Lakeland Financial Corporation announced, the board of directors approved a cash dividend of $0.19 per share for the fourth quarter of 2016, payable on February 6, 2017, to shareholders of record as of January 25, 2017. The fourth quarter dividend per share represents a 16% increase over the dividend rate paid in the last three quarters of 2015 and in the first quarter of 2016 of $0.163 per share on a split adjusted basis.