Lincoln National Corporation's Board of Directors Declares Series D Preferred Stock Dividend
Lincoln National Corporation’s board declared a quarterly dividend of $562.50 per share on its 9.000% Non-Cumulative Preferred Stock, Series D. Holders of depositary shares representing 1/1,000th of a preferred share will receive $0.5625 per depositary share.
Why it matters — The declaration provides LNC watchers with an update on the company’s Series D preferred-stock dividend.