Life insurance provider MetLife (NYSE:MET) yesterday declared second-quarter dividends on its Series A and Series B classes of its preferred shares, payable on June 17 to stockholders of record on May 31.
For its floating rate Series A non-cumulative preferred stock, which trades on the NYSE under the symbol METPrA, MetLife will pay a dividend of $0.2555555 per share. For its 6.50% Series B non-cumulative preferred stock, which trades on the NYSE under the symbol METPrB, MetLife will pay a dividend of $0.4062500 per share.
Based on the first-quarter dividend of $0.275 for each share of common stock, which was announced in April, the dividend for non-preferred shares annualizes to $1.10 per share. That yields 2.6% at MetLife's most recent closing price on May 15.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.
More from The Motley Fool
Your 3-Point Guide to Paying Off Debt
Want to shake that debt for good? Here's how.
Are You Paying More for Health Insurance Than You Should Be?
When it comes to picking healthcare coverage, too many of us opt for plans that don't make any financial sense.
These 3 Stocks Are Undeniably Cheap
After a sharp sell-off in recent years, these pipeline companies sell for shockingly low prices.