On 5/14/24, Lincoln National Corp.’s 9.0% Dep Shares Non-cumulative Preferred Stock, Series D (Symbol: LNC.PRD) will trade ex-dividend, for its quarterly dividend of $0.5625, payable on 6/1/24. As a percentage of LNC.PRD’s recent share price of $28.52, this dividend works out to approximately 1.97%, so look for shares of LNC.PRD to trade 1.97% lower — all else being equal — when LNC.PRD shares open for trading on 5/14/24. On an annualized basis, the current yield is approximately 7.91%, which compares to an average yield of 6.73% in the “Financial” preferred stock category, according to Preferred Stock Channel.
The chart below shows the one year performance of LNC.PRD shares, versus LNC:

Below is a dividend history chart for LNC.PRD, showing historical dividends prior to the most recent $0.5625 on Lincoln National Corp.’s 9.0% Dep Shares Non-cumulative Preferred Stock, Series D:

In Friday trading, Lincoln National Corp.’s 9.0% Dep Shares Non-cumulative Preferred Stock, Series D (Symbol: LNC.PRD) is currently up about 0.3% on the day, while the common shares (Symbol: LNC) are down about 0.5%.

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Also see:

• Metals Channel
• SRCU Videos
• GRNT Dividend Growth Rate

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.