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Lakeland Financial accelerates quarterly dividend

Lakeland Financial, parent company of Lake City Bank, announced that the board approved a quarterly cash dividend for Q4 of 17c per share, payable on December 31 to shareholders of record as of December 18. This quarterly dividend represents an acceleration of the normal quarterly dividend that would have been paid to shareholders in 1Q13. The company reported that it made the decision to accelerate the fourth quarter dividend to shareholders in light of the potential increase in taxes on dividend income in 2013.