Lakeland Financial Delivers Strong Performance and Growing Profits, Elevating Investor Returns
Portfolio Pulse from Benzinga Insights
Lakeland Financial (NASDAQ:LKFN) has announced a dividend payout of $0.46 per share, resulting in an annualized dividend yield of 3.85%. The company has seen an increase in dividend per share from $1.16 in 2019 to $1.60 in 2022, and an increase in earnings per share from $3.35 to $3.98 over the same period. Northwest Bancshares (NASDAQ:NWBI) leads the industry with the highest annualized dividend yield at 7.26%.
November 06, 2023 | 3:05 pm
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POSITIVE IMPACT
Lakeland Financial's dividend payout and increase in earnings per share indicate a positive financial standing, which could lead to continued profit distribution to investors.
The increase in dividend per share and earnings per share from 2019 to 2022 indicates that Lakeland Financial is in a strong financial position. This could lead to continued profit distribution to shareholders, which would likely have a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Northwest Bancshares leads the industry with the highest annualized dividend yield at 7.26%.
While Northwest Bancshares is mentioned in the article, the news does not provide any specific information about the company's financial performance or future plans. Therefore, the impact on the stock price is likely to be neutral.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50