Dividend Changes: Lithia Motors, Molex, GlaxoSmithKline, Lakeland Financial, W.W. Grainger

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Lithia Motors Inc. (NYSE:LAD) announced that the Board of Directors has authorized a dividend for Q1 of 2012 and increased the amount to 10c per share. Lithia will pay the dividend May 25 to shareholders of record on May 11.

Molex’s (NASDAQ:MOLX) board of directors approved an increase in the quarterly cash dividend to 22c per share, an increase of 10% from the previous cash dividend of 20c per share. The increase is effective for the cash dividend payable on July 25 to shareholders of record on June 29, for each share of Common Stock, Class A Common Stock and Class B Common Stock, and will continue quarterly until further action by the board.

GlaxoSmithKline plc (NYSE:GSK) raises dividend to 17p from 16p.

Lakeland Financial Corp. (NASDAQ:LKFN) also announced that the Board of Directors approved a cash dividend for the first quarter of 17c per share, payable on May 7 to shareholders of record as of April 25. The quarterly dividend represents a 10% increase over the quarterly dividends paid in 2011.

W.W. Grainger’s (NYSE:GWW) board of directors voted to raise the quarterly cash dividend by 21% to 80c per share payable on June 1, 2012, to shareholders of record on May 14, 2012.

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