKFN) » Definitions » 3-Year Dividend Growth Rate
Comparable Companies
TRMK NBTB OFG RNST FBK TBBK WSBC CUBI BANR CLBK NSE:HDFCBANK SHSE:600036 NSE:ICICIBANK SAU:1120 XPAR:BNP NSE:SBIN ISX:BBCA USB MIC:SBER SGX:D05
Traded in Other Exchanges
N/A
Address
202 East Center Street, P.O.Box 1387, Warsaw, IN, USA, 46581-1387
Website
https://www.lakecitybank.com
Lakeland Financial Corp is a bank holding company. It provides commercial, retail, wealth advisory and investment management services. Lakeland offers a broad array of products and services throughout its Northern and Central Indiana markets. The company offers commercial and consumer banking services, as well as trust and wealth management, brokerage, and treasury management commercial services. It serves a wide variety of industries including, among others, commercial real estate, manufacturing, agriculture, construction, retail, wholesale, finance and insurance, accommodation and food services and healthcare.
Executives
Bartels Robert E Jr director LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
M Scott Welch director 6 LONGWOOD COURT, ELKHART IN 46516
Jonathan P Steiner officer: Senior Vice President LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Emily E Pichon director LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Brian J Smith director LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Donald Robinson-gay officer: Senior Vice President PO BOX 1387, WARSAW IN 46581
Kyra E Clark officer: Senior Vice President P.O. BOX 1387, WARSAW IN 46581-1387
Steven D Ross director LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Brok A Lahrman officer: SVP, Chief Accounting Officer P.O. BOX 1387, WARSAW IN 46581
James Rickard Donovan officer: SVP, General Counsel P.O. BOX 1387, WARSAW IN 46581-1387
Stephanie R Leniski officer: Senior Vice President P.O. BOX 1387, WARSAW IN 46581-1387
Blake Augsburger director P.O. BOX 1387, WARSAW IN 46581
Michael L Kubacki director, officer: President LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Lisa M O'neill officer: EVP & CFO LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387
Michael E Gavin officer: EVP & CCO LAKELAND FINANCIAL CORPORATION, P.O. BOX 1387, WARSAW IN 46581-1387