Lincoln National Corporation (NYSE:LNC) Shareholders to Receive $0.45 Quarterly Dividend

Lincoln National Corporation (NYSE:LNC) announced a quarterly dividend on Tuesday, November 10th. Shareholders of record on Monday, January 11th will be given a dividend of $0.45 per share by the financial services provider on Monday, February 1st. This represents a $1.80 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Monday, January 11th.

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 $8.65 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 20.8%.

Lincoln National Stock Performance

Shares of LNC stock traded up $0.10 on Wednesday, hitting $42.87. 145,831 shares of the stock were exchanged, compared to its average volume of 2,034,054. The company has a current ratio of 0.25, a quick ratio of 0.25 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $8.16 billion, a PE ratio of 2.65, a P/E/G ratio of 1.21 and a beta of 1.16. Lincoln National has a one year low of $32.18 and a one year high of $47.67. The firm’s 50 day moving average is $41.52 and its two-hundred day moving average is $39.04.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, November 5th. The financial services provider reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.24). Lincoln National had a return on equity of 17.02% and a net margin of 16.36%. The business had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same quarter in the prior year, the business earned $2.04 EPS. Sell-side analysts expect that Lincoln National will post 7.89 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Barclays boosted their price objective on Lincoln National from $45.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, October 7th. UBS Group raised their price objective on shares of Lincoln National from $44.00 to $46.00 and gave the company a “neutral” rating in a research report on Tuesday, October 6th. JPMorgan Chase & Co. reduced their price objective on shares of Lincoln National from $49.00 to $47.00 and set an “underweight” rating for the company in a research note on Thursday, October 15th. Bank of America reaffirmed a “neutral” rating and set a $47.00 target price on shares of Lincoln National in a report on Thursday, July 30th. Finally, National Bank Financial set a $49.00 price target on shares of Lincoln National in a report on Wednesday, October 7th. Seven research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Lincoln National currently has a consensus rating of “Hold” and a consensus price target of $48.67.

Lincoln National Company Profile

Lincoln National Corporation, operating as Lincoln Financial Group, is a financial services and insurance company whose businesses focus on protecting income and helping individuals and employers plan for financial needs. Its offerings include life insurance, annuities, workplace benefits and retirement plan services. The company serves individuals, employers and retirement plan participants primarily in the United States. Its workplace protection products include benefits such as disability and life insurance, while its retirement services support employers and employees with workplace savings plans.