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

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

MetLife has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 12 consecutive years. MetLife has a payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Equities 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

Shares of NYSE MET opened at $91.76 on Wednesday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. The company has a market capitalization of $59.04 billion, a price-to-earnings ratio of 17.78, a price-to-earnings-growth ratio of 0.68 and a beta of 0.78. MetLife has a twelve month low of $67.33 and a twelve month high of $92.27. The business has a 50 day simple moving average of $83.68 and a 200-day simple moving average of $78.43.

MetLife (NYSE:MET) last announced its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.27 by $0.15. MetLife had a return on equity of 22.60% and a net margin of 4.66%.The firm had revenue of $14.18 billion for the quarter, compared to analysts’ expectations of $19.49 billion. During the same period last year, the business posted $1.96 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, equities research analysts expect that MetLife will post 9.98 earnings per share for the current year.

About MetLife

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.