Summary
MetLife Inc. (MET) filed an 8-K on February 18, 2011, to announce the declaration of first-quarter 2011 dividends for its preferred stock. Specifically, dividends were declared for the floating rate non-cumulative preferred stock, Series A, and the 6.50% non-cumulative preferred stock, Series B. This announcement is crucial for preferred stockholders as it confirms their expected dividend payments for the upcoming quarter.
Key Highlights
- 1Declaration of Q1 2011 dividends for MetLife's preferred stock.
- 2Dividends declared for Series A (floating rate non-cumulative preferred stock).
- 3Dividends declared for Series B (6.50% non-cumulative preferred stock).
- 4Dividend amounts are $0.2500000 per share for Series A and $0.4062500 per share for Series B.
- 5Dividend declaration is subject to final confirmation of meeting specific financial tests for both preferred stock series.
- 6The press release announcing these dividends is filed as Exhibit 99.1.
Frequently Asked Questions
The main purpose of this 8-K filing is to officially announce the declaration of first-quarter 2011 dividends for MetLife Inc.'s Series A and Series B preferred stocks.
The dividend declaration is subject to the final confirmation that MetLife Inc. has met the specific financial tests outlined for both the Series A and Series B preferred stock. Therefore, while declared, final payment is contingent on meeting these conditions.
For the floating rate non-cumulative preferred stock, Series A, the dividend is $0.2500000 per share. For the 6.50% non-cumulative preferred stock, Series B, the dividend is $0.4062500 per share.
More details about the dividend announcement can be found in the press release issued by MetLife, Inc. on February 18, 2011, which is attached as Exhibit 99.1 to this 8-K filing.