MetLife, Inc. (MET) To Go Ex-Dividend on August 4th

MetLife, Inc. (NYSE:MET) announced a quarterly dividend on Tuesday, July 7th. Stockholders 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 payment by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 12 consecutive years. MetLife has a payout ratio of 22.9% meaning its dividend is sufficiently covered by earnings. Equities 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 Price Performance

MET stock opened at $90.09 on Thursday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.20 and a current ratio of 0.20. MetLife has a 1 year low of $67.33 and a 1 year high of $92.27. The firm has a market cap of $57.97 billion, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 0.69 and a beta of 0.78. The stock has a 50-day simple moving average of $83.93 and a 200-day simple moving average of $78.49.

MetLife (NYSE:MET) last released its quarterly earnings results on Wednesday, May 6th. The financial services provider reported $2.42 EPS for the quarter, topping the consensus estimate of $2.27 by $0.15. The firm had revenue of $14.18 billion for the quarter, compared to analyst estimates of $19.49 billion. MetLife had a return on equity of 22.60% and a net margin of 4.66%.MetLife’s revenue for the quarter was up 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $1.96 EPS. On average, equities analysts predict that MetLife will post 9.97 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.