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Lakeland Bancorp (FRA:LKL) 3-Year Dividend Growth Rate : 5.10% (As of Mar. 2024)


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What is Lakeland Bancorp 3-Year Dividend Growth Rate?

Lakeland Bancorp's Dividends per Share for the three months ended in Mar. 2024 was €0.13.

The historical rank and industry rank for Lakeland Bancorp's 3-Year Dividend Growth Rate or its related term are showing as below:

FRA:LKL' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -18.1   Med: 6.25   Max: 14.4
Current: 5.1

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Lakeland Bancorp was 14.40% per year. The lowest was -18.10% per year. And the median was 6.25% per year.

FRA:LKL's 3-Year Dividend Growth Rate is ranked worse than
59.82% of 764 companies
in the Banks industry
Industry Median: 7.55 vs FRA:LKL: 5.10

During the past 3 years, the average Dividends Per Share Growth Rate was 5.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 8.20% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Lakeland Bancorp's Dividend Payout Ratio for the three months ended in Mar. 2024 was 0.48. As of today, Lakeland Bancorp's Dividend Yield % is 4.36%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Lakeland Bancorp's 3-Year Dividend Growth Rate

For the Banks - Regional subindustry, Lakeland Bancorp's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Lakeland Bancorp's 3-Year Dividend Growth Rate Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Lakeland Bancorp's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Lakeland Bancorp's 3-Year Dividend Growth Rate falls into.



Lakeland Bancorp 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Lakeland Bancorp  (FRA:LKL) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Lakeland Bancorp's Dividend Payout Ratio for the quarter that ended in Mar. 2024 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2024 )/ EPS without NRI (Q: Mar. 2024 )
=0.133/ 0.277
=0.48

During the past 13 years, the highest Dividend Payout Ratio of Lakeland Bancorp was 0.45. The lowest was 0.28. And the median was 0.36.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

Lakeland Bancorp Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1450002024-04-262024-04-292024-05-08Cash DividendquarterlyUSD:EUR 0.932000
USD 0.1450002024-02-022024-02-052024-02-15Cash DividendquarterlyUSD:EUR 0.927000
USD 0.1450002023-11-032023-11-062023-11-16Cash DividendquarterlyUSD:EUR 0.924000
USD 0.1450002023-08-042023-08-072023-08-16Cash DividendquarterlyUSD:EUR 0.917000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Lakeland Bancorp's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.5365/12.30
=4.36 %

Current Share Price is €12.30.
Lakeland Bancorp's Dividends per Share for the trailing twelve months (TTM) ended in Today is €0.5365.

During the past 13 years, the highest Dividend Yield of Lakeland Bancorp was 5.20%. The lowest was 1.81%. And the median was 2.83%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Lakeland Bancorp 3-Year Dividend Growth Rate Related Terms>


Lakeland Bancorp (FRA:LKL) Business Description

Traded in Other Exchanges
Address
250 Oak Ridge Road, Oak Ridge, NJ, USA, 07438
Lakeland Bancorp Inc is a bank holding company. It offers retail banking, business banking, and investment programs. The company's services are lending, depository, short and medium term loans, line and letters of credit, inventory and accounts receivable financing, construction and mortgage loans, merchant credit card services, checking account, savings accounts, now accounts, money market accounts, certificate of deposits, safe deposit, consumer installment loans and also wire transfer, internet and mobile banking, night depository services and investment and advisory services. The company operates through offices located in New Jersey and New York. Its primary source of revenue is interest income generated from loans, leases and investment securities.

Lakeland Bancorp (FRA:LKL) Headlines

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