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

Lincoln National Co. (NYSE:LNC) declared a quarterly dividend on Thursday, November 14th,RTT News reports. Investors of record on Friday, January 10th will be paid a dividend of 0.45 per share by the financial services provider on Monday, February 3rd. This represents a $1.80 dividend on an annualized basis and a dividend yield of 5.15%.

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 23.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Lincoln National to earn $7.63 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 23.6%.

Lincoln National Stock Down 0.3 %

Shares of Lincoln National stock traded down $0.11 during midday trading on Thursday, hitting $34.92. The company’s stock had a trading volume of 1,062,778 shares, compared to its average volume of 1,652,938. The firm has a market capitalization of $5.95 billion, a P/E ratio of 25.01, a PEG ratio of 0.32 and a beta of 1.79. The stock has a 50-day simple moving average of $32.16 and a 200-day simple moving average of $31.52. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.73. Lincoln National has a 1-year low of $23.14 and a 1-year high of $36.98.

Lincoln National (NYSE:LNC) last issued its earnings results on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, topping the consensus estimate of $1.64 by $0.42. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Lincoln National had a return on equity of 18.15% and a net margin of 2.51%. Lincoln National’s revenue was down 2.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. As a group, sell-side analysts expect that Lincoln National will post 6.53 earnings per share for the current year.

Insider Transactions at Lincoln National

In other Lincoln National news, EVP John Christopher Kennedy sold 2,863 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of $36.00, for a total transaction of $103,068.00. Following the completion of the sale, the executive vice president now owns 99,644 shares in the company, valued at approximately $3,587,184. The trade was a 2.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.54% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

LNC has been the subject of a number of research reports. Piper Sandler reduced their price objective on Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a research report on Wednesday, October 2nd. TD Cowen started coverage on Lincoln National in a research note on Wednesday, October 9th. They issued a “hold” rating and a $34.00 price objective on the stock. Wells Fargo & Company lifted their price objective on Lincoln National from $28.00 to $29.00 and gave the stock an “equal weight” rating in a research note on Thursday, October 10th. StockNews.com upgraded Lincoln National from a “sell” rating to a “hold” rating in a research note on Thursday, November 7th. Finally, Morgan Stanley dropped their price objective on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating on the stock in a research note on Monday, August 19th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $33.00.

About Lincoln National

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.