Lincoln National (LNC) Posts Q3 EPS of $1.11

Lincoln National (NYSE: LNC) reported Q3 EPS of $1.11, which may not compare to teh analyst estimate of $1.50. Revenue for the quarter came in at $3.74 billion versus the consensus estimate of $3.38 billion.

The board of directors of Lincoln National Corporation approved raising the quarterly dividend on its common shares to $0.25 per share. The dividend represents a 25% increase over the prior-year level. The increased dividend on the common stock will be payable February 1, 2016, to shareholders of record at the close of business on January 11, 2016.

“Our franchise remains strong as we delivered double-digit growth in consolidated net flows, which is helping drive underlying earnings growth in all our businesses,” said Dennis R. Glass, president and CEO of Lincoln Financial Group. “Our annual assumption review reduced earnings per share without compromising steady growth in book value per share, highlighting the overall strength of our balance sheet.”

For earnings history and earnings-related data on Lincoln National (LNC) click here.

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