Lincoln National Co. (NYSE:LNC) Announces $0.45 Quarterly Dividend

Lincoln National Co. (NYSE:LNC - Get Free Report) declared a quarterly dividend on Thursday, May 23rd, RTT News reports. Stockholders of record on Wednesday, July 10th will be given a dividend of 0.45 per share by the financial services provider on Thursday, August 1st. This represents a $1.80 annualized dividend and a dividend yield of 5.69%.

Lincoln National has increased its dividend by an average of 4.0% annually over the last three years. Lincoln National has a payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Lincoln National to earn $7.48 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 24.1%.

Lincoln National Stock Down 0.6 %

NYSE LNC traded down $0.19 during trading hours on Thursday, reaching $31.66. 1,582,029 shares of the company's stock were exchanged, compared to its average volume of 1,840,206. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.26 and a current ratio of 0.26. Lincoln National has a one year low of $20.47 and a one year high of $32.43. The company's 50-day moving average is $29.29 and its two-hundred day moving average is $27.30. The company has a market capitalization of $5.38 billion, a price-to-earnings ratio of 4.33, a price-to-earnings-growth ratio of 0.24 and a beta of 1.80.

Lincoln National (NYSE:LNC - Get Free Report) last issued its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.10 by $0.27. The company had revenue of $4.58 billion during the quarter, compared to the consensus estimate of $4.64 billion. Lincoln National had a net margin of 11.31% and a return on equity of 19.50%. On average, analysts forecast that Lincoln National will post 5.91 EPS for the current fiscal year.

Analyst Ratings Changes

LNC has been the topic of a number of research reports. Evercore ISI boosted their price target on Lincoln National from $33.00 to $35.00 and gave the company an "in-line" rating in a report on Thursday, April 11th. Wells Fargo & Company decreased their price target on shares of Lincoln National from $28.00 to $27.00 and set an "equal weight" rating for the company in a research note on Friday, May 10th. Piper Sandler cut their price objective on shares of Lincoln National from $32.00 to $30.00 and set a "neutral" rating on the stock in a research report on Monday, May 6th. Jefferies Financial Group raised shares of Lincoln National from a "hold" rating to a "buy" rating and raised their target price for the company from $26.00 to $34.00 in a research report on Wednesday. Finally, StockNews.com raised shares of Lincoln National from a "sell" rating to a "hold" rating in a research report on Monday, April 15th. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $29.90.

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.