This Day On The Street
Continue to site
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Lincoln National Corporation's Board Of Directors Declares Quarterly Cash Dividend Of $0.12 Per Share And Calls For The Redemption Of All Outstanding $3.00 Cumulative Convertible Preferred Stock, Series A

RADNOR, Pa., May 23, 2013 /PRNewswire/ -- Lincoln Financial Group announced today that the board of directors of Lincoln National Corporation (NYSE:LNC) declared a quarterly cash dividend of $0.12 per share on the corporation's common shares.  The dividend on the common stock will be payable August 1, 2013, to shareholders of record at the close of business on July 10, 2013.

The board of directors has also called for the redemption of all of its outstanding $3.00 Cumulative Convertible Preferred Stock, Series A ("Series A Preferred Stock").  The redemption date is July 2, 2013 ("Redemption Date"). The Series A Preferred Stock will be redeemed at a price of $80 per security, plus any accrued and unpaid dividends for the period up to but excluding the Redemption Date ("Aggregate Redemption Price").  There are currently approximately 9,532 shares of Series A Preferred Stock issued and outstanding.  From and after the Redemption Date, the only remaining rights will be to receive payment of the Aggregate Redemption Price.

In lieu of redemption, shareholders of the Series A Preferred Stock shall have until the close of business on June 27, 2013 to convert each share of Series A Preferred Stock into 16 shares of the Company's common stock.  Issuance of the shares of the Company's common stock for the Series A Preferred Stock surrendered for conversion will be made as soon as practicable after valid presentation and surrender to the redemption agent of certificates representing Series A Preferred Shares, together with a written request to convert the shares to Computershare Shareowner Services, 250 Royall Street, Canton, MA 02021, Attn: Corporate Actions.  The shares of common stock issued by conversion will be eligible for the dividend declared by the Board of Directors on May 22, 2013 described above.

Questions relating to the redemption should be direct to the redemption agent:  Computershare Shareowner Services at (855) 396-2084.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
SYM TRADE IT LAST %CHG

Markets

Chart of I:DJI
DOW 17,751.19 -0.20 -0.00%
S&P 500 2,106.53 -2.04 -0.10%
NASDAQ 5,127.6180 +15.8850 0.31%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs