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

Lincoln National Corporation (NYSE:LNC) announced a quarterly dividend on Monday, August 10th. Stockholders of record on Monday, October 12th will be paid a dividend of 0.45 per share by the financial services provider on Monday, November 2nd. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, October 9th.

Lincoln National has raised its dividend payment by an average of 0.0%annually over the last three years. Lincoln National has a payout ratio of 23.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Lincoln National to earn $8.45 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 21.3%.

Lincoln National Stock Performance

Shares of NYSE:LNC traded down $0.41 during midday trading on Monday, hitting $45.62. The company had a trading volume of 1,995,911 shares, compared to its average volume of 2,055,727. Lincoln National has a 12-month low of $32.18 and a 12-month high of $47.67. The company has a fifty day moving average of $39.34 and a two-hundred day moving average of $37.61. The company has a market cap of $8.73 billion, a price-to-earnings ratio of 3.95, a PEG ratio of 1.66 and a beta of 1.14. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.27 and a quick ratio of 0.27.

Lincoln National (NYSE:LNC) last released its earnings results on Thursday, July 30th. The financial services provider reported $2.24 earnings per share for the quarter, beating the consensus estimate of $1.96 by $0.28. Lincoln National had a return on equity of 17.35% and a net margin of 12.21%.The company had revenue of $4.93 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same period in the previous year, the business earned $2.36 earnings per share. Lincoln National’s quarterly revenue was up 12.3% compared to the same quarter last year. On average, equities research analysts expect that Lincoln National will post 7.82 EPS for the current fiscal year.

About Lincoln National

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.