Lakeland Industries declared a $0.03 cash dividend for Q1 2026, payable on February 24, 2025.
Quiver AI Summary
Lakeland Industries, Inc. has declared a cash dividend of $0.03 per share for its fiscal first quarter of 2026, scheduled to be paid on February 24, 2025, to stockholders of record as of February 17, 2025. Lakeland Fire + Safety is a global manufacturer of protective clothing and apparel catering to various sectors, including industry, healthcare, and first responders. The company distributes a comprehensive range of fire services and industrial protective gear through a strategic network of global distributors, serving end users such as government agencies, healthcare, and industrial markets across more than 50 countries. The press release also includes a "Safe Harbor" statement regarding forward-looking statements and their associated risks.
Potential Positives
- The declaration of a cash dividend of $0.03 per share demonstrates financial stability and a commitment to returning value to shareholders.
- The dividend payment date of February 24, 2025, and the record date of February 17, 2025, allow shareholders to anticipate and plan for the return on their investment.
- Maintaining dividends can enhance investor confidence and potentially attract more institutional investors looking for steady income through dividends.
Potential Negatives
- The declared dividend of $0.03 per share may indicate limited cash flow or profitability concerns, which could suggest financial strain within the company.
- Forward-looking statements include significant risks and uncertainties, which may lead investors to question the company's future performance and stability.
- The lack of substantial positive news in the release may lead to investor dissatisfaction and concerns about the company’s growth trajectory.
FAQ
What is the cash dividend announced by Lakeland Industries?
Lakeland Industries declared a cash dividend of $0.03 per share for the fiscal first quarter of 2026.
When will the dividend payment be made?
The dividend will be paid on February 24, 2025, to stockholders of record as of February 17, 2025.
Who are Lakeland's primary customers?
Lakeland's primary customers include federal, state, and local agencies, as well as industrial sectors like oil and pharmaceuticals.
In how many countries does Lakeland operate?
Lakeland operates in more than 50 countries, including major markets like China, Canada, and several European nations.
Where can I find more information about Lakeland Fire + Safety?
For more information, visit Lakeland's official website at www.lakeland.com.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$LAKE Insider Trading Activity
$LAKE insiders have traded $LAKE stock on the open market 9 times in the past 6 months. Of those trades, 9 have been purchases and 0 have been sales.
Here’s a breakdown of recent trading of $LAKE stock by insiders over the last 6 months:
- MARTIN G GLAVIN purchased 4,545 shares for an estimated $99,990
- NIKKI HAMBLIN has made 2 purchases buying 3,810 shares for an estimated $86,217 and 0 sales.
- JAMES M. JENKINS (President, CEO & Exec. Chair) has made 2 purchases buying 2,126 shares for an estimated $50,088 and 0 sales.
- LAUREL A. YARTZ (Chief Human Resources Officer) purchased 2,272 shares for an estimated $49,984
- AN HUI (Chief Operating Officer) purchased 2,000 shares for an estimated $44,000
- ROGER D SHANNON (Chief Financial Officer) purchased 1,000 shares for an estimated $23,230
- MELISSA KIDD purchased 909 shares for an estimated $19,998
To track insider transactions, check out Quiver Quantitative's insider trading dashboard.
$LAKE Hedge Fund Activity
We have seen 20 institutional investors add shares of $LAKE stock to their portfolio, and 35 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- PRIVATE CAPITAL MANAGEMENT, LLC removed 121,947 shares (-10.8%) from their portfolio in Q3 2024, for an estimated $2,451,134
- ACUITAS INVESTMENTS, LLC removed 78,101 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $1,995,480
- EAM INVESTORS, LLC removed 38,533 shares (-100.0%) from their portfolio in Q3 2024, for an estimated $774,513
- CRAWFORD INVESTMENT COUNSEL INC added 25,346 shares (+20.4%) to their portfolio in Q3 2024, for an estimated $509,454
- FIRST TRUST ADVISORS LP added 24,094 shares (+inf%) to their portfolio in Q3 2024, for an estimated $484,289
- CITIGROUP INC added 23,304 shares (+inf%) to their portfolio in Q3 2024, for an estimated $468,410
- PACIFIC RIDGE CAPITAL PARTNERS, LLC removed 21,385 shares (-6.9%) from their portfolio in Q3 2024, for an estimated $429,838
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
Full Release
HUNTSVILLE, Ala., Feb. 03, 2025 (GLOBE NEWSWIRE) -- Lakeland Industries, Inc. (“Lakeland Fire + Safety” or “Lakeland”) (NASDAQ: LAKE), a leading global manufacturer of protective clothing and apparel for industry, healthcare and first responders, today announced that its Board of Directors declared a cash dividend for its fiscal first quarter of 2026 of $0.03 per share. The dividend will be paid on February 24, 2025, to stockholders of record as of February 17, 2025.
About Lakeland Fire + Safety
Lakeland Fire + Safety manufactures and sells a comprehensive line of fire services and industrial protective clothing and accessories for the industrial and first responder markets. Our products are sold globally by our in-house sales teams, our customer service group, and authorized independent sales representatives to a strategic global network of selective fire and industrial distributors and wholesale partners. Our authorized distributors supply end users, such as integrated oil, chemical/petrochemical, automobile, transportation, steel, glass, construction, smelting, cleanroom, janitorial, pharmaceutical, and high technology electronics manufacturers, as well as scientific, medical laboratories and the utilities industry. In addition, we supply federal, state and local governmental agencies and departments, such as fire and law enforcement, airport crash rescue units, the Department of Defense, the Department of Homeland Security and the Centers for Disease Control. Internationally, we sell to a mixture of end users directly and to industrial distributors, depending on the particular country and market. In addition to the United States, sales are made into more than 50 foreign countries, the majority of which were into China, the European Economic Community ("EEC"), Canada, Chile, Argentina, Russia, Kazakhstan, Colombia, Mexico, Ecuador, India, Uruguay, Middle East, Southeast Asia, Australia, Hong Kong and New Zealand.
For more information concerning Lakeland, please visit the Company online at www.lakeland.com .
"Safe Harbor" Statement Under the Private Securities Litigation Reform Act of 1995
This press release contains "forward-looking statements" as that phrase is defined in the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical facts, which address Lakeland's expectations of sources or uses for capital or which express the Company's expectation for the future with respect to financial performance or operating strategies, including statements regarding the public offering and the use of proceeds therefrom, can be identified as forward-looking statements. Forward-looking statements involve risks, uncertainties and assumptions as described from time to time in Press Releases and Forms 8-K, registration statements, quarterly and annual reports and other reports and filings filed with the Securities and Exchange Commission or made by management. As a result, there can be no assurance that Lakeland's future results will not be materially different from those described herein as "believed," "projected," "planned," "intended," "anticipated," "can," "estimated" or "expected," or other words which reflect the current view of the Company with respect to future events. We caution readers that these forward-looking statements speak only as of the date hereof. The Company hereby expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any such statements to reflect any change in the Company's expectations or any change in events, conditions or circumstances on which such statement is based, except as may be required by law.
Contacts
Lakeland Fire + Safety
256-600-1390
Roger Shannon
Chief Financial Officer
[email protected]
Investor Relations
Chris Tyson
Executive Vice President
MZ Group - MZ North America
949-491-8235
[email protected]
www.mzgroup.us