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LNC-P-D DIVIDEND SUSPENDED

LINCOLN NATIONAL CORP · Series D · Insurance
Also quoted as: LNC-D, LNCprD, LNC.PRD, LNC-PD, LNCpD
$26.25
last price

About this security

LNC-P-D is a 9% non-cumulative perpetual preferred stock issued by LINCOLN NATIONAL CORP, a Insurance issuer. $25 liquidation preference, callable from 2027-12-01.

LINCOLN NATIONAL CORP: Lincoln National Corporation (ticker: LNC), marketed as Lincoln Financial, is an Indiana-incorporated holding company headquartered in Radnor, Pennsylvania, that operates a broad set of insurance and retirement businesses through its subsidiaries. The company sells products across four segments — Annuities, Life Insurance, Group Protection, and Retirement Plan Services — targeting both individual and institutional customers seeking wealth accumulation, wealth protection, and retirement income solutions. Its wholesale distribution arm, Lincoln Financial Distributors, delivers products through a wide network of financial intermediaries including brokers, advisers, and financial institutions. Lincoln National is one of the larger publicly traded U.S. life and annuity insurers by scale and product breadth. ↗

Issuer page — all LINCOLN NATIONAL CORP securities & profile →

Key Stats ✓ terms from SEC filing — verify via link below ⚑ 1 check to review

live page · rendered 05:39:44 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current Yield
Suspended
Annual Dividend
$2.2500 (suspended)
Recent Market Price
$26.25
as of 2026-06-16
Disc/Prem to Par (→ screen)
+5.00% (+$1.25)
Recent Ex-Date
2023-02-16
Pay Frequency
quarterly
Cumulative
No
Original Coupon
9.000%
Call Date
2027-12-01
Yield to Call
5.43%
Yield to Worst
5.43%
Liq. Preference
$25.00
Maturity
Perpetual
Redeemable
Yes
Convertible
No
Pay Dates
March 1, June 1, September 1, December 1
Shares Offered (original)
20,000,000
Issued
2022-11-22
Series
D
Alt. Symbology
LNC-D, LNCprD, LNC.PRD, LNC-PD, LNCpD

vs. Insurance category (27 issues): yield — vs avg 6.76% · discount +5.0% vs avg -17.5%

Quote

 LNC-P-D (preferred)LNC (common)
Last $26.25 $37.30
Change — —
Open$26.24$36.89
High / Low $26.30 / $26.20 $37.48 / $36.70
Prev Close——
Volume28,7291,495,068
52-Week High / Low $26.50 / $26.08 $46.82 / $31.69

52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

● LNC-P-D ● LNC (common)

Dividend History

Ex-DateAmount / Share
2023-02-16$0.618750

Performance — $10K Calculator

See what an investment in LNC-P-D would be worth today, dividends reinvested.

Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →

🔔 Get dividend & filing alerts for LNC-P-D →

Prospectus (SEC 424B5)

Lincoln National Corporation 20,000,000 Depositary Shares, each representing a 1/1,000th Interest in a Share of 9.000% Non-cumulative Preferred Stock, Series D, $25,000 liquidation preference per share (equivalent to $25.00 per Depositary Share).

Use of proceeds: Net proceeds (approx. $493.0 million) will fund part of the repayment of the company's 4.00% Senior Notes due September 1, 2023 and the remainder for general corporate purposes.

Full Prospectus (SEC filing) →

News — LINCOLN NATIONAL CORP

Issuer news via Tiingo, tagged to LNC.

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About this site

This site tracks preferred stocks and baby bonds — investments that pay regular, scheduled dividends. Every figure shown is drawn from companies' SEC filings and live market quotes.

What you're looking at
A preferred stock sits between a common stock and a bond. It usually trades near a $25 face value and pays a fixed dividend on a set schedule. Baby bonds are similar, but they are debt that matures on a stated date.
Income & dividends
Current YieldAnnual income ÷ today's price — what you'd actually earn buying now. The headline income number.
Annual Dividend / InterestTotal cash paid per share each year. A preferred pays a "dividend"; a baby bond pays "interest."
Original CouponThe annual rate set when it was issued, as a % of par (6% of $25 = $1.50/yr). Fixed stays put; floating/reset rates change later.
Pay FrequencyHow often it pays — usually quarterly, sometimes monthly or twice a year.
Recent Ex-DateOwn it before this date to receive the next payment; buy on or after and you miss that one.
Price & value
Recent Market PriceThe latest market quote, delayed at least 20 minutes.
Liquidation Preference (Par)Face value — almost always $25 (some are $50, $100, or $1,000). What you're owed if the company winds down, and the price it can be redeemed at.
Disc / Prem to ParHow far the price sits below par (a discount) or above it (a premium). A discount can add return if it's redeemed at par; a premium is what you'd lose if it is.
Call & redemption
Call DateThe first date the issuer may redeem (buy back) the share at par. Before it you're protected; after it, it can be called at any time.
RedeemableWhether the issuer has the right to buy it back at all.
Yield to CallYour annual return if bought today and redeemed at par on the call date. If it's below the current yield, a call would cost you.
Yield to WorstThe lowest of the possible outcomes (to call, to maturity, or simply held) — the cautious yield to judge by.
Dividend terms & structure
CumulativeIf a payment is skipped, a cumulative issue still owes it (and must catch up before any common dividend); a non-cumulative one does not.
Interest DeferrableOn some baby bonds the issuer may postpone interest for a period — common on junior subordinated notes.
Floating / Reset RateThe rate isn't fixed forever — after a set date it resets to a benchmark (e.g. 3-month SOFR or the 5-year Treasury) plus a spread.
MaturityFor a baby bond, the date the principal is repaid. Most preferreds are perpetual — no maturity.
ConvertibleWhether it can turn into the company's common stock. "Change-of-control conversion" means that right applies only if the company is taken over.
Conversion Price / RatioFor convertibles, the price or number of common shares each unit converts into.
SeriesThe class label from the SEC filing (e.g. Series A). Note: it can differ from the ticker letter.
IssuedThe date the security first settled — when it came to market.
Shares OfferedHow many shares (or depositary shares) were sold in the original offering.
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