MetLife, Inc. (NYSE:MET) Plans Quarterly Dividend of $0.59

MetLife, Inc. (NYSE:METGet Free Report) announced a quarterly dividend on Tuesday, July 7th. Shareholders of record on Tuesday, August 4th will be given a dividend of 0.5925 per share by the financial services provider on Tuesday, September 8th. This represents a c) annualized dividend and a yield of 2.6%. The ex-dividend date of this dividend is Tuesday, August 4th.

MetLife has raised its dividend by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 12 years. MetLife has a payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect MetLife to earn $11.00 per share next year, which means the company should continue to be able to cover its $2.37 annual dividend with an expected future payout ratio of 21.5%.

MetLife Price Performance

NYSE MET opened at $91.76 on Wednesday. MetLife has a 1 year low of $67.33 and a 1 year high of $92.27. The stock’s 50-day moving average price is $83.68 and its two-hundred day moving average price is $78.43. The company has a market cap of $59.04 billion, a PE ratio of 17.78, a PEG ratio of 0.68 and a beta of 0.78. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53.

MetLife (NYSE:METGet Free Report) last released its earnings results on Wednesday, May 6th. The financial services provider reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.15. MetLife had a net margin of 4.66% and a return on equity of 22.60%. The business had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $19.49 billion. During the same period last year, the firm posted $1.96 earnings per share. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. On average, analysts predict that MetLife will post 9.98 EPS for the current year.

About MetLife

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MetLife, Inc is a global provider of insurance, annuities and employee benefit programs. Headquartered in New York City, the company offers a range of risk protection and retirement solutions to individuals, employers and institutional clients. Its core businesses include life insurance, group benefits, retirement products such as annuities, and supplemental health products including dental and disability coverage.

In addition to traditional life and group insurance, MetLife provides workplace benefits and voluntary products distributed through employer-sponsored programs.

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Dividend History for MetLife (NYSE:MET)

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