LNC - Is This Dividend Stock's 8.6% Yield Sustainable?
2023-04-13 05:15:00 ET
Dividend stocks can be an excellent source of passive income and can help you grow your wealth over time. Companies with stocks that have high dividend yields can be quite appealing. One such dividend stock with a high yield of 8.6% is Lincoln National (NYSE: LNC) , a life insurance and retirement benefits company.
While its ultra-high-dividend yield makes it an appealing stock to consider for income investors, the stock price has taken a hit over the last year. That's because it has exposure to SVB Financial , the holding company of Silicon Valley Bank, which was seized by regulators last month. Here's what you should consider before buying Lincoln National for its dividend.
Lincoln National is a holding company that operates multiple insurance and retirement businesses through its subsidiaries. It provides life insurance, group insurance for companies, and retirement planning services.
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Is This Dividend Stock's 8.6% Yield Sustainable?