Lakeland Financial (Lakeland Financial) Dividend Payout Ratio : 0.47 (As of Dec. 2023)

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What is Lakeland Financial Dividend Payout Ratio?

Lakeland Financial's dividend payout ratio for the months ended in Dec. 2023 was 0.47.

The historical rank and industry rank for Lakeland Financial's Dividend Payout Ratio or its related term are showing as below:

LKFN' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.31 Med: 0.36 Max: 0.47
Current: 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.

LKFN's Dividend Payout Ratio is ranked worse than
68.32% of 1089 companies
in the Banks industry
Industry Median: 0.34 vs LKFN: 0.47

As of today (2024-04-26), the Dividend Yield % of Lakeland Financial is 3.18%.

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

Lakeland Financial's Dividends per Share for the months ended in Dec. 2023 was $0.46.

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.

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.

The growth rate is calculated with least square regression.

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

Lakeland Financial Dividend Payout Ratio Historical Data

The historical data trend for Lakeland Financial's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

Lakeland Financial Dividend Payout Ratio Chart

Lakeland Financial Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.34

0.36

0.40

0.47

Lakeland Financial Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															0.40	0.49	0.44	0.47	0.47

Competitive Comparison of Lakeland Financial's Dividend Payout Ratio

For the Banks - Regional subindustry, Lakeland Financial's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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's Dividend Payout Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Lakeland Financial's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Lakeland Financial's Dividend Payout Ratio falls into.

Lakeland Financial Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

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

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	1.84	/	3.95
	=	0.47

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

Lakeland Financial (NAS:LKFN) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Lakeland Financial Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Lakeland Financial's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Lakeland Financial (Lakeland Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Lakeland Financial Corp (NAS:LKFN) » Definitions » Dividend Payout Ratio

Comparable Companies

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