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

Lincoln National Corporation (NYSE:LNC) declared a quarterly dividend on Tuesday, November 10th. Stockholders of record on Monday, January 11th will be paid a dividend of $0.45 per share by the financial services provider on Monday, February 1st. This represents a $1.80 dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Monday, January 11th.

Lincoln National has a payout ratio of 23.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Lincoln National to earn $8.65 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 20.8%.

Lincoln National Price Performance

Shares of NYSE:LNC traded down $0.11 during midday trading on Wednesday, reaching $42.66. 116,097 shares of the company’s stock were exchanged, compared to its average volume of 2,033,923. The company’s 50 day simple moving average is $41.52 and its two-hundred day simple moving average is $39.04. The firm has a market capitalization of $8.12 billion, a PE ratio of 2.63, a price-to-earnings-growth ratio of 1.21 and a beta of 1.16. Lincoln National has a 12 month low of $32.18 and a 12 month high of $47.67. The company has a debt-to-equity ratio of 0.73, a quick ratio of 0.25 and a current ratio of 0.25.

Lincoln National (NYSE:LNC) last posted its earnings results on Thursday, November 5th. The financial services provider reported $1.72 earnings per share for the quarter, missing analysts’ consensus estimates of $1.96 by ($0.24). Lincoln National had a net margin of 16.36% and a return on equity of 17.02%. The business had revenue of $5.06 billion during the quarter, compared to the consensus estimate of $4.97 billion. During the same period in the previous year, the firm earned $2.04 EPS. Equities research analysts expect that Lincoln National will post 7.89 earnings per share for the current fiscal year.

Lincoln National Company Profile

Lincoln National Corporation, operating as Lincoln Financial Group, is a financial services and insurance company whose businesses focus on protecting income and helping individuals and employers plan for financial needs. Its offerings include life insurance, annuities, workplace benefits and retirement plan services. The company serves individuals, employers and retirement plan participants primarily in the United States. Its workplace protection products include benefits such as disability and life insurance, while its retirement services support employers and employees with workplace savings plans.