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LNC'D

Lincoln National Corp · Series D · Insurance
Also quoted as: LNC-D, LNCprD, LNC.PRD, LNC-PD, LNCpD
$26.08
last price · 2026-09-14

About this security

LNC'D is a 9% non-cumulative perpetual preferred stock issued by Lincoln National Corp, grouped under Insurance. $25 liquidation preference, current yield 8.63%, 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. Company website

All Lincoln National Corp securities and the issuer profile →

Key Stats ✓ Verified against SEC filing (prospectus linked below)

live page · rendered 19:09:17 UTC · refreshes from the market feed on each visit · last SEC-verified 2026-06-16
Current yield
8.63%
Annual Dividend
$2.2500
Recent Market Price
$26.08
as of 2026-09-14
Disc/Prem to Par (→ screen)
Capital Appreciation to Par
−$1.08 (-4.1%)
Recent Ex-Date
2026-08-17
Pay Frequency
quarterly
Cumulative
No
Original Coupon
9.000%
Call Date
2027-12-01
Yield to Call
5.32%
Yield to Worst
5.32%
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 (34 issues with a current yield): yield 8.63% vs avg 7.24% · discount +4.3% vs avg -21.9%

Quote

 LNC'D (preferred)LNC (common)
As of 2026-09-14 2026-09-14
Last $26.08 $44.04
Change +0.01 (+0.04%) +0.20 (+0.46%)
Open$26.06$43.65
High / Low $26.75 / $26.01 $44.12 / $43.17
Prev Close$26.07$43.84
Volume30,9162,588,684
52-Week High / Low $26.75 / $25.92 $47.66 / $32.18

End-of-day closes, dated in the first row. A quote 3 or more trading sessions old is flagged stale, and a stale common quote is withheld. Change and Prev Close compare with the previous session's close. 52-week range based on available history, adjusted for splits. Shares outstanding / market cap require a fundamentals feed (not in current data plan).

Price

LNC'D LNC (common)

Dividend History

Ex-DateAmount / Share
2026-08-17$0.562500
2023-02-16$0.618750

Performance: $10K Calculator

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

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

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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, filtered to stories about LNC.

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