MetLife, Inc. (MET) to Issue Quarterly Dividend of $0.57 on March 10th

MetLife, Inc. (NYSE:MET) announced a quarterly dividend on Tuesday, January 6th. Shareholders of record on Tuesday, February 3rd will be given a dividend of 0.5675 per share by the financial services provider on Tuesday, March 10th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, February 3rd.

MetLife has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 12 years. MetLife has a dividend payout ratio of 22.0% meaning its dividend is sufficiently covered by earnings. Research analysts expect MetLife to earn $10.57 per share next year, which means the company should continue to be able to cover its $2.27 annual dividend with an expected future payout ratio of 21.5%.

MetLife Stock Up 0.8%

Shares of MET opened at $78.84 on Friday. The stock has a market capitalization of $51.94 billion, a price-to-earnings ratio of 14.85, a PEG ratio of 0.75 and a beta of 0.76. MetLife has a 52 week low of $65.21 and a 52 week high of $87.50. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a fifty day moving average of $78.77 and a 200-day moving average of $78.81.

MetLife (NYSE:MET) last issued its earnings results on Wednesday, November 5th. The financial services provider reported $2.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.30 by $0.07. MetLife had a return on equity of 21.00% and a net margin of 5.30%.The business had revenue of $12.46 billion during the quarter, compared to analysts’ expectations of $18.64 billion. During the same quarter in the prior year, the firm earned $1.95 EPS. The business’s revenue for the quarter was down 5.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that MetLife will post 9.65 earnings per share for the current fiscal year.

MetLife Company Profile

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.