Lincoln National Corporation (NYSE:LNC) Announces Quarterly Dividend of $0.45

Lincoln National Corporation (NYSE:LNC – Get Free Report) announced a quarterly dividend on Thursday, May 28th. Shareholders of record on Friday, July 10th will be paid a dividend of 0.45 per share by the financial services provider on Monday, August 3rd. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Friday, July 10th.

Lincoln National has increased its dividend by an average of 0.0%per year over the last three years. Lincoln National has a payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Lincoln National to earn $8.32 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 21.6%.

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Lincoln National Stock Performance

Lincoln National stock opened at $35.12 on Friday. The company has a market cap of $6.71 billion, a PE ratio of 4.07, a PEG ratio of 2.26 and a beta of 1.20. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.65. Lincoln National has a 1 year low of $31.69 and a 1 year high of $46.82. The company’s 50-day moving average is $35.55 and its two-hundred day moving average is $38.97.

Lincoln National (NYSE:LNC – Get Free Report) last issued its quarterly earnings results on Thursday, May 7th. The financial services provider reported $1.66 EPS for the quarter, topping the consensus estimate of $1.58 by $0.08. Lincoln National had a net margin of 9.17% and a return on equity of 18.07%. The company had revenue of $4.87 billion during the quarter, compared to analysts’ expectations of $4.93 billion. During the same quarter in the previous year, the company earned $1.60 EPS. Lincoln National’s revenue was up 13.1% on a year-over-year basis. Equities analysts anticipate that Lincoln National will post 7.7 earnings per share for the current year.

About Lincoln National

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Lincoln National Corporation, doing business as Lincoln Financial Group, is a diversified financial services holding company focused on providing retirement, insurance, and wealth management solutions in the United States and select international markets. Headquartered in Radnor, Pennsylvania, the company operates through several business segments, including Retirement Plan Services, Life Insurance, and Group Protection. Its offerings are designed to help individuals, families, and institutions plan and prepare for their financial futures.

The Retirement Plan Services segment delivers recordkeeping, administrative services, and investment management for defined contribution and defined benefit plans.

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