Lincoln National Co. (NYSE:LNC) declared a quarterly dividend on Friday, May 26th. Shareholders of record on Monday, July 10th will be paid a dividend of 0.29 per share by the financial services provider on Tuesday, August 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.77%.

Lincoln National has increased its dividend by an average of 27.7% annually over the last three years and has raised its dividend annually for the last 6 consecutive years. Lincoln National has a dividend payout ratio of 15.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Lincoln National to earn $7.56 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 15.3%.

Shares of Lincoln National (NYSE:LNC) traded down 0.75% during trading on Friday, hitting $65.06. 287,057 shares of the company’s stock were exchanged. The company has a market cap of $14.59 billion, a P/E ratio of 10.67 and a beta of 2.10. The company has a 50-day moving average of $65.96 and a 200-day moving average of $66.55. Lincoln National has a 12-month low of $35.27 and a 12-month high of $73.31.

Lincoln National (NYSE:LNC) last issued its earnings results on Wednesday, May 3rd. The financial services provider reported $1.92 EPS for the quarter, beating the Zacks’ consensus estimate of $1.62 by $0.30. The business had revenue of $3.50 billion during the quarter, compared to analysts’ expectations of $3.54 billion. Lincoln National had a net margin of 8.88% and a return on equity of 9.93%. The company’s quarterly revenue was up 7.9% compared to the same quarter last year. During the same period in the prior year, the business earned $1.25 earnings per share. On average, equities analysts expect that Lincoln National will post $7.32 earnings per share for the current fiscal year.

Dividend History for Lincoln National (NYSE:LNC)

In related news, Director Eric G. Johnson sold 5,499 shares of the company’s stock in a transaction dated Monday, February 27th. The shares were sold at an average price of $70.60, for a total value of $388,229.40. Following the completion of the sale, the director now owns 12,100 shares of the company’s stock, valued at $854,260. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Michael F. Mee sold 30,173 shares of the company’s stock in a transaction dated Wednesday, May 10th. The shares were sold at an average price of $68.32, for a total transaction of $2,061,419.36. Following the completion of the sale, the director now directly owns 6,336 shares of the company’s stock, valued at approximately $432,875.52. The disclosure for this sale can be found here. Insiders sold 73,920 shares of company stock valued at $5,091,758 in the last three months. 1.41% of the stock is currently owned by insiders.

ILLEGAL ACTIVITY NOTICE: “Lincoln National Co. Plans Quarterly Dividend of $0.29 (LNC)” was published by American Banking News and is the sole property of of American Banking News. If you are viewing this report on another site, it was stolen and reposted in violation of US and international trademark and copyright legislation. The legal version of this report can be viewed at https://www.americanbankingnews.com/2017/05/26/lincoln-national-co-plans-quarterly-dividend-of-0-29-lnc.html.

A number of brokerages have recently commented on LNC. Wells Fargo & Co reiterated a “hold” rating on shares of Lincoln National in a research report on Thursday, May 4th. Bank of America Corp upgraded shares of Lincoln National from a “neutral” rating to a “buy” rating and set a $78.00 target price for the company in a research report on Thursday, April 6th. They noted that the move was a valuation call. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $75.00 target price on shares of Lincoln National in a research report on Tuesday, March 21st. Royal Bank of Canada reiterated an “outperform” rating and issued a $77.00 target price (up from $73.00) on shares of Lincoln National in a research report on Friday, February 3rd. Finally, Citigroup Inc began coverage on shares of Lincoln National in a research report on Thursday, January 26th. They issued a “buy” rating and a $77.00 target price for the company. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Lincoln National presently has an average rating of “Buy” and an average price target of $67.75.

About Lincoln National

Lincoln National Corporation is a holding company, which operates insurance and retirement businesses through subsidiary companies. The Company sells a range of wealth protection, accumulation and retirement income products and solutions, through its business segments. The Company operates through four segments: Annuities segment, which offers fixed (including indexed) and variable annuities; Retirement Plan Services segment, which provides employers with retirement plan products and services; Life Insurance segment, which focuses on the creation and protection of wealth through life insurance products, and Group Protection, which offers principally group non-medical insurance products.

12 Month Chart for NYSE:LNC

Receive News & Ratings for Lincoln National Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lincoln National Co. and related companies with MarketBeat.com's FREE daily email newsletter.