24 February 2011

The board of directors of Lincoln National Corporation (NYSE:LNC) declared a quarterly cash dividend of $0.05 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 May 1, 2011, to shareholders of record at the close of business on April 11, 2011. The dividend on the corporation’s Series A Preferred Stock will be payable June 5, 2011, to shareholders of record at the close of business on May 16, 2011.

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 $157 billion as of December 31, 2010. 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:

For more information:
Investor Contacts:
Jim Sjoreen
484 583-1420
E-mail: InvestorRelations@LFG.com
Media Contacts:
Laurel O’Brien
484 583-1735
E-mail: MediaRelations@LFG.com