Lincoln National Corporation to Repurchase $125M of Common Stock

Lincoln National Corporation LNC today announced that its Board of Directors approved raising the quarterly dividend on common shares to $0.05 per share. In addition, the company announced its intention to repurchase up to $125 million of its common stock over a 15-month period and to redeem all $150 million in outstanding 6.75% Series F Trust Preferred Securities issued by Lincoln National Capital VI and guaranteed by Lincoln.