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

Lincoln National Co. (NYSE:LNC) announced a quarterly dividend on Thursday, November 14th,RTT News reports. Shareholders of record on Friday, January 10th will be given a dividend of 0.45 per share by the financial services provider on Monday, February 3rd. This represents a $1.80 annualized dividend and a yield of 5.09%. The ex-dividend date of this dividend is Friday, January 10th.

Lincoln National has increased its dividend by an average of 4.0% per year over the last three years. Lincoln National has a payout ratio of 23.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Lincoln National to earn $7.63 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 23.6%.

Lincoln National Trading Up 1.2 %

Lincoln National stock opened at $35.35 on Friday. The stock has a 50-day moving average price of $32.35 and a 200 day moving average price of $31.59. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of 25.25, a price-to-earnings-growth ratio of 0.31 and a beta of 1.79. Lincoln National has a 52 week low of $23.14 and a 52 week high of $36.98. The company has a quick ratio of 0.27, a current ratio of 0.27 and a debt-to-equity ratio of 0.73.

Lincoln National (NYSE:LNC) last announced its quarterly earnings data on Thursday, October 31st. The financial services provider reported $2.06 EPS for the quarter, beating the consensus estimate of $1.64 by $0.42. The business had revenue of $4.11 billion during the quarter, compared to analysts’ expectations of $4.61 billion. Lincoln National had a net margin of 2.51% and a return on equity of 18.15%. The business’s quarterly revenue was down 2.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.23 EPS. Sell-side analysts anticipate that Lincoln National will post 6.53 EPS for the current year.

Insider Transactions at Lincoln National

In other news, EVP John Christopher Kennedy sold 2,863 shares of Lincoln National stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $36.00, for a total value of $103,068.00. Following the sale, the executive vice president now directly owns 99,644 shares of the company’s stock, valued at $3,587,184. The trade was a 2.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.54% of the company’s stock.

Wall Street Analyst Weigh In

LNC has been the topic of several analyst reports. StockNews.com raised Lincoln National from a “sell” rating to a “hold” rating in a research report on Thursday, November 7th. Wells Fargo & Company raised their target price on Lincoln National from $28.00 to $29.00 and gave the stock an “equal weight” rating in a report on Thursday, October 10th. Morgan Stanley decreased their price target on Lincoln National from $30.00 to $29.00 and set an “equal weight” rating for the company in a report on Monday, August 19th. TD Cowen initiated coverage on shares of Lincoln National in a research note on Wednesday, October 9th. They set a “hold” rating and a $34.00 price objective on the stock. Finally, Piper Sandler decreased their target price on shares of Lincoln National from $37.00 to $34.00 and set a “neutral” rating for the company in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, Lincoln National currently has a consensus rating of “Hold” and an average target price of $33.00.

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.