Lakeland Financial Corporation

LKFN

Financial Services · Banks - Regional · Stock · quarterly payer

$58.00

Undervalued · +44% Add to Portfolio

Forward Yield

3.59%

Annual Dividend

$2.08

Payout Ratio

47%

5-Yr Growth

10.8%

Ex-Date

Oct 23, 2026

Frequency

Quarterly

Key facts about LKFN's dividend

Data as of Oct 18, 2026 · Source: SmarterDividends data

As of Oct 18, 2026, Lakeland Financial Corporation (LKFN) has a forward dividend yield of 3.59%, based on an annual dividend of $2.08 per share and a share price of $58.00.
As of Oct 18, 2026, LKFN's dividend safety grade from SmarterDividends is A (93 out of 100), which rates the dividend as very safe.
By SmarterDividends' count, Lakeland Financial Corporation (LKFN) has raised its dividend for 14 consecutive years as of Oct 18, 2026.
LKFN has never cut its regular dividend in the payment history SmarterDividends has on record.
LKFN's next ex-dividend date is Oct 23, 2026, with payment on Nov 5, 2026. Shares must be owned before that date to receive the dividend.
As of Oct 18, 2026, LKFN pays out 47% of its trailing 12-month earnings as dividends (its payout ratio).
LKFN's dividend has grown at an average rate of 10.8% a year over the past five years.
As of Oct 18, 2026, LKFN's 3.59% yield is 32% above its five-year average yield of 2.71%.
As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for LKFN is $83.66 per share, 44% above the $58.00 share price, so LKFN screens as undervalued.
Lakeland Financial Corporation (LKFN) pays its dividend quarterly, 4 times a year.
Lakeland Financial Corporation (LKFN) has raised its regular dividend 25 times and cut it 0 times across the 115 payments on record since 1997. Its most recent change was a 4.0% increase to $0.520 per share, going ex-dividend on Jan 23, 2026.

Cite this page

SmarterDividends, "LKFN Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/LKFN

Summary

As of Oct 18, 2026, Lakeland Financial Corporation (LKFN) yields 3.59% ($2.08 a year per share), has a dividend safety grade of A (93/100) and has 14 consecutive years of dividend increases on record.

Is LKFN a good dividend stock?

Yes

Lakeland Financial Corporation (LKFN) pays a quarterly dividend yielding 3.59% ($2.08/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Advantages

14 consecutive years of dividend growth
Never cut its dividend on record
Comfortable payout ratio (47%)
Strong 10.8% 5-yr dividend growth
Top-tier dividend safety score

Risks

Share price is down over the past 5 years

Key Data

Dividend Yield: 3.59%
Payout Ratio: 47%
Annual Dividend: $2.08
5-Yr Avg Growth: 10.8%
Ex-Dividend Date: Oct 23, 2026
Years of Growth: 14
Frequency: quarterly
Beta: 0.76
Market Cap: $1.4B
P/E Ratio: 13.3
5-Yr Total Return: -18%
52-Week Range: $54.36 – $64.55
Dividend Safety: A · 93/100
Ever Cut?: No

LKFN dividend raises and cuts

Lakeland Financial Corporation (LKFN) has raised its regular dividend 25 times and cut it 0 times across the 115 payments on record since 1997. Its most recent change was a 4.0% increase to $0.520 per share, going ex-dividend on Jan 23, 2026.

Ex-date	Change	Old → new	Move
Jan 23, 2026	Raise	$0.500 → $0.520	+4.0%
Jan 24, 2025	Raise	$0.480 → $0.500	+4.2%
Jan 24, 2024	Raise	$0.460 → $0.480	+4.3%
Jan 24, 2023	Raise	$0.400 → $0.460	+15.0%
Jan 24, 2022	Raise	$0.340 → $0.400	+17.6%
Jan 22, 2021	Raise	$0.300 → $0.340	+13.3%
Apr 24, 2019	Raise	$0.260 → $0.300	+15.4%
Apr 24, 2018	Raise	$0.220 → $0.260	+18.2%
Apr 21, 2017	Raise	$0.190 → $0.220	+15.8%
Oct 21, 2016	Raise	$0.187 → $0.190	+1.8%
Apr 21, 2016	Raise	$0.163 → $0.187	+14.3%
Apr 22, 2015	Raise	$0.140 → $0.163	+16.7%

