MetLife Declares Preferred Dividends

Life insurance provider MetLife  yesterday declared second-quarter dividends on its Series A and Series B classes of its preferred shares, payable on June 17 to stockholders of record on May 31.

For its floating rate Series A non-cumulative preferred stock, which trades on the NYSE under the symbol METPrA, MetLife will pay a dividend of $0.2555555 per share. For its 6.50% Series B non-cumulative preferred stock, which trades on the NYSE under the symbol METPrB, MetLife will pay a dividend of $0.4062500 per share.

Based on the first-quarter dividend of $0.275 for each share of common stock, which was announced in April, the dividend for non-preferred shares annualizes to $1.10 per share. That yields 2.6% at MetLife's most recent closing price on May 15.

The article MetLife Declares Preferred Dividends originally appeared on Fool.com.

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