Lincoln National Co. Announces Quarterly Dividend of $0.45 (NYSE:LNC)

Lincoln National Co. (NYSE:LNC) announced a quarterly dividend on Thursday, August 22nd, RTT News reports. Investors of record on Thursday, October 10th will be given a dividend of 0.45 per share by the financial services provider on Friday, November 1st. This represents a $1.80 annualized dividend and a yield of 5.73%. The ex-dividend date of this dividend is Thursday, October 10th.

Lincoln National has raised its dividend payment by an average of 4.0% annually over the last three years. Lincoln National has a dividend payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Research analysts expect Lincoln National to earn $7.54 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 23.9%.

Lincoln National Price Performance

Shares of NYSE LNC opened at $31.39 on Wednesday. The stock has a market capitalization of $5.34 billion, a PE ratio of 4.29, a P/E/G ratio of 0.31 and a beta of 1.81. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.27 and a quick ratio of 0.27. The business has a fifty day moving average price of $30.80 and a two-hundred day moving average price of $30.78. Lincoln National has a fifty-two week low of $20.85 and a fifty-two week high of $36.46.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $1.84 earnings per share for the quarter, beating the consensus estimate of $1.77 by $0.07. The firm had revenue of $5.15 billion during the quarter, compared to analysts’ expectations of $4.65 billion. Lincoln National had a return on equity of 17.13% and a net margin of 12.24%. During the same period in the previous year, the firm earned $2.02 EPS. As a group, equities analysts predict that Lincoln National will post 5.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on LNC. Piper Sandler dropped their price objective on Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, October 2nd. Morgan Stanley lowered their price target on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. Barclays boosted their price target on Lincoln National from $35.00 to $36.00 and gave the stock an “equal weight” rating in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on Lincoln National from $28.00 to $34.00 and gave the stock an “underweight” rating in a report on Tuesday, July 2nd. Finally, Bank of America lowered their price target on Lincoln National from $32.00 to $31.00 and set a “neutral” rating for the company in a report on Thursday, July 11th. One investment analyst has rated the stock with a sell rating, nine have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $32.73.

Lincoln National Company Profile

Lincoln National Corporation, through its subsidiaries, operates multiple insurance and retirement businesses in the United States. It operates in four segments: Life Insurance, Annuities, Group Protection, and Retirement Plan Services. The Life Insurance segment provides life insurance products, including term insurance, universal life insurance (UL), indexed universal life insurance, variable universal life insurance (VUL), linked-benefit UL and VUL products, and critical illness and long-term care riders.