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

Lincoln National Co. (NYSE:LNC) announced a quarterly dividend on Thursday, February 20th, RTT News reports. Shareholders of record on Thursday, April 10th will be paid a dividend of 0.45 per share by the financial services provider on Thursday, May 1st. This represents a $1.80 dividend on an annualized basis and a yield of 4.64%.

Lincoln National has increased its dividend by an average of 1.7% per year over the last three years. Lincoln National has a dividend payout ratio of 21.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Lincoln National to earn $8.35 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 21.6%.

Lincoln National Stock Down 0.7 %

LNC traded down $0.26 during trading on Thursday, hitting $38.82. The company had a trading volume of 1,697,711 shares, compared to its average volume of 1,608,964. The business has a 50-day moving average of $33.67 and a 200-day moving average of $32.83. The company has a market cap of $6.61 billion, a PE ratio of 2.11, a P/E/G ratio of 0.30 and a beta of 1.79. Lincoln National has a 1-year low of $25.60 and a 1-year high of $39.85. The company has a debt-to-equity ratio of 0.80, a current ratio of 0.27 and a quick ratio of 0.27.

Lincoln National (NYSE:LNC) last posted its quarterly earnings results on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. As a group, analysts forecast that Lincoln National will post 7.69 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on LNC shares. Barclays lifted their target price on shares of Lincoln National from $36.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 7th. Wells Fargo & Company boosted their target price on shares of Lincoln National from $28.00 to $36.00 and gave the company an “equal weight” rating in a research note on Wednesday. TD Cowen raised their target price on Lincoln National from $34.00 to $37.00 and gave the stock a “hold” rating in a research report on Wednesday, November 27th. Morgan Stanley lifted their price target on Lincoln National from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, February 14th. Finally, Keefe, Bruyette & Woods increased their price objective on Lincoln National from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and one has given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $37.10.

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.