MetLife, Inc. (NYSE:MET – Get Free Report) announced a quarterly dividend on Tuesday, October 6th. Stockholders of record on Tuesday, November 3rd will be paid a dividend of $0.5925 per share by the financial services provider on Tuesday, December 8th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Tuesday, November 3rd.
MetLife has a dividend payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Analysts expect MetLife to earn $10.72 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 22.1%.
MetLife Price Performance
MetLife stock opened at $100.02 on Friday. The business has a 50-day simple moving average of $97.69 and a 200 day simple moving average of $85.68. The stock has a market cap of $64.36 billion, a price-to-earnings ratio of 19.16, a PEG ratio of 0.94 and a beta of 0.78. MetLife has a 52 week low of $67.33 and a 52 week high of $103.65. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.52.
MetLife (NYSE:MET – Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The financial services provider reported $2.43 earnings per share for the quarter, beating the consensus estimate of $2.30 by $0.13. The firm had revenue of $13.52 billion for the quarter, compared to analysts’ expectations of $19.67 billion. MetLife had a net margin of 4.57% and a return on equity of 23.39%. The business’s quarterly revenue was up 10.5% on a year-over-year basis. During the same quarter last year, the company posted $2.02 EPS. On average, research analysts forecast that MetLife will post 9.94 earnings per share for the current fiscal year.
About MetLife
MetLife, Inc (NYSE: MET) is a global financial services company that provides insurance, retirement, and employee benefits solutions to individuals, employers, and institutions. Its offerings include life insurance, dental and vision coverage, accident and disability insurance, annuities, retirement savings products, and related financial services.
Through its institutional and workplace businesses, MetLife helps employers provide benefits and retirement programs to their employees. The company also serves individual customers with protection and income products.
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