 WARSAW, Ind., Jan. 13, 2021 GLOBE NEWSWIRE -- Lakeland Financial Corporation Nasdaq Global SelectLKFN, parent company of Lake City Bank, announced that the Board of Directors approved a quarterly cash dividend for the fourth quarter of 2020 of 0.34 per share, payable on February 5, 2021 to shareholders of record as of January 25, 2021. The quarterly dividend represents a 13 increase over the quarterly dividend rate paid in the first three quarters of 2020. 