Lincoln National's last quarterly dividend of $0.45 per share was on Apr 9, 2024 (ex-date). The annualized dividend payment of $1.8 per share represents a current dividend yield of 6.7%.
LNC has a dividend yield of 6.7% which is above the Financial Services sector, the industry and its peers average. In comparison with its Financial Services sector average of 3.56%, Lincoln National's dividend yield is 88% higher. Historically LNC's dividend yield has averaged at 4.3% in the last 5 years, which is lower than the current yield.
Lincoln National has a history of paying dividends since 1994. Our records of LNC show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed since one year ago. But with the stock price up by 22% from a year ago, the dividend yield marks a decrease of 18%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Apr 9, 2024 | May 1, 2024 | Feb 22, 2024 | $0.45 | normal |
| Jan 9, 2024 | Feb 1, 2024 | Nov 9, 2023 | $0.45 | normal |
| Oct 6, 2023 | Nov 1, 2023 | Aug 10, 2023 | $0.45 | normal |
| Jul 7, 2023 | Aug 1, 2023 | May 25, 2023 | $0.45 | normal |
| Apr 6, 2023 | May 1, 2023 | Feb 16, 2023 | $0.45 | normal |
| Jan 9, 2023 | Feb 1, 2023 | Nov 2, 2022 | $0.45 | normal |
| Oct 7, 2022 | Nov 1, 2022 | Aug 11, 2022 | $0.45 | normal |
| Oct 6, 2022 | Nov 1, 2022 | Aug 11, 2022 | $0.45 | normal |
| Jul 8, 2022 | Aug 1, 2022 | May 27, 2022 | $0.45 | normal |
| Apr 8, 2022 | May 2, 2022 | Feb 17, 2022 | $0.45 | normal |
| Jan 7, 2022 | Feb 1, 2022 | Nov 3, 2021 | $0.45 | normal |
| Oct 7, 2021 | Nov 1, 2021 | Aug 18, 2021 | $0.42 | normal |
| Jul 9, 2021 | Aug 2, 2021 | Jun 3, 2021 | $0.42 | normal |
| Apr 9, 2021 | May 3, 2021 | Feb 18, 2021 | $0.42 | normal |
| Jan 8, 2021 | Feb 1, 2021 | Nov 4, 2020 | $0.42 | normal |
| Oct 8, 2020 | Nov 1, 2020 | Aug 20, 2020 | $0.4 | normal |
| Jul 9, 2020 | Aug 1, 2020 | Jun 12, 2020 | $0.4 | normal |
| Apr 9, 2020 | May 1, 2020 | Feb 20, 2020 | $0.4 | normal |
| Jan 9, 2020 | Feb 1, 2020 | Oct 30, 2019 | $0.4 | normal |
| Oct 9, 2019 | Nov 1, 2019 | Aug 7, 2019 | $0.37 | normal |
| Jul 9, 2019 | Aug 1, 2019 | May 24, 2019 | $0.37 | normal |
| Apr 9, 2019 | May 1, 2019 | Feb 28, 2019 | $0.37 | normal |
| Jan 9, 2019 | Feb 1, 2019 | Nov 1, 2018 | $0.37 | normal |
| Oct 9, 2018 | Nov 1, 2018 | Aug 9, 2018 | $0.33 | normal |
| Jul 9, 2018 | Aug 1, 2018 | May 25, 2018 | $0.33 | normal |
| Apr 9, 2018 | May 1, 2018 | Feb 22, 2018 | $0.33 | normal |
| Jan 9, 2018 | Feb 1, 2018 | Nov 1, 2017 | $0.33 | normal |
| Oct 6, 2017 | Nov 1, 2017 | Aug 10, 2017 | $0.29 | normal |
| Jul 6, 2017 | Aug 1, 2017 | May 26, 2017 | $0.29 | normal |
| Apr 6, 2017 | May 1, 2017 | Feb 23, 2017 | $0.29 | normal |
| Jan 6, 2017 | Feb 1, 2017 | Nov 2, 2016 | $0.29 | normal |
| Oct 5, 2016 | Nov 1, 2016 | Aug 11, 2016 | $0.25 | normal |
| Jul 7, 2016 | Aug 1, 2016 | May 27, 2016 | $0.25 | normal |
| Apr 7, 2016 | May 2, 2016 | Feb 25, 2016 | $0.25 | normal |
| Jan 7, 2016 | Feb 1, 2016 | $0.25 | normal | |
| Oct 7, 2015 | Nov 1, 2015 | Aug 13, 2015 | $0.2 | normal |
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| LNC Lincoln National Corp | 6.7% | $1.8 | N/A |
| PRU Prudential Financial Inc | 4.7% | $5.05 | 74.7% |
| UNM Unum Group | 2.84% | $1.43 | 21.8% |
| CNO CNO Financial Group Inc | 2.39% | $0.6 | 24.6% |
| VOYA Voya Financial Inc | 2.08% | $1.4 | 24.4% |
| NWLI National Western Life Group Inc | 0.07% | $0.36 | 1.3% |
Yes, Lincoln National has been paying dividends for the last 30 years.
LNC hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in July 2024.
Lincoln National's last regular dividend was on Apr 9, 2024 (ex-date) with the amount of $0.45 per share.
On an annual basis LNC pays $1.8 per share.
The current dividend yield of Lincoln National is 6.7%.
Lincoln National pays dividends quarterly.
Lincoln National's dividend yield is higher than the Financial Services sector average.