Lakeland Financial Corp (LKFN) will raise its quarterly dividend by 14.3 percent to $0.28 per share in 2016. This follows a 16.7 percent dividend hike last year and marks the fifth consecutive year of dividend increases by LKFN.

Lakeland Financial Corporation is a bank holding company. The Company, through its subsidiary, Lake City Bank, provides an array of products and services throughout its Northern and Central Indiana markets. It offers commercial and consumer banking services, as well as trust and wealth management, brokerage, investment and treasury management commercial services.