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

Lincoln National Corporation (NYSE:LNC) announced a quarterly dividend on Thursday, February 12th. Shareholders of record on Friday, April 10th will be paid a dividend of 0.45 per share by the financial services provider on Friday, May 1st. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, April 10th.

Lincoln National has raised its dividend payment 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. Equities research analysts expect Lincoln National to earn $8.35 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 Price Performance

Shares of NYSE LNC opened at $34.88 on Wednesday. Lincoln National has a fifty-two week low of $28.23 and a fifty-two week high of $46.82. The business has a 50 day moving average price of $36.75 and a two-hundred day moving average price of $40.02. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.59. The firm has a market cap of $6.63 billion, a PE ratio of 6.57, a price-to-earnings-growth ratio of 1.57 and a beta of 1.23.

Lincoln National (NYSE:LNC) last issued its quarterly earnings data on Thursday, February 12th. The financial services provider reported $2.21 earnings per share for the quarter, beating analysts’ consensus estimates of $1.86 by $0.35. Lincoln National had a return on equity of 18.52% and a net margin of 6.46%.The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.85 billion. During the same quarter last year, the firm earned $1.91 EPS. Lincoln National’s quarterly revenue was down 2.8% on a year-over-year basis. Sell-side analysts expect that Lincoln National will post 7.69 earnings per share for the current fiscal year.

Lincoln National Company Profile

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.