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

Key Points

• Lincoln National Corporation announced a quarterly dividend of $0.45 per share, set to be paid on November 3rd to stockholders of record by October 10th, representing an annualized yield of 4.4%.
• The company has a dividend payout ratio of 23.3%, indicating strong coverage by its expected earnings of $8.35 per share for the next year.
• Recent analyst ratings show a mixed outlook, with price targets ranging from $38 to $42 and an average rating of "Hold" from equities analysts.

Lincoln National Corporation (NYSE:LNC - Get Free Report) declared a quarterly dividend on Thursday, August 14th, RTT News reports. Shareholders of record on Friday, October 10th will be given a dividend of 0.45 per share by the financial services provider on Monday, November 3rd. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, October 10th.

Lincoln National has a dividend payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. 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 Price Performance

Shares of LNC stock traded up $0.27 on Tuesday, reaching $40.46. 522,512 shares of the company were exchanged, compared to its average volume of 1,968,942. Lincoln National has a 1 year low of $27.58 and a 1 year high of $41.08. The company has a debt-to-equity ratio of 0.67, a quick ratio of 0.26 and a current ratio of 0.26. The business has a 50-day moving average price of $35.35 and a 200 day moving average price of $34.71. The company has a market cap of $7.67 billion, a price-to-earnings ratio of 7.06, a P/E/G ratio of 0.56 and a beta of 1.42.

Lincoln National (NYSE:LNC - Get Free Report) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $2.36 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.91 by $0.45. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%.The company had revenue of $4.04 billion for the quarter, compared to analysts' expectations of $4.65 billion. During the same period in the previous year, the firm posted $1.87 EPS. Equities research analysts forecast that Lincoln National will post 7.69 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on LNC shares. Cfra Research raised shares of Lincoln National to a "hold" rating in a research note on Wednesday, August 6th. Barclays boosted their price objective on Lincoln National from $38.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Friday, May 9th. Wall Street Zen raised Lincoln National from a "sell" rating to a "hold" rating in a research note on Saturday, August 2nd. JPMorgan Chase & Co. boosted their price target on shares of Lincoln National from $38.00 to $41.00 and gave the company an "underweight" rating in a research report on Tuesday, July 8th. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Lincoln National from $40.00 to $42.00 and gave the stock a "market perform" rating in a research report on Monday, August 4th. One analyst has rated the stock with a Buy rating, eight have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $39.70.

Lincoln National Company Profile

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.