MetLife, Inc. (MET) to Issue Quarterly Dividend of $0.59 on June 9th

MetLife, Inc. (NYSE:MET) declared a quarterly dividend on Tuesday, April 28th. Investors of record on Tuesday, May 12th will be given a dividend of 0.5925 per share by the financial services provider on Tuesday, June 9th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Tuesday, May 12th. This is a 4.4% increase from MetLife’s previous quarterly dividend of $0.57.

MetLife has increased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 12 years. MetLife has a dividend payout ratio of 22.9% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect MetLife to earn $11.02 per share next year, which means the company should continue to be able to cover its $2.37 annual dividend with an expected future payout ratio of 21.5%.

MetLife Stock Down 0.9%

Shares of NYSE:MET opened at $78.08 on Friday. The company has a market capitalization of $50.91 billion, a PE ratio of 15.13, a P/E/G ratio of 0.69 and a beta of 0.78. The company has a current ratio of 0.16, a quick ratio of 0.20 and a debt-to-equity ratio of 0.55. MetLife has a twelve month low of $67.33 and a twelve month high of $83.85. The firm has a 50 day simple moving average of $73.33 and a 200-day simple moving average of $76.53.

MetLife (NYSE:MET) last issued its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $2.42 earnings per share for the quarter, topping the consensus estimate of $2.27 by $0.15. The business had revenue of $14.18 billion during the quarter, compared to the consensus estimate of $19.49 billion. MetLife had a net margin of 4.66% and a return on equity of 22.57%. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.96 EPS. On average, equities analysts predict that MetLife will post 9.89 EPS for the current fiscal year.

About MetLife

MetLife, Inc is a global provider of insurance, annuities and employee benefit programs. Headquartered in New York City, the company offers a range of risk protection and retirement solutions to individuals, employers and institutional clients. Its core businesses include life insurance, group benefits, retirement products such as annuities, and supplemental health products including dental and disability coverage.

In addition to traditional life and group insurance, MetLife provides workplace benefits and voluntary products distributed through employer-sponsored programs.