Lakeland Financial Corporation (LKFN) will raise its quarterly dividend by 18.2 percent to $0.26 per share in the second quarter of 2018. The new dividend yield for the bank holding company is 2.2%.

The next dividend is payable on May 7, 2018 to shareholders of record as of April 25, 2018.

“The strength of our balance sheet and our historically solid earnings performance creates the capacity to significantly increase our dividend again. Our shareholder value equation is further enhanced by this dividend increase,” said David M. Findlay, President and Chief Executive Officer.

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.