MetLife Announces First Quarter 2020 Preferred Stock Dividend Actions
February 18 2020 - 04:15PM
Business Wire
Declares Series D and Series E Preferred Stock
Dividends
Declares Series A Preferred Stock Dividend,
Subject to Final Confirmation
MetLife, Inc. (NYSE: MET) today announced that it has declared
the following preferred stock dividends:
- Semi-annual dividend of $29.375 per share on the company’s
5.875% fixed-to-floating rate non-cumulative preferred stock,
Series D, with a liquidation preference of $1,000 per share. The
dividend will be payable March 16, 2020, to shareholders of record
as of Feb. 29, 2020.
- Quarterly dividend of $351.5625 per share on the company’s
5.625% non-cumulative preferred stock, Series E, with a liquidation
preference of $25,000 per share, represented by depositary shares
(NYSE: MET PRE) each representing 1/1,000th interest in a share of
the preferred stock, holders of which will receive $0.3515625 per
depositary share. The dividend will be payable March 16, 2020, to
shareholders of record as of Feb. 29, 2020.
- Quarterly dividend of $0.25277777 per share on the company’s
floating rate non-cumulative preferred stock, Series A, with a
liquidation preference of $25 per share (NYSE: MET PRA), subject to
the final confirmation that the company has met the financial tests
specified in the certificate of designations for the Series A
preferred stock, which the company anticipates will be made and
announced on or about March 5, 2020. The New York Stock Exchange
has not yet set an ex-dividend date for the Series A preferred
stock, and will set an ex-dividend date after the confirmatory
announcement. The dividend will be payable March 16, 2020, to
shareholders of record as of March 1, 2020.
About MetLife
MetLife, Inc. (NYSE: MET), through its subsidiaries and
affiliates (“MetLife”), is one of the world’s leading financial
services companies, providing insurance, annuities, employee
benefits and asset management to help its individual and
institutional customers navigate their changing world. Founded in
1868, MetLife has operations in more than 40 markets and holds
leading positions in the United States, Japan, Latin America, Asia,
Europe and the Middle East. For more information, visit
www.metlife.com.
Forward-Looking Statements
The forward-looking statements in this news release, such as
“will,” are based on assumptions and expectations that involve
risks and uncertainties, including the “Risk Factors” MetLife, Inc.
describes in its U.S. Securities and Exchange Commission filings.
MetLife’s future results could differ, and it has no obligation to
correct or update any of these statements.
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