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

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

Lincoln National Trading Down 0.2%

Lincoln National stock opened at $35.12 on Friday. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.25 and a quick ratio of 0.25. Lincoln National has a one year low of $31.69 and a one year high of $46.82. The stock has a market capitalization of $6.71 billion, a PE ratio of 4.07, a price-to-earnings-growth ratio of 2.26 and a beta of 1.20. The business’s fifty day moving average is $35.55 and its 200 day moving average is $38.97.

Lincoln National (NYSE:LNC) last released its quarterly earnings data on Thursday, May 7th. The financial services provider reported $1.66 EPS for the quarter, beating the consensus estimate of $1.58 by $0.08. Lincoln National had a return on equity of 18.07% and a net margin of 9.17%.The company had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.93 billion. During the same period last year, the firm posted $1.60 earnings per share. Lincoln National’s revenue was up 13.1% compared to the same quarter last year. On average, sell-side analysts predict that Lincoln National will post 7.7 EPS for the current 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.