Lincoln National board authorizes additional securities repurchase capacity Lincoln Financial announced that the board declared a quarterly cash dividend of 16c per share on the corporationís common shares. The dividend on the common stock will be payable August 1 to shareholders of record at the close of business on July 10. The board of directors also approved an increase to the corporationís authority to repurchase its securities bringing the total repurchase authority up to $1B. Under this authority and without further announcement, the corporation may repurchase securities in such amounts at such times, as it deems appropriate. Purchases may be made on the various stock exchanges, by block trades, in privately negotiated transactions, or by other means. The repurchase authority does not have a termination date.