Lincoln National Co. (NYSE:LNC) announced a quarterly dividend on Wednesday, August 7th, RTT News reports. Shareholders of record on Thursday, October 10th will be given a dividend of 0.37 per share by the financial services provider on Friday, November 1st. This represents a $1.48 annualized dividend and a yield of 2.65%. The ex-dividend date is Wednesday, October 9th.

Lincoln National has raised its dividend by an average of 18.2% annually over the last three years and has increased its dividend annually for the last 8 consecutive years. Lincoln National has a payout ratio of 17.8% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Lincoln National to earn $10.26 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 14.4%.

Lincoln National stock opened at $55.94 on Tuesday. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.30. The business’s fifty day simple moving average is $56.79 and its two-hundred day simple moving average is $61.49. Lincoln National has a 12 month low of $48.07 and a 12 month high of $70.83. The company has a market capitalization of $11.32 billion, a price-to-earnings ratio of 6.60, a price-to-earnings-growth ratio of 0.68 and a beta of 1.99.

Lincoln National (NYSE:LNC) last released its earnings results on Wednesday, July 31st. The financial services provider reported $2.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.32 by $0.04. Lincoln National had a return on equity of 11.85% and a net margin of 8.74%. The business had revenue of $4.31 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the previous year, the company posted $2.02 earnings per share. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year. On average, equities research analysts predict that Lincoln National will post 9.3 EPS for the current year.

Several research analysts have recently weighed in on LNC shares. ValuEngine upgraded Lincoln National from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 2nd. Wells Fargo & Co restated a “hold” rating and issued a $69.00 price target on shares of Lincoln National in a research note on Wednesday, July 31st. Citigroup decreased their price target on Lincoln National from $75.00 to $70.00 and set a “buy” rating for the company in a research note on Friday, September 13th. Goldman Sachs Group upgraded Lincoln National from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $65.00 to $77.00 in a research note on Tuesday, June 25th. Finally, Barclays set a $69.00 price target on Lincoln National and gave the stock a “buy” rating in a research note on Monday, August 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the stock. Lincoln National currently has a consensus rating of “Buy” and an average target price of $74.64.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates through four segments: Annuities, Retirement Plan Services, Life Insurance, and Group Protection. The Annuities segment offers variable, fixed, and indexed variable annuities.

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Dividend History for Lincoln National (NYSE:LNC)

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