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.

Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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