Lakeland Financial Corporation (LKNF) will raise its quarterly dividend to 40 cents per share. The next dividend is payable on February 57, 2022 to shareholders of record as of January 25, 2022. The new annualized rate will be $1.60 per share for LKNF.

Lakeland Financial Corporation is a bank holding company headquartered in Warsaw, Indiana. Lake City Bank, its single bank subsidiary, is the sixth largest bank headquartered in the state and the largest bank 100% invested in Indiana. The Bank's activities cover all phases of commercial banking, including deposit products, commercial and consumer lending, retail and merchant credit card services, corporate treasury management services, and wealth advisory, trust and brokerage services. Lake City Bank operates 50 offices in Northern and Central Indiana, delivering technology-driven and client-centric financial services solutions to individuals and businesses.