MetLife, Inc. (NYSE:MET) Shareholders to Receive $0.59 Quarterly Dividend

MetLife, Inc. (NYSE:MET) announced a quarterly dividend on Tuesday, October 6th. Investors of record on Tuesday, November 3rd will be given a dividend of $0.5925 per share by the financial services provider on Tuesday, December 8th. This represents a $2.37 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, November 3rd.

MetLife has raised its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 12 years. MetLife has a dividend payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect MetLife to earn $10.70 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 22.1%.

MetLife Stock Up 0.4%

Shares of MetLife stock opened at $97.22 on Wednesday. The company has a debt-to-equity ratio of 0.52, a current ratio of 0.20 and a quick ratio of 0.20. MetLife has a 1 year low of $67.33 and a 1 year high of $100.93. The firm’s 50-day moving average is $96.53 and its two-hundred day moving average is $87.17. The stock has a market cap of $62.56 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 0.92 and a beta of 0.78.

MetLife (NYSE:MET) last posted its quarterly earnings results on Wednesday, August 5th. The financial services provider reported $2.43 EPS for the quarter, beating the consensus estimate of $2.30 by $0.13. MetLife had a net margin of 4.57% and a return on equity of 23.39%. The business had revenue of $13.52 billion during the quarter, compared to analyst estimates of $19.67 billion. During the same quarter in the previous year, the business posted $2.02 EPS. The company’s quarterly revenue was up 10.5% compared to the same quarter last year. As a group, research analysts expect that MetLife will post 9.85 earnings per share for the current fiscal year.

MetLife declared that its board has initiated a share buyback plan on Wednesday, August 5th that allows the company to buyback $3.00 billion in outstanding shares. This buyback authorization allows the financial services provider to purchase up to 4.8% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

About MetLife

MetLife, Inc is a global financial services company that provides insurance, employee benefits and retirement solutions. Its products and services include life insurance, dental and vision coverage, disability insurance, accident and health benefits, annuities, and savings and retirement products.

The company serves individuals, employers and institutions through group benefits, workplace solutions and individual insurance offerings. MetLife also provides investment and retirement services designed to help employers and employees prepare for long-term financial needs.

Founded in 1868, MetLife is headquartered in New York City and operates through businesses in the United States and international markets, including regions across Latin America, Asia and Europe.