RADNOR, Pa.--(BUSINESS WIRE)--

Lincoln Financial Group (NYSE: LNC) announced today that the board of directors of Lincoln National Corporation declared a quarterly cash dividend of $0.25 per share on the corporation's common stock. The dividend on the common stock will be payable August 1, 2016 to shareholders of record at the close of business on July 11, 2016.

The board of directors also approved an increase to the corporation's authority to repurchase its securities bringing the total repurchase authority up to $1 billion. Under this authority and without further announcement, the corporation may repurchase securities in such amounts at such times, as it deems appropriate. Purchases may be made on the various stock exchanges, by block trades, in privately negotiated transactions, or by other means. The repurchase authority does not have a termination date.

About Lincoln Financial Group

Lincoln Financial Group provides advice and solutions that help empower Americans to take charge of their financial lives with confidence and optimism. Today, more than 17 million customers trust our retirement, insurance and wealth protection expertise to help address their lifestyle, savings and income goals, as well as to guard against long-term care expenses. Headquartered in Radnor, Pennsylvania, Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. The company had $219 billion in assets under management as of December 31, 2015. Learn more at: www.LincolnFinancial.com. Find us on Facebook, Twitter, LinkedIn and YouTube. To sign up for email alerts, please visit our Newsroom at http://newsroom.lfg.com.

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