Lakeland Financial Reports Increase

Lakeland Financial Corporation announced that the Board of Directors approved a quarterly cash dividend for the first quarter of 2017 of $0.22 per share, payable on May 5, 2017 to shareholders of record as of April 25, 2017.

The parent company of Lake City Bank says in their earnings statement that the quarterly dividend represents a 16% increase over the quarterly dividend rate paid in 2016.