Published on 30 Jul 2023 on Simply Wall St. via Yahoo Finance

There's A Lot To Like About Lakeland Bancorp's (NASDAQ:LBAI) Upcoming US$0.14 Dividend

Lakeland Bancorp, Inc. (NASDAQ:LBAI) stock is about to trade ex-dividend in four days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. This means that investors who purchase Lakeland Bancorp's shares on or after the 4th of August will not receive the dividend, which will be paid on the 16th of August.

The company's upcoming dividend is US$0.14 a share, following on from the last 12 months, when the company distributed a total of US$0.58 per share to shareholders. Looking at the last 12 months of distributions, Lakeland Bancorp has a trailing yield of approximately 3.7% on its current stock price of $15.67. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. As a result, readers should always check whether Lakeland Bancorp has been able to grow its dividends, or if the dividend might be cut.

See our latest analysis for Lakeland Bancorp