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

Lincoln National Corporation (NYSE:LNC) declared a quarterly dividend on Thursday, November 13th. Stockholders of record on Monday, January 12th will be given a dividend of 0.45 per share by the financial services provider on Monday, February 2nd. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Monday, January 12th.

Lincoln National has raised its dividend by an average of 0.0%per year over the last three years. Lincoln National has a dividend payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. 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 Stock Up 0.4%

Shares of NYSE:LNC traded up $0.15 during midday trading on Friday, reaching $41.23. 167,336 shares of the company were exchanged, compared to its average volume of 1,881,221. The firm has a market cap of $7.83 billion, a PE ratio of 7.20, a P/E/G ratio of 0.50 and a beta of 1.49. Lincoln National has a fifty-two week low of $27.58 and a fifty-two week high of $43.66. The stock has a fifty day simple moving average of $40.43 and a two-hundred day simple moving average of $37.29. The company has a quick ratio of 0.26, a current ratio of 0.26 and a debt-to-equity ratio of 0.67.

Lincoln National (NYSE:LNC) last announced its earnings results on Thursday, October 30th. The financial services provider reported $2.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.20. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.80 billion. Lincoln National had a net margin of 6.34% and a return on equity of 19.14%. During the same period in the prior year, the business earned $2.06 EPS. As a group, sell-side analysts forecast that Lincoln National will post 7.69 earnings per share for the current year.

About Lincoln National

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.