MetLife Announces First Quarter 2021 Preferred Stock Dividend Actions

Rhea-AI Summary

MetLife, Inc. (NYSE: MET) announced the declaration of dividends on several series of its preferred stock. The quarterly dividend for Series C is set at $9.47875, while Series D will provide a semi-annual dividend of $29.375. Series E and F will see quarterly dividends of $351.5625 and $296.875, respectively. Series G will offer a semi-annual dividend of $19.250, and Series A is anticipated to pay out $0.25000 per share, pending financial confirmation. All dividends are payable on March 15, 2021, to shareholders of record as of February 26, 2021.

Positive

• Dividends announced for multiple preferred stock series enhance income for shareholders.
• Quarterly and semi-annual payments indicate financial stability and commitment to returning value to investors.

Negative

• None.

MetLife, Inc. (NYSE: MET) today announced that it has declared the following preferred stock dividends:

• Quarterly dividend of $9.47875000 per share on the company’s 5.250% fixed-to-floating rate non-cumulative preferred stock, Series C, with a liquidation preference of $1,000 per share.

• Semi-annual dividend of $29.375 per share on the company’s 5.875% fixed-to-floating rate non-cumulative preferred stock, Series D, with a liquidation preference of $1,000 per share.

• Quarterly dividend of $351.5625 per share on the company’s 5.625% non-cumulative preferred stock, Series E, with a liquidation preference of $25,000 per share, represented by depositary shares each representing 1/1,000th interest in a share of the preferred stock, holders of which will receive $0.3515625 per depositary share (NYSE: MET PRE).

• Quarterly dividend of $296.875 per share on the company’s 4.75% non-cumulative preferred stock, Series F, with a liquidation preference of $25,000 per share, represented by depositary shares each representing 1/1,000th interest in a share of the preferred stock, holders of which will receive $0.296875 per depositary share (NYSE: MET PRF).

• Semi-annual dividend of $19.250 per share on the company’s 3.850% fixed rate reset non-cumulative preferred stock, Series G, with a liquidation preference of $1,000 per share.

• Quarterly dividend of $0.25000000 per share on the company’s floating rate non-cumulative preferred stock, Series A, with a liquidation preference of $25 per share (NYSE: MET PRA), subject to the final confirmation that the company has met the financial tests specified in the certificate of designations for the Series A preferred stock, which the company anticipates will be made and announced on or about March 5,2021. The New York Stock Exchange has not yet set an ex-dividend date for the Series A preferred stock, and will set an ex-dividend date after the confirmatory announcement.

The above dividends will be payable March 15, 2021, to shareholders of record as of Friday, February 26, 2021, due to the record date occurring on Sunday, February 28, 2021.

About MetLife

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the world’s leading financial services companies, providing insurance, annuities, employee benefits and asset management to help its individual and institutional customers navigate their changing world. Founded in 1868, MetLife has operations in more than 40 markets globally and holds leading positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.

Forward-Looking Statements

The forward-looking statements in this news release, such as “will,” are based on assumptions and expectations that involve risks and uncertainties, including the “Risk Factors” MetLife, Inc. describes in its U.S. Securities and Exchange Commission filings. MetLife’s future results could differ, and it has no obligation to correct or update any of these statements.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210216006018/en/

FAQ

What is the dividend amount for MetLife's Series C preferred stock?

The quarterly dividend for MetLife's Series C preferred stock is $9.47875 per share.

When will the dividends for MetLife be paid?

The dividends for MetLife will be payable on March 15, 2021.

What is the record date for MetLife's dividend payments?

The record date for MetLife's dividend payments is February 26, 2021.

What are the dividend details for MetLife's Series D preferred stock?

Series D will provide a semi-annual dividend of $29.375 per share.

Is the dividend for Series A confirmed?

The dividend for Series A is subject to financial confirmation; it is anticipated to be $0.25000 per share.