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

Lincoln National Co. (NYSE:LNC - Get Free Report) declared 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 4.81%. The ex-dividend date is Thursday, April 10th.

Lincoln National has raised its dividend payment by an average of 1.7% per year over the last three years. Lincoln National has a payout ratio of 21.4% indicating that its dividend is sufficiently covered by earnings. Research 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 0.3 %

NYSE:LNC traded down $0.13 during trading hours on Monday, reaching $37.42. 1,957,495 shares of the company traded hands, compared to its average volume of 1,620,380. The business's 50-day moving average price is $33.97 and its two-hundred day moving average price is $33.04. The stock has a market capitalization of $6.37 billion, a P/E ratio of 2.04, 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 current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 0.80.

Lincoln National (NYSE:LNC - Get Free Report) last announced its quarterly earnings data on Thursday, February 6th. The financial services provider reported $1.91 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.87 by $0.04. Lincoln National had a return on equity of 18.47% and a net margin of 17.76%. Analysts predict that Lincoln National will post 7.69 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on LNC. TD Cowen boosted their price target on Lincoln National from $34.00 to $37.00 and gave the stock a "hold" rating in a research note on Wednesday, November 27th. Keefe, Bruyette & Woods upped their price objective on Lincoln National from $37.00 to $40.00 and gave the company a "market perform" rating in a research report on Wednesday, February 12th. Morgan Stanley upped their price objective on Lincoln National from $36.00 to $39.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Wells Fargo & Company upped their price objective on Lincoln National from $28.00 to $36.00 and gave the company an "equal weight" rating in a research report on Wednesday, February 19th. Finally, Barclays upped their price objective on Lincoln National from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, February 7th. 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's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $37.10.

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.