Lincoln National Corporation (LNC) To Go Ex-Dividend on July 10th

Lincoln National Corporation (NYSE:LNC) announced a quarterly dividend on Thursday, May 28th. Investors 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) annualized dividend 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. Research 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 stock opened at $35.30 on Friday. The business’s 50 day simple moving average is $35.58 and its 200 day simple moving average is $38.95. 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 $6.75 billion, a PE ratio of 4.09, a PEG ratio of 2.25 and a beta of 1.20. 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 (NYSE:LNC) last announced its earnings results 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 business had revenue of $4.87 billion for the quarter, compared to analysts’ expectations of $4.93 billion. During the same period in the prior year, the business posted $1.60 earnings per share. The firm’s revenue was up 13.1% on a year-over-year basis. As a group, research analysts forecast that Lincoln National will post 7.72 earnings per share 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.