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

Lincoln National Corporation (NYSE:LNC) declared a quarterly dividend on Tuesday, November 10th. Investors of record on Monday, January 11th will be paid 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 dividend yield of 4.2%. The ex-dividend date is Monday, January 11th.

Lincoln National has a dividend payout ratio of 23.3% meaning its dividend is sufficiently covered by earnings. Equities 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 down $0.11 during trading on Wednesday, reaching $42.66. The company had a trading volume of 116,097 shares, compared to its average volume of 2,033,923. The firm’s 50 day simple moving average is $41.52 and its two-hundred day simple moving average is $39.04. Lincoln National has a one year low of $32.18 and a one year high of $47.67. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.25 and a quick ratio of 0.25. The company has a market capitalization of $8.12 billion, a PE ratio of 2.63, a PEG ratio of 1.21 and a beta of 1.16.

Lincoln National (NYSE:LNC) last announced its earnings results on Thursday, November 5th. The financial services provider reported $1.72 earnings per share (EPS) 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 company had revenue of $5.06 billion for the quarter, compared to the consensus estimate of $4.97 billion. During the same period in the previous year, the company earned $2.04 EPS. Sell-side analysts forecast that Lincoln National will post 7.89 earnings per share for the current year.

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.