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. Stockholders of record on Friday, October 10th will be paid 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 dividend yield of 4.4%.

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 Price Performance

Shares of LNC traded up $0.37 during mid-day trading on Thursday, reaching $40.98. The company had a trading volume of 1,740,050 shares, compared to its average volume of 2,294,674. The company has a market capitalization of $7.77 billion, a P/E ratio of 7.15, a P/E/G ratio of 0.56 and a beta of 1.42. Lincoln National has a twelve month low of $27.58 and a twelve month high of $40.99. The company's 50-day moving average is $35.08 and its 200-day moving average is $34.64. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.26 and a quick ratio of 0.26.

Lincoln National (NYSE:LNC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $2.36 EPS for the quarter, topping analysts' consensus estimates of $1.91 by $0.45. The business had revenue of $4.04 billion for the quarter, compared to analyst estimates of $4.65 billion. Lincoln National had a return on equity of 19.14% and a net margin of 6.34%. During the same period in the prior year, the company earned $1.87 EPS. On average, equities analysts anticipate that Lincoln National will post 7.69 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. increased their price target on Lincoln National from $38.00 to $41.00 and gave the stock an "underweight" rating in a research report on Tuesday, July 8th. Morgan Stanley increased their price target on Lincoln National from $32.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Monday, May 19th. Wells Fargo & Company restated a "positive" rating on shares of Lincoln National in a research report on Tuesday, August 5th. Wall Street Zen upgraded Lincoln National from a "sell" rating to a "hold" rating in a research report on Saturday, August 2nd. Finally, Keefe, Bruyette & Woods increased their price objective on Lincoln National from $40.00 to $42.00 and gave the company a "market perform" rating in a research report on Monday, August 4th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $39.22.

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.

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