Lincoln National's Board of Directors Approves 50% Increase in Dividend to $0.12 per Share
Lincoln National Corporation (NYSE: LNC) today announced that its Board of Directors approved raising the quarterly dividend on its common shares to $0.12 per share. The newly declared dividend represents a 50% increase over the prior-year level.
"We are pleased to once again announce an increase in our quarterly cash dividend," said Dennis R. Glass, president and CEO of Lincoln Financial Group. "It serves as another clear indicator that our strategic actions continue to help us produce strong results and enable us to deliver on our commitment of deploying capital for the benefit of our shareholders."
The increased common stock dividend is payable on February 1, 2013, to shareholders of record at the close of business on January 10, 2013. The Board of Directors also declared its regular dividend of $0.75 per share on its $3.00 Cumulative Convertible Preferred Stock Series A, payable March 5, 2013, to shareholders of record at the close of business on February 11, 2013.
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