MetLife (MET) Raises Quarterly Dividend 6.7% to $0.40; 3.4% Yield

April 26, 2016 4:58 PM EDT

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MetLife (NYSE: MET) declared a quarterly dividend of $0.40 per share, or $1.6 annualized. This is a 6.7% increase from the prior dividend of $0.375.

The dividend will be payable on June 13, 2016, to stockholders of record on May 9, 2016, with an ex-dividend date of May 5, 2016.

The annual yield on the dividend is 3.4 percent.

“Everything we are doing at MetLife – our Accelerating Value initiative, our planned U.S. Retail separation, our focus on sustainable cash generation – is designed to maximize long-term shareholder value,” said Steven A. Kandarian, chairman, president and CEO of MetLife, Inc. “Increasing our dividend is an important part of this commitment.”

For a dividend history and other dividend-related data on MetLife (MET) click here.

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