24 May 2012

The board of directors of Lincoln National Corporation (NYSE:LNC) declared a quarterly cash dividend of $0.08 per share on the corporation’s common shares and $0.75 per share on its $3.00 Cumulative Convertible Preferred Stock Series A. The dividend on the common stock will be payable August 1, 2012, to shareholders of record at the close of business on July 10, 2012. The dividend on the corporation’s Series A Preferred Stock will be payable September 5, 2012, to shareholders of record at the close of business on August 15, 2012.

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 $170 billion as of March 31, 2012. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life, disability and dental insurance; 401(k) and 403(b) 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.

Contact:

Investor Contacts:
Jim Sjoreen
484-583-1420
E-mail: InvestorRelations@LFG.com
or
Media Contacts:
Michael Arcaro
484-583-1799
E-mail: Michael.Arcaro@LFG.com