MetLife Declares Second Quarter 2021 Preferred Stock Dividends

Rhea-AI Summary

MetLife, Inc. (NYSE: MET) has declared preferred stock dividends payable on June 15, 2021, to shareholders of record by May 28, 2021. The dividends include:

• $0.25555555 per share for Series A (liquidation preference of $25)
• $9.60602666 per share for Series C (liquidation preference of $1,000)
• $351.5625 per share for Series E (liquidation preference of $25,000), $0.3515625 per depositary share
• $296.875 per share for Series F (liquidation preference of $25,000), $0.296875 per depositary share

Positive

• Quarterly dividends demonstrate MetLife's commitment to returning value to shareholders.
• Significant dividend amounts reflect company profitability and confidence.

Negative

• None.

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

• Quarterly dividend of $0.25555555 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).
• Quarterly dividend of $9.60602666 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.
• 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).

The above dividends will be payable June 15, 2021, to shareholders of record as of Friday, May 28, 2021, due to the record date occurring on the holiday on Monday, May 31, 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/20210517005798/en/

FAQ

What is the dividend amount for MetLife preferred stock Series A?

The dividend for Series A is $0.25555555 per share.

When will MetLife's dividends be paid?

MetLife's dividends will be payable on June 15, 2021.

What is the record date for MetLife's dividends?

The record date for the dividends is May 28, 2021.

How much is the dividend for MetLife Series C preferred stock?

The dividend for Series C is $9.60602666 per share.

What is the dividend for Series E preferred shares?

The dividend for Series E is $351.5625 per share, or $0.3515625 per depositary share.

What is the dividend for Series F preferred shares?

The dividend for Series F is $296.875 per share, or $0.296875 per depositary share.