Lincoln National Corporation (LNC) to Issue Quarterly Dividend of $0.45 on February 1st

Lincoln National Corporation (NYSE:LNC) declared a quarterly dividend on Tuesday, November 10th. Investors of record on Monday, January 11th will be given 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 is Monday, January 11th.

Lincoln National has a payout ratio of 23.3% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Lincoln National to earn $8.67 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 LNC opened at $42.54 on Thursday. The firm has a market capitalization of $8.10 billion, a PE ratio of 2.63, a PEG ratio of 1.21 and a beta of 1.16. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.25 and a quick ratio of 0.25. Lincoln National has a fifty-two week low of $32.18 and a fifty-two week high of $47.67. The company’s 50-day moving average is $41.51 and its 200-day moving average is $39.05.

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

Analyst Upgrades and Downgrades

Several brokerages have weighed in on LNC. UBS Group lifted their price objective on shares of Lincoln National from $44.00 to $46.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 6th. Mizuho decreased their target price on Lincoln National from $53.00 to $49.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 7th. TD Cowen increased their price target on Lincoln National from $37.00 to $42.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. National Bank Financial set a $49.00 price objective on Lincoln National in a report on Wednesday, October 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Lincoln National in a report on Friday, October 30th. Seven equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $48.67.

About Lincoln National

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.