MetLife, Inc. - MET STOCK NEWS

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.

MetLife, in collaboration with the New York Jets and Giants, announced the winners of the MetLife Workforce Mural contest to honor essential workers in the Tri-State area. Winning artworks by Tiffany Loo and Tricia Reilly-Matthews will be featured as large-scale murals at MetLife Stadium. The initiative celebrated essential workers, including first responders and grocery staff, during the pandemic. Former NFL players Bart Scott and Victor Cruz assisted in selecting the artworks. The murals are on display at the stadium entrance throughout the season.

MetLife Pet Insurance has pledged $500,000 to animal rescue shelters across the U.S. to assist with operational and care costs. This contribution comes in response to the rising demand for resources as shelters have facilitated over 2 million adoptions since last spring. The pandemic has increased operational costs for shelters, highlighting the need for financial support. MetLife Pet Insurance aims to help shelters maintain their crucial work in animal care and adoption, emphasizing their commitment to communities and pet health.

MetLife, Inc. (NYSE: MET) announced a financial update for Q2 2021 by CFO John McCallion. The update video is available on the company's website and aims to inform stakeholders about the company's financial performance and outlook. MetLife operates globally, providing diverse financial services including insurance and asset management. Founded in 1868, it holds significant market positions across various regions including the U.S., Japan, and Europe. The release includes forward-looking statements subject to risks and uncertainties.

MetLife, Inc. (NYSE: MET) has received board approval for a new $3 billion stock repurchase program, adding to the $475 million remaining from a previous authorization. This initiative reflects MetLife's commitment to long-term shareholder value, as articulated by President and CEO Michel Khalaf. In the past year, the company invested approximately $5 billion for growth and increased its common dividend by 4.3% in April. The stock buyback aims to return excess capital to shareholders.

MetLife, Inc. (NYSE: MET) reported a robust second quarter 2021, with net income soaring to $3.4 billion ($3.83 per share), up from $68 million ($0.07 per share) in Q2 2020. Adjusted earnings also surged to $2.1 billion ($2.37 per share), marking a 176% increase. Total revenues reached $18.5 billion, reflecting a 31% growth from the prior year. Book value per share fell by 4% to $75.86, while ROE was strong at 21.2%. Investment income benefited from private equity returns, pushing net investment income up 29% to $5.3 billion.

MetLife Investment Management (MIM) has completed the first phase of a Collective Investment Trust (CIT) in collaboration with SEI Trust Company. This new CIT platform aims to enhance access to MIM's Public Fixed Income strategies, particularly for the defined contribution market. MIM's CITs include various trusts focused on short duration, intermediate credit, core fixed income, high yield, and emerging market debt. The firm reports a substantial growth in unaffiliated institutional client assets under management, nearly doubling since 2017 to $66.4 billion.