Lincoln National (LNC) Tops Q3 EPS by 17c

Lincoln National (NYSE: LNC) reported Q3 EPS of $2.34, $0.17 better than the analyst estimate of $2.17.

The board of directors of Lincoln National Corporation approved raising the quarterly dividend on its common shares to $0.37 per share. The dividend represents a 12% increase over the prior-year level. The increased dividend on the common stock will be payable on February 1, 2019 to shareholders of record at the close of business on January 10, 2019.

“We delivered record adjusted operating EPS and a 14.5% ROE in the third quarter driven by double-digit earnings growth in nearly every business,” said Dennis R. Glass, president and CEO of Lincoln Financial Group. “Targeted management actions are further enhancing our results with annuity net flows close to turning positive, group results benefitting from our Liberty acquisition, strategic investments improving expense efficiencies and future growth opportunities, and capital management remaining ever important.”

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

You May Also Be Interested In

• Morgan Stanley upgrades CDW on stronger AI-driven server demand
• Goldman "broadly" raises estimates for LTL and truckload stocks
• Bernstein SocGen Reiterates Outperform Rating on Fervo Energy (FRVO)