RADNOR, Pa.--(BUSINESS WIRE)--Lincoln Financial Group announced today that the board of directors of Lincoln National Corporation (NYSE:LNC) declared a quarterly cash dividend of $0.16 per share on the corporation’s common shares. The dividend on the common stock will be payable August 1, 2014, to shareholders of record at the close of business on July 10, 2014.
The board of directors also approved an increase to the corporation’s authority to repurchase its securities bringing the total repurchase authority up to $1 billion. Under this authority and without further announcement, the corporation may repurchase securities in such amounts at such times, as it deems appropriate. Purchases may be made on the various stock exchanges, by block trades, in privately negotiated transactions, or by other means. The repurchase authority does not have a termination date.
About Lincoln Financial Group
Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE:LNC) and its affiliates. With headquarters in the Philadelphia region, the companies of Lincoln Financial Group had assets under management of $209 billion as of March 31, 2014. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life, disability and dental insurance; employer-sponsored retirement plans; savings plans; and comprehensive financial planning and advisory services. For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit www.LincolnFinancial.com.