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Lincoln National Corporation';s Board of Directors Declares Quarterly Cash Dividend

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Lincoln Financial Group (LNC) declares a quarterly cash dividend of $0.45 per share on common stock, payable on May 1, 2024, to shareholders of record on April 10, 2024.
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Insights

The declaration of a quarterly cash dividend of $0.45 per share by Lincoln Financial Group represents a tangible return to shareholders and is a direct indicator of the company's current financial health and its confidence in generating consistent cash flows. Dividends are often a signal of a company's stability and maturity, as well as its commitment to returning value to shareholders.

From a financial analysis standpoint, the dividend yield, which is the dividend per share divided by the stock price, becomes a key metric for investors. It is essential to compare this yield with industry averages and historical dividend payouts of the company to assess the attractiveness of the stock for income-focused investors. Moreover, the payout ratio, which is the proportion of earnings paid out as dividends, should be evaluated to determine the sustainability of these dividends in the long term.

It is also critical to consider the company's investment opportunities and whether the capital could be better utilized for higher returns within the business. A balance must be struck between rewarding shareholders and reinvesting in growth opportunities.

The announcement of a dividend can have various implications for stock market perception and investor sentiment. For instance, it may lead to an increase in stock demand, particularly among value investors and those seeking steady income streams. Conversely, if the dividend is lower than expected or represents a decrease from previous payouts, it could lead to negative market reactions.

Analysts also examine the timing of such announcements, as they may coincide with strategic corporate events or economic cycles. The consistency of dividend payments is a strong indicator of financial stability, which can influence both retail and institutional investment decisions.

Market research should also take into account the overall economic environment, as factors such as interest rate changes, inflation and economic downturns can affect dividend sustainability and attractiveness relative to other investment vehicles like bonds.

RADNOR, Pa.--(BUSINESS WIRE)-- Lincoln Financial Group (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation declared a quarterly cash dividend of $0.45 per share on the corporation’s common stock. The dividend on the common stock will be payable May 1, 2024 to shareholders of record at the close of business on April 10, 2024.

About Lincoln Financial Group

Lincoln Financial Group helps people to plan, protect and retire with confidence. As of December 31, 2023, approximately 17 million customers trust our guidance and solutions across four core businesses – annuities, life insurance, group protection, and retirement plan services. As of December 31, 2023, the company had $295 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. Learn more at LincolnFinancial.com.

Tina Madon

445-280-0488

Investor Relations

Tina.Madon@LFG.com

Sarah Boxler

215-495-8439

Media Relations

Sarah.Boxler@LFG.com

Source: Lincoln Financial Group

FAQ

What is the dividend amount declared by Lincoln Financial Group (LNC) on its common stock?

Lincoln Financial Group (LNC) declared a quarterly cash dividend of $0.45 per share on its common stock.

When will the dividend on Lincoln Financial Group (LNC) common stock be payable?

The dividend on Lincoln Financial Group (LNC) common stock will be payable on May 1, 2024.

Who are eligible to receive the dividend on Lincoln Financial Group (LNC) common stock?

Shareholders of record at the close of business on April 10, 2024, are eligible to receive the dividend on Lincoln Financial Group (LNC) common stock.

Lincoln National Corp.

NYSE:LNC

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LNC Stock Data

6.05B
169.67M
0.31%
74.87%
2.13%
Insurance - Life
Life Insurance
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United States of America
RADNOR