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

Lincoln National Corporation (NYSE:LNC) 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) dividend on an annualized basis and a yield of 5.1%. The ex-dividend date of this dividend is Friday, July 10th.

Lincoln National has increased its dividend by an average of 0.0%annually over the last three years. Lincoln National has a payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. Equities 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%.

Lincoln National Stock Performance

Shares of LNC opened at $35.12 on Friday. The company has a quick ratio of 0.25, a current ratio of 0.25 and a debt-to-equity ratio of 0.65. The business has a 50-day simple moving average of $35.55 and a two-hundred day simple moving average of $38.97. The stock has a market cap of $6.71 billion, a price-to-earnings ratio of 4.07, a PEG ratio of 2.26 and a beta of 1.20. Lincoln National has a 52 week low of $31.69 and a 52 week high of $46.82.

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