Lincoln National's Preferred Stock, Series D Shares Cross 8.5% Yield Mark

Lincoln National’s LNC.PRD preferred shares were trading with a yield above 8.5%, implying an annualized dividend of about $2.25 based on the quarterly payout. Shares traded as low as $26.44 during Thursday’s session, indicating market pricing consistent with high dividend yield but no clear new catalyst in the report.

Analysis

Lincoln National’s LNC.PRD preferred shares were trading with a yield above 8.5%, implying an annualized dividend of about $2.25 based on the quarterly payout. Shares traded as low as $26.44 during Thursday’s session, indicating market pricing consistent with high dividend yield but no clear new catalyst in the report.