Summary
MetLife, Inc. (MET) filed an 8-K on August 15, 2019, to announce the declaration of several preferred stock dividends. The company declared a quarterly dividend for Series A floating rate non-cumulative preferred stock, a semi-annual dividend for Series D fixed-to-floating rate non-cumulative preferred stock, and a quarterly dividend for Series E non-cumulative preferred stock. These declarations reflect MetLife's ongoing commitment to returning capital to its shareholders through regular dividend payments on its preferred stock. Investors holding these specific preferred stock series should note the dividend amounts and payment frequencies as outlined in the filing.
Key Highlights
- 1MetLife Inc. declared quarterly dividends for its Series A floating rate non-cumulative preferred stock.
- 2A semi-annual dividend was declared for MetLife's Series D 5.875% fixed-to-floating rate non-cumulative preferred stock.
- 3MetLife also declared a quarterly dividend for its Series E 5.625% non-cumulative preferred stock.
- 4The filing includes the specific dividend amounts per share for each preferred stock series.
- 5This 8-K filing primarily serves to formally announce these dividend declarations.
- 6The news release detailing the dividend declarations is attached as an exhibit.
Frequently Asked Questions
The main purpose of this 8-K filing is to formally announce MetLife, Inc.'s declaration of dividends on its Series A, Series D, and Series E preferred stocks.
Dividends were declared for MetLife's Series A floating rate non-cumulative preferred stock (quarterly), Series D 5.875% fixed-to-floating rate non-cumulative preferred stock (semi-annual), and Series E 5.625% non-cumulative preferred stock (quarterly).
This filing specifically addresses the declaration of dividends for certain preferred stock series and does not provide information on changes to the company's common stock dividend policy or overall capital return strategy.
The exact dividend amounts per share for each series are detailed in the 8-K filing and the attached news release (Exhibit 99.1). For Series A, it's $0.25277777 per share; for Series D, it's $29.375 per share; and for Series E, it's $351.5625 per share (or $0.3515625 per depositary share).