11 August 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 November 1, 2011, to shareholders of record at the close of business on October 11, 2011. The dividend on the corporation’s Series A Preferred Stock will be payable December 5, 2011, to shareholders of record at the close of business on November 14, 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 $164 billion as of June 30, 2011. 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:

Lincoln Financial Group
Investor Contacts:
Jim Sjoreen, 484-583-1420
InvestorRelations@LFG.com
or
Media Contacts:
Laurel O’Brien, 484-583-1735
MediaRelations@LFG.com