PHILADELPHIA, Nov. 5 /PRNewswire-FirstCall/ -- The board of directors of Lincoln National Corporation (NYSE: LNC) today declared a quarterly cash dividend of $0.01 per share on the corporation's common shares and $0.75 per share on preferred shares series A.

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The dividend on the common stock will be payable February 1, 2010, to shareholders of record at the close of business on January 11, 2010. The dividend on the corporation's $3 Cumulative Convertible Preferred Stock Series A will be payable March 5, 2010, to shareholders of record at the close of business on February 12, 2010.

The company will also pay $11.9 million in dividends on the Fixed Rate Cumulative Perpetual Preferred Stock Series B on November 16, 2009.

Lincoln Financial Group is the marketing name for Lincoln National Corporation (NYSE: LNC) and its affiliates. With headquarters in the Philadelphia region, the operating companies of Lincoln Financial Group had assets under management of $137 billion as of September 30, 2009. Through its affiliated companies, Lincoln Financial Group offers: annuities; life, group life and disability insurance; 401(k) and 403(b) plans; savings plans; mutual funds; managed accounts; institutional investments; and comprehensive financial planning and advisory services. Affiliates also include: Delaware Investments, the marketing name for Delaware Management Holdings, Inc. and its subsidiaries. For more information, including a copy of our most recent SEC reports containing our balance sheets, please visit www.LincolnFinancial.com.

SOURCE Lincoln Financial Group