Analysis – Lincoln National Corp Increases Dividend by 25%

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Lincoln National Corporation announced a regular quarterly dividend of $0.20, a 25 percent increase from the prior rate of $0.16 per share. The dividend will be paid at the new higher rate on February 1, 2015, to shareholders of record at close of business on January 12, 2015.

Date Quarterly Dividend
1/12/2015 0.20
10/8/2014 0.16
7/8/2014 0.16
4/8/2014 0.16
1/8/2014 0.16
10/8/2013 0.12
7/8/2013 0.12
4/5/2013 0.12
1/8/2013 0.12
10/5/2012 0.08
7/6/2012 0.08
4/4/2012 0.08
1/6/2012 0.08
10/6/2011 0.05
7/7/2011 0.05
4/7/2011 0.05
1/6/2011 0.05
10/6/2010 0.01
7/7/2010 0.01
4/7/2010 0.01
1/7/2010 0.01

 
Lincoln National Corporation is trading below the average of its price/book value (P/BV) range.  Lincoln National Corporation is trading above its average historical dividend yield. Analysis of Valuation of Lincoln National Corporation (Symbol LNC).

Price 10/30/14 % Yield 5 Year Div. Growth Rate BV    2014 P/BV Ratio 10 yr P/BV Low 10 yr P/BV  High 5 yr max Yield % 5 yr lowest Yield %
$52.90 1.51% 26% 61.59 .87 .13 2.14 1.51% 0.12%

 

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Explanation:  Dividend growth financial stocks may be valued upon historical relative price/book value and current yield analysis. Dividend financial stocks trading at a low historical price/book value (P/BV) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/BV ratio stocks.  Max P/BV price target is based upon company reaching its highest historical P/BV ratio.  Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years.

Further information on evaluating dividend growth candidates can be found at http://seekingalpha.com/author/timothy-mcintosh/articles

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