MetLife Declares Third Quarter 2021 Preferred Stock Dividends

Rhea-AI Summary

MetLife, Inc. (NYSE: MET) has announced preferred stock dividends for various series of its non-cumulative preferred stock. Key details include:

• Quarterly dividend of $0.25555555 on Series A, payable on Sept. 15, 2021.
• Semi-annual dividend of $29.375 on Series D, with a liquidation preference of $1,000.
• Quarterly dividends of $351.5625 on Series E and $296.875 on Series F.
• Semi-annual dividend of $19.250 on Series G.

These dividends are payable to shareholders of record as of Aug. 31, 2021.

Positive

• Consistent dividend payments reflect company stability.
• Attractive yield for preferred stockholders.
• Diverse series of preferred stock provides options for investors.

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).

• 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.

The above dividends will be payable Sept. 15, 2021, to shareholders of record as of Aug. 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, which contain words 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/20210816005537/en/

FAQ

What are the dividend amounts for MetLife preferred stocks?

MetLife has declared various dividends for its preferred stocks: $0.25555555 for Series A, $29.375 for Series D, $351.5625 for Series E, $296.875 for Series F, and $19.250 for Series G.

When will the dividends be paid for MetLife's preferred stock?

The dividends are payable on September 15, 2021, to shareholders of record as of August 31, 2021.

What is the yield on MetLife's preferred stock Series D?

The yield on Series D, which pays a semi-annual dividend of $29.375, can be calculated based on its liquidation preference of $1,000.

Are MetLife's preferred stock dividends sustainable?

The sustainability of MetLife's preferred stock dividends depends on the company's overall financial health and performance.