PHILADELPHIA, Feb. 23 /PRNewswire-FirstCall/ -- The board of directors of Lincoln National Corporation (NYSE: LNC) today declared a quarterly cash dividend of $0.01 per share on the corporation's common shares and $0.75 per share on preferred shares series A.
The dividend on the common stock will be payable May 1, 2010, to shareholders of record at the close of business on April 9, 2010. The dividend on the corporation's $3 Cumulative Convertible Preferred Stock Series A will be payable June 5, 2010, to shareholders of record at the close of business on May 14, 2010.
The company also paid $11.9 million in dividends on the Fixed Rate Cumulative Perpetual Preferred Stock Series B on February 16, 2010.
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 $141 billion as of December 31, 2009. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life and disability 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.
SOURCE Lincoln Financial Group