MetLife (MET) Approves New $3B Common Stock Buyback Plan
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MetLife Announces New $3 Billion Share Repurchase Authorization
November 10, 2016 7:00 AM ESTNEW YORK--(BUSINESS WIRE)-- MetLife, Inc. (NYSE: MET) today announced that its board of directors has approved a new $3 billion authorization for the company to repurchase its common stock.
Commenting on the announcement, Chairman, President and CEO Steven A. Kandarian said:
"Excess capital belongs to our shareholders, and we are pleased to announce our largest ever buyback authorization now that we have defined a capitalization and execution plan for the separation of Brighthouse Financial. Together with our dividend, which has grown by 116 percent over the past three years, this buyback authorization... More
