MetLife, Inc. (NYSE:MET) Announces $0.57 Quarterly Dividend

Key Points

• MetLife, Inc. announced a quarterly dividend of $0.57 per share, set to be paid on December 9th to shareholders of record as of November 4th, with an annualized yield of 2.7%.
• The company's payout ratio stands at 22.0%, indicating strong earnings coverage, and analysts predict MetLife will earn $10.57 per share next year, maintaining the dividend sustainability.
• During mid-day trading, MetLife's stock climbed 0.5% to $82.73, with a market cap of $55.02 billion and a P/E ratio of 14.02.

MetLife, Inc. (NYSE:MET - Get Free Report) announced a quarterly dividend on Tuesday, October 7th, RTT News reports. Shareholders of record on Tuesday, November 4th will be paid a dividend of 0.5675 per share by the financial services provider on Tuesday, December 9th. This represents a c) dividend on an annualized basis and a yield of 2.7%.

MetLife has a payout ratio of 22.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect MetLife to earn $10.57 per share next year, which means the company should continue to be able to cover its $2.27 annual dividend with an expected future payout ratio of 21.5%.

MetLife Trading Up 0.5%

NYSE:MET traded up $0.38 during mid-day trading on Tuesday, reaching $82.73. The company's stock had a trading volume of 2,477,772 shares, compared to its average volume of 3,407,894. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.16 and a quick ratio of 0.16. MetLife has a twelve month low of $65.21 and a twelve month high of $89.05. The stock has a market cap of $55.02 billion, a P/E ratio of 14.02, a P/E/G ratio of 0.74 and a beta of 0.86. The company's fifty day simple moving average is $79.20 and its two-hundred day simple moving average is $78.14.

MetLife (NYSE:MET - Get Free Report) last released its earnings results on Wednesday, August 6th. The financial services provider reported $2.02 EPS for the quarter, missing the consensus estimate of $2.32 by ($0.30). MetLife had a net margin of 5.83% and a return on equity of 19.88%. The firm had revenue of $17.34 billion during the quarter, compared to analyst estimates of $18.58 billion. During the same period last year, the business posted $2.28 earnings per share. The firm's quarterly revenue was down 2.7% on a year-over-year basis. On average, equities analysts predict that MetLife will post 9.65 EPS for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. North Capital Inc. purchased a new stake in shares of MetLife in the first quarter valued at about $26,000. Quaker Wealth Management LLC increased its stake in MetLife by 198.2% during the 2nd quarter. Quaker Wealth Management LLC now owns 333 shares of the financial services provider's stock worth $27,000 after buying an additional 672 shares during the period. Motco increased its stake in MetLife by 105.5% during the 1st quarter. Motco now owns 413 shares of the financial services provider's stock worth $33,000 after buying an additional 212 shares during the period. Evolution Wealth Management Inc. purchased a new position in MetLife in the second quarter worth approximately $35,000. Finally, MTM Investment Management LLC purchased a new position in MetLife in the second quarter worth approximately $37,000. Institutional investors own 94.99% of the company's stock.

MetLife Company Profile

MetLife, Inc, a financial services company, provides insurance, annuities, employee benefits, and asset management services worldwide. It operates through six segments: Retirement and Income Solutions; Group Benefits; Asia; Latin America; Europe, the Middle East and Africa; and MetLife Holdings. The company offers life, dental, group short-and long-term disability, individual disability, pet insurance, accidental death and dismemberment, vision, and accident and health coverages, as well as prepaid legal plans; administrative services-only arrangements to employers; and general and separate account, and synthetic guaranteed interest contracts, as well as private floating rate funding agreements.

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