Welcome to our dedicated page for Lincoln National news (Ticker: $LNC), a resource for investors and traders seeking the latest updates and insights on Lincoln National stock.
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Lincoln Financial Group announced that Lincoln National will hold its 2024 Annual Meeting of Shareholders on May 23, 2024, in a virtual format. Shareholders as of March 18, 2024, are entitled to attend. The meeting will be accessible online, and questions can be submitted in advance.
Lincoln Financial Group and American Century Investments have announced a partnership to enhance their variable insurance trusts lineup. Nine American Century Variable Portfolio funds have been adopted by the Lincoln Variable Insurance Products Trust, providing investors with additional opportunities and diversification. This collaboration aims to leverage American Century's investment expertise and Lincoln Financial's platform to offer leading insurance, retirement, and variable annuity solutions.
Lincoln Financial Group (NYSE: LNC) has completed the sale of its wealth management business to Osaic, Inc., providing approximately $650 million of capital benefit. The company plans to use the funds to increase its risk-based capital ratio and reduce leverage. This strategic move aligns with Lincoln's focus on growing its insurance and workplace solutions businesses to deliver long-term value for stakeholders.
Lincoln Financial Group (NYSE: LNC) reported first-quarter results with net income available to common stockholders at $1.2 billion. Adjusted operating income was $71 million, impacted by legal accrual, severance expense, and tax-related items. The primary differences between net income and adjusted operating income were due to market risk benefits and a change in the fair value of an embedded derivative. The company's strategic realignment showed progress, with Annuities, Group Protection, and Retirement Plan Services performing well.
Lincoln National has declared a quarterly dividend of $562.50 per share on the 's 9.000% Non-Cumulative Preferred Stock, Series D. The dividend will be payable on June 1, 2024, to holders of record on May 15, 2024, with an ex-dividend date of May 14, 2024.