Show all 25 changes since 1998

Ex-date	Change	Old → new	Move
Apr 23, 2014	Raise	$0.127 → $0.140	+10.5%
Apr 23, 2013	Raise	$0.113 → $0.127	+11.8%
Apr 23, 2012	Raise	$0.103 → $0.113	+9.7%
Apr 23, 2008	Raise	$0.0933 → $0.103	+10.7%
Apr 23, 2007	Raise	$0.0833 → $0.0933	+12.0%
Apr 19, 2006	Raise	$0.0767 → $0.0833	+8.7%
Apr 6, 2005	Raise	$0.0700 → $0.0767	+9.5%
Apr 6, 2004	Raise	$0.0633 → $0.0700	+10.5%
Apr 8, 2003	Raise	$0.0567 → $0.0633	+11.8%
Apr 8, 2002	Raise	$0.0500 → $0.0567	+13.3%
Apr 6, 2001	Raise	$0.0433 → $0.0500	+15.4%
Apr 6, 2000	Raise	$0.0300 → $0.0433	+44.4%
Jul 8, 1998	Raise	$0.0250 → $0.0300	+20.0%

Every LKFN payment →Download every raise and cut (CSV)

LKFN ex-dividend date & scheduleNext ex-date Oct 23, 2026 · full ex-dividend historyView →LKFN dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is LKFN a good dividend stock?

Yes. Lakeland Financial Corporation (LKFN) pays a quarterly dividend yielding 3.59% ($2.08/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.

Is LKFN undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, LKFN's fair value is about $83.66 versus a $58.00 share price — so it looks undervalued (+44% vs. fair value).

Is LKFN's dividend safe?

LKFN has a dividend-safety grade of A (93/100), based on its payout coverage, free-cash-flow, 14-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is LKFN's fair value?

Our blended fair-value estimate for LKFN is about $83.66 per share, roughly 44% above the current $58.00 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is LKFN a buy, hold, or sell?

We don't issue formal ratings, but on the data LKFN screens as "yes" and undervalued. Lakeland Financial Corporation (LKFN) pays a quarterly dividend yielding 3.59% ($2.08/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.

Will LKFN cut its dividend?

LKFN earns a dividend-safety grade of A (93/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does LKFN pay a dividend?

Yes. Lakeland Financial Corporation pays a quarterly dividend of about $2.08 per share annually, a forward yield of roughly 3.59%.

What is LKFN's dividend yield?

As of Oct 18, 2026, LKFN's forward dividend yield is 3.59%, based on a $2.08 annual dividend and a $58.00 share price.

What is LKFN's dividend per share?

As of Oct 18, 2026, LKFN pays $2.08 per share per year, distributed on a quarterly basis.

What is LKFN's dividend payout ratio?

As of Oct 18, 2026, LKFN's payout ratio is 47% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has LKFN grown its dividend?

As of Oct 18, 2026, LKFN has increased its dividend for 14 consecutive years.

When is the next LKFN ex-dividend date?

As of Oct 18, 2026, the next ex-dividend date on record for LKFN is Oct 23, 2026.

Dividend Growth

Total dividends per share by year

Dividend History

Full LKFN dividend history →

Ex-Date	Pay Date	Amount	Type
Jul 24, 2026	Aug 5, 2026	$0.5200	regular
Apr 24, 2026	May 5, 2026	$0.5200	regular
Jan 23, 2026	Feb 5, 2026	$0.5200	regular
Oct 24, 2025	Nov 5, 2025	$0.5000	regular
Jul 25, 2025	Aug 5, 2025	$0.5000	regular
Apr 25, 2025	May 5, 2025	$0.5000	regular
Jan 24, 2025	Feb 5, 2025	$0.5000	regular
Oct 25, 2024	Nov 5, 2024	$0.4800	regular
Jul 25, 2024	Aug 5, 2024	$0.4800	regular
Apr 24, 2024	May 6, 2024	$0.4800	regular
Jan 24, 2024	Feb 5, 2024	$0.4800	regular
Oct 24, 2023	Nov 6, 2023	$0.4600	regular
Jul 24, 2023	Aug 7, 2023	$0.4600	regular
Apr 24, 2023	May 5, 2023	$0.4600	regular