Lincoln National Increases Buyback Authorization to $1 Billion
By Zachary Tracer -
2012-08-09T12:19:22Z
Lincoln National Corp. (LNC) the insurer that hired Ellen Cooper from Goldman Sachs Group Inc. as chief investment officer, said it increased the size of its share buyback authorization to $1 billion.
The quarterly dividend will remain 8 cents a share, the Radnor, Pennsylvania-based insurer said today in a statement distributed by PR Newswire.
To contact the reporter on this story: Zachary Tracer in New York at ztracer1@bloomberg.net
To contact the editor responsible for this story: Dan Kraut at dkraut2@bloomberg.net
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