MetLife, Inc. (NYSE:MET) Announces $0.59 Quarterly Dividend

MetLife, Inc. (NYSE:MET) declared a quarterly dividend on Tuesday, July 7th. Investors of record on Tuesday, August 4th will be paid a dividend of 0.5925 per share by the financial services provider on Tuesday, September 8th. This represents a c) annualized dividend and a dividend yield of 2.6%. The ex-dividend date is Tuesday, August 4th.

MetLife has raised its dividend by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 12 consecutive years. MetLife has a dividend payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect MetLife to earn $11.00 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 Trading Up 1.4%

Shares of MetLife stock opened at $91.76 on Wednesday. The company has a market capitalization of $59.04 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 0.68 and a beta of 0.78. The stock has a fifty day simple moving average of $83.68 and a 200 day simple moving average of $78.43. MetLife has a 12-month low of $67.33 and a 12-month high of $92.27. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53.

MetLife (NYSE:MET) last posted its quarterly earnings data on Wednesday, May 6th. The financial services provider reported $2.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.27 by $0.15. MetLife had a net margin of 4.66% and a return on equity of 22.60%. The firm had revenue of $14.18 billion for the quarter, compared to the consensus estimate of $19.49 billion. During the same period in the previous year, the firm earned $1.96 EPS. The business’s revenue for the quarter was up 2.7% compared to the same quarter last year. On average, sell-side analysts anticipate that MetLife will post 9.98 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.