RADNOR, PA — Lincoln Financial (NYSE: LNC) plans to resume repurchasing its common stock this quarter, with approximately $714 million remaining under an existing authorization, while maintaining a quarterly cash dividend of 45 cents per share.
The repurchases would be conducted under a $1.5 billion securities buyback program approved by Lincoln National Corporation’s board in November 2021. The authorization has no expiration date.
The amount and timing of repurchases will depend on capital ratios, rating agency expectations, free cash flow and the relative benefits of other potential uses of capital, according to the company.
Lincoln may repurchase shares through open-market transactions, privately negotiated purchases, accelerated repurchase agreements or trading plans established under Rule 10b5-1 of the Securities Exchange Act.
The company can suspend, modify or terminate the repurchase program at any time.
The quarterly dividend will be paid November 2, 2026, to shareholders of record at the close of business October 12.
Lincoln Financial reported $366 billion in account balances, net of reinsurance, as of June 30, 2026.
The Radnor-based insurer serves approximately 17 million customers across its annuities, life insurance, group protection and retirement plan services businesses.
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