Lincoln National Corporation Declares Preferred Stock Dividends
Lincoln National Corporation, a prominent player in the financial services industry, has officially announced the declaration of its preferred stock dividends. This insightful move from the company underscores its commitment to delivering value to shareholders and reflects its stable financial footing.
Details of the Preferred Stock Dividends
The board of directors at Lincoln National Corporation revealed noteworthy information regarding the preferred stock dividends. The first dividend is a semi-annual payment of $1,156.25 for each share on the corporation’s 9.250% Fixed Rate Reset Non-Cumulative Preferred Stock, Series C. Each share has a $25,000 liquidation preference, and holders of the associated depositary shares will receive $46.25 per share, emphasizing the company’s dedication to providing returns for its invested stakeholders.
Quarterly Dividend Announcement
In addition to the semi-annual dividend, Lincoln National Corporation will also distribute a quarterly dividend of $562.50 per share on its 9.000% Non-Cumulative Preferred Stock, Series D. This stock also carries a liquidation preference of $25,000 per share, and holders of the representative depositary shares will earn $0.5625 per depositary share. Such dividends are a reflection of the company’s ongoing financial health and strategy aimed at optimizing shareholder returns.
Payment Schedule for Dividends
The dividends declared by Lincoln National Corporation will be payable on March 1, 2025, to shareholders recorded by February 14, 2025. This timeline provides shareholders with ample notice, instilling confidence in the company’s structured approach to dividend payments.
About Lincoln Financial
Lincoln Financial, operating under the umbrella of Lincoln National Corporation (NYSE:LNC), has been a trusted partner in helping individuals plan, protect, and retire with confidence. As of year-end, approximately 17 million customers have relied on their services across four core areas: annuities, life insurance, group protection, and retirement plan services. With a significant $324 billion in end-of-period account balances, the organization continues to set industry standards for financial solutions.
Headquartered in Radnor, Pennsylvania, Lincoln Financial stands out for its commitment to its customers. The firm prides itself on providing exceptional financial planning tools to aid clients in reaching their financial goals. To learn more about what Lincoln Financial has to offer, visit LincolnFinancial.com.
Frequently Asked Questions
What stock dividends were declared by Lincoln National Corporation?
Lincoln National Corporation declared a semi-annual dividend for Series C and a quarterly dividend for Series D Preferred Stock.
When will the dividends be payable?
The dividends are set to be payable on March 1, 2025, to shareholders of record by February 14, 2025.
What is the liquidation preference for the preferred stocks?
Both Series C and Series D preferred stocks have a liquidation preference of $25,000 per share.
How does Lincoln Financial assist its customers?
Lincoln Financial helps customers plan, protect, and retire confidently through various financial solutions including life insurance and retirement services.
What is the significance of these dividend announcements?
The announcements reflect Lincoln National Corporation’s commitment to its shareholders and its strong financial performance, providing reassurance to investors.
