Lincoln National Co. Announces Quarterly Dividend of $0.16 (LNC)
Lincoln National (NYSE:LNC) announced a quarterly dividend on Thursday, August 14th, StockRatingsNetwork.com reports. Investors of record on Friday, October 10th will be paid a dividend of 0.16 per share on Saturday, November 1st. This represents a $0.64 annualized dividend and a dividend yield of 1.24%.
A number of analysts have recently weighed in on LNC shares. Analysts at Raymond James reiterated a “strong-buy” rating on shares of Lincoln National in a research note on Monday, August 4th. They now have a $61.50 price target on the stock, down previously from $63.00. On a related note, analysts at Zacks reiterated a “neutral” rating on shares of Lincoln National in a research note on Thursday, July 31st. They now have a $56.00 price target on the stock. Finally, analysts at Credit Suisse raised their price target on shares of Lincoln National from $49.00 to $52.00 in a research note on Thursday, July 31st. They now have an “underperform” rating on the stock. Two analysts have rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $57.71.
Shares of Lincoln National (NYSE:LNC) opened at 51.72 on Thursday. Lincoln National has a one year low of $40.84 and a one year high of $53.86. The stock’s 50-day moving average is $52.03 and its 200-day moving average is $50.17. The company has a market cap of $13.503 billion and a P/E ratio of 9.87.
Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $1.47 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.37 by $0.10. The company had revenue of $3.29 billion for the quarter, compared to the consensus estimate of $3.25 billion. During the same quarter in the prior year, the company posted $1.27 earnings per share. The company’s quarterly revenue was up 7.8% on a year-over-year basis. On average, analysts predict that Lincoln National will post $5.67 earnings per share for the current fiscal year.
Lincoln National Corporation (NYSE:LNC) is a holding company, which operates multiple insurance and retirement businesses through subsidiary companies.
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