Lincoln Financial Group (NYSE: LNC) announced today that the board of directors of Lincoln National Corporation has declared the following dividends on preferred stock:
- Series C Preferred Stock: A semi-annual dividend of $1,156.25 per share on the 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C, which has a $25,000 liquidation preference per share. Each depositary share, representing 1/25th of a share of Series C preferred stock, will receive $46.25.
- Series D Preferred Stock: A quarterly dividend of $562.50 per share on the 9.000% Non-Cumulative Preferred Stock, Series D, with a $25,000 liquidation preference per share. Each depositary share, representing 1/1,000th of a share of Series D preferred stock, will receive $0.5625 (NYSE: LNC PRD).
These dividends will be payable on September 1, 2024, to shareholders of record as of August 15, 2024. The ex-dividend date is August 14, 2024.
About Lincoln Financial Group
Lincoln Financial Group helps individuals plan, protect, and retire with confidence. As of December 31, 2023, approximately 17 million customers rely on Lincoln Financial Group for solutions across its four core businesses: annuities, life insurance, group protection, and retirement plan services. As of June 30, 2024, the company managed $311 billion in end-of-period account balances, net of reinsurance. Headquartered in Radnor, Pa., Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. For more information, visit LincolnFinancial.com.
