Lincoln National Corporation’s Board of Directors Declares Series D Preferred Stock Dividend

Rhea-AI Summary

Lincoln Financial (NYSE:LNC) has announced a quarterly dividend of $562.50 per share on its 9.000% Non-Cumulative Preferred Stock, Series D. The dividend, which equates to $0.5625 per depositary share for holders of the $25,000 liquidation preference shares, will be paid on December 1, 2024. Shareholders must be on record by November 15, 2024, with an ex-dividend date of November 14, 2024.

Positive

• Maintains consistent quarterly dividend payments, indicating financial stability
• 9.000% preferred stock dividend yield demonstrates strong shareholder returns

Negative

• Non-cumulative nature of preferred stock means missed dividends won't accumulate

Insights

Financial Analyst

This quarterly preferred stock dividend announcement represents a routine distribution from Lincoln Financial's Series D preferred shares. The $0.5625 per depositary share payout maintains the 9% annual yield, which is relatively high compared to industry standards but consistent with previous distributions. While preferred dividends provide steady income for certain investors, they are a contractual obligation and this announcement doesn't signal any meaningful change in the company's financial position or strategy. The continuation of preferred dividend payments indicates basic financial stability but offers no new insights into the company's operational performance or future prospects.

RADNOR, Pa.--(BUSINESS WIRE)-- Lincoln Financial (NYSE:LNC) announced today that the board of directors of Lincoln National Corporation has declared a 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 dividend will be payable December 1, 2024 to holders of record on November 15, 2024. The ex-dividend date will be November 14, 2024.

About Lincoln Financial

Lincoln Financial 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 September 30, 2024, the company had $324 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. Learn more at LincolnFinancial.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20241101089053/en/

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

FAQ

What is the dividend amount for Lincoln Financial's Series D Preferred Stock for December 2024?

Lincoln Financial (LNC) declared a quarterly dividend of $562.50 per share on its Series D Preferred Stock, or $0.5625 per depositary share.

When is the ex-dividend date for Lincoln Financial's Series D Preferred Stock dividend?

The ex-dividend date for Lincoln Financial's (LNC) Series D Preferred Stock dividend is November 14, 2024.

What is the record date for Lincoln Financial's December 2024 preferred dividend?

The record date for Lincoln Financial's (LNC) Series D Preferred Stock dividend is November 15, 2024.

What is the yield on Lincoln Financial's Series D Preferred Stock?

Lincoln Financial's (LNC) Series D Preferred Stock carries a 9.000% non-cumulative dividend rate.