MetLife (NYSE:MET) has declared a dividend for Q1 2013, the company announced in an official release. The payout amounts to $0.185 per share of common stock. It will be disbursed on March 13 to shareholders of record as of Feb. 6.
The firm has shifted to paying dividends on a quarterly basis rather than yearly. The just-announced payout is in line with the $0.74 annual disbursement it's paid since 2007.
This year, MetLife plans to transition back into a more traditional insurance company. It is in the process of selling its banking assets, which by law make it a bank holding company and, as such, subject it to more stringent regulations.
Eric Volkman has no position in MetLife, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.