Lincoln National (LNC) Increases Quarterly Dividend to $0.05; Yields 0.8%; Authorizes $125M Common Buyback; To Redeem $150M in Preferred

Lincoln National Corporation (NYSE: LNC) declares a quarterly dividend on common shares to $0.05 per share, $0.20 annualized. The dividend is an increase from the current rate of $0.01. The dividend is payable on February 1, 2011 to shareholders of record at the close of business on January 10, 2011. The ex-dividend date is January 6, 2011. Yield on the dividend is 0.8%. In addition, the company announced its intention to repurchase up to $125 million of its common stock over a 15-month period and to redeem all $150 million in outstanding 6.75% Series F Trust Preferred Securities issued by Lincoln National Capital VI (CUSIP 53404M 20 1) and guaranteed by Lincoln.... Read more

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