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

Key Points

• Lincoln National declared a quarterly dividend of $0.45 per share, payable November 2 to shareholders of record October 12; the ex-dividend date is October 9. The annualized dividend is $1.80, representing a 3.9% yield.
• The dividend appears well covered, with a current payout ratio of 23.3% and an expected future payout ratio of 21.3% based on projected earnings of $8.45 per share.
• Lincoln National reported quarterly earnings of $2.24 per share, beating the $1.96 consensus estimate, while revenue rose 12.3% year over year to $4.93 billion.

Lincoln National Corporation (NYSE:LNC - Get Free Report) announced a quarterly dividend on Monday, August 10th. Shareholders of record on Monday, October 12th will be paid a dividend of 0.45 per share by the financial services provider on Monday, November 2nd. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, October 9th.

Lincoln National has raised its dividend payment by an average of 0.0%per year over the last three years. Lincoln National has a payout ratio of 23.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect Lincoln National to earn $8.45 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 21.3%.

Lincoln National Price Performance

Shares of NYSE LNC traded down $0.41 during midday trading on Monday, reaching $45.62. 1,995,911 shares of the company were exchanged, compared to its average volume of 2,055,727. The stock's 50-day moving average price is $39.34 and its 200-day moving average price is $37.61. The stock has a market cap of $8.73 billion, a P/E ratio of 3.95, a PEG ratio of 1.66 and a beta of 1.14. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.62. Lincoln National has a one year low of $32.18 and a one year high of $47.67.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $2.24 EPS for the quarter, beating analysts' consensus estimates of $1.96 by $0.28. Lincoln National had a return on equity of 17.35% and a net margin of 12.21%.The firm had revenue of $4.93 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period last year, the firm posted $2.36 earnings per share. The business's revenue for the quarter was up 12.3% on a year-over-year basis. On average, sell-side analysts anticipate that Lincoln National will post 7.82 earnings per share for the current fiscal year.

Lincoln National Company Profile

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.

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