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Lincoln National Corporation’s Board of Directors Declares Series C and Series D Preferred Stock Dividends
Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
managementdividends
Rhea-AI Summary
Lincoln Financial Group (NYSE:LNC) has announced the declaration of preferred stock dividends. A semi-annual dividend of $635.9375 per share will be paid on its 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C, with a payment of $25.4375 per depositary share. Additionally, a quarterly dividend of $618.75 per share will be distributed for the 9.000% Non-Cumulative Preferred Stock, Series D, translating to $0.61875 per depositary share (LNC,PRD). These dividends are payable on March 1, 2023, with a record date of February 18, 2023.
Positive
Declaring a semi-annual dividend of $635.9375 enhances shareholder income.
Quarterly dividend of $618.75 demonstrates company confidence in financial stability.
Negative
None.
RADNOR, Pa.--(BUSINESS WIRE)--
Lincoln Financial Group (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation has declared the following preferred stock dividends:
Semi-annual dividend of $635.9375 per share on the corporation’s 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C, $25,000 liquidation preference per share, represented by depositary shares each representing a 1/25th interest in a share of the preferred stock, holders of which will receive $25.4375 per depositary share.
Quarterly dividend of $618.75 per share on the corporation’s 9.000% Non-Cumulative Preferred Stock, Series D, $25,000 liquidation preference per share, represented by depositary shares each representing a 1/1,000th interest in a share of the preferred stock, holders of which will receive $0.61875 per depositary share (NYSE: LNC PRD).
The above dividends will be payable March 1, 2023 to holders of record on February 18, 2023. The ex-dividend date will be February 16, 2023.
About Lincoln Financial Group
Lincoln Financial Group provides advice and solutions that help people take charge of their financial lives with confidence and optimism. Today, approximately 16 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, and guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. The company had $282 billion in end-of-period account values as of December 31, 2022. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America and FTSE4Good and ranks among Newsweek’s Most Responsible Companies. Dedicated to diversity, equity and inclusion, we are included on transparency benchmarking tools such as the Corporate Equality Index, the Disability Equality Index and the Bloomberg Gender-Equality Index. Committed to providing our employees with flexible work arrangements, we were named to FlexJobs’ list of the Top 100 Companies to Watch for Remote Jobs in 2022. With a long and rich legacy of acting ethically, telling the truth and speaking up for what is right, Lincoln was recognized as one of Ethisphere’s 2022 World’s Most Ethical Companies®. We create opportunities for early career talent through our intern development program, which ranks among WayUp and Yello’s annual list of Top 100 Internship Programs. Learn more at: www.LincolnFinancial.com. Follow us on Facebook, Twitter, LinkedIn, and Instagram. Sign up for email alerts at http://newsroom.lfg.com.
