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Lincoln National Corporation’s Board of Directors Declares Series C and Series D Preferred Stock Dividends
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Rhea-AI Summary
Lincoln Financial Group (NYSE:LNC) has declared preferred stock dividends: $1,156.25 per share on the 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C, and $562.50 per share on the 9.000% Non-Cumulative Preferred Stock, Series D. Dividends will be payable on September 1, 2023, to shareholders of record on August 15, 2023.
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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 $1,156.25 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 $46.25 per depositary share.
Quarterly dividend of $562.50 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 $0.5625 per depositary share (NYSE: LNC PRD).
The above dividends will be payable September 1, 2023 to holders of record on August 15, 2023. The ex-dividend date will be August 14, 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 $290 billion in end-of-period account balances net of reinsurance as of March 31, 2023. Lincoln Financial Group is a committed corporate citizen included on major sustainability indices including the Dow Jones Sustainability Index North America 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 2023 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.
