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Lakeland Financial ups quarterly dividend

The board of Warsaw, Ind.-based Lakeland Financial Corp. approved a quarterly cash dividendof 28 cents per share for the first quarter, according to an April 12 news release.

The dividend, payable May 5 to shareholders of record as of April25, represents a 14% increase over the dividend paid in February 2016.

Lakeland Financial Corp. is the parent of Lake City Bank.