MetLife Increases Common Stock Dividend By 4.3%

Rhea-AI Summary

MetLife, Inc. (NYSE: MET) has declared a second quarter 2021 common stock dividend of $0.48 per share, a 4.3% increase from the previous quarter's dividend of $0.46. This marks a compound annual growth rate of 10.0% in dividend increases since 2011. The dividend is scheduled for payment on June 14, 2021, to shareholders of record as of May 11, 2021. MetLife's President and CEO, Michel Khalaf, highlighted the company's financial strength and commitment to returning capital to shareholders while pursuing profitable growth.

Positive

• Dividend increase of 4.3% to $0.48 per share.
• 10.0% compound annual growth rate in dividends since 2011.
• Strong free cash flow supports ongoing shareholder returns.

Negative

• None.

MetLife, Inc. (NYSE: MET) today announced that its Board of Directors has declared a second quarter 2021 common stock dividend of $0.48 per share, an increase of 4.3% from the first quarter common stock dividend of $0.46 per share. MetLife has increased its common stock quarterly dividend at a 10.0% compound annual growth rate since 2011.

The dividend will be payable on June 14, 2021, to shareholders of record as of May 11, 2021.

“We are pleased to increase our common stock quarterly dividend by 4.3%,” said MetLife President and CEO Michel Khalaf. “Thanks to our financial strength, we are a source of steady and growing income for millions of people. By executing on our Next Horizon strategy, we are generating strong free cash flow that enables us to return capital to our shareholders while also investing to drive profitable growth now and into the future.”

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” and “into the future,” 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/20210427005798/en/

FAQ

What is the new dividend amount declared by MetLife?

MetLife has declared a new dividend amount of $0.48 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on June 14, 2021.

What is the record date for MetLife's dividend?

The record date for the dividend is May 11, 2021.

How has MetLife's dividend changed over recent years?

MetLife has increased its common stock quarterly dividend at a 10.0% compound annual growth rate since 2011.