Summary
MetLife, Inc. (MET) filed an 8-K on May 16, 2022, primarily to announce the declaration of quarterly dividends on its preferred stock. Specifically, the company declared dividends for its floating rate non-cumulative preferred stock, Series A; its 5.625% non-cumulative preferred stock, Series E; and its 4.75% non-cumulative preferred stock, Series F. These dividend declarations are routine for a mature financial institution like MetLife and indicate continued financial stability and commitment to returning capital to shareholders. Investors should note that these dividends pertain to preferred stock, not common stock, and reflect the specific terms and liquidation preferences associated with each preferred series. The full details of the dividend amounts per share and per depositary share are provided in the filing and the accompanying news release.
Key Highlights
- 1MetLife, Inc. announced the declaration of quarterly dividends on three series of its preferred stock.
- 2Dividends were declared for Series A (floating rate non-cumulative), Series E (5.625% non-cumulative), and Series F (4.75% non-cumulative) preferred stock.
- 3The Series A preferred stock dividend is $0.25555555 per share.
- 4The Series E preferred stock dividend is $351.5625 per share (or $0.3515625 per depositary share).
- 5The Series F preferred stock dividend is $296.875 per share (or $0.296875 per depositary share).
- 6The filing includes a news release dated May 16, 2022, as an exhibit, detailing these dividend announcements.
- 7This 8-K filing is primarily an 'Other Events' disclosure related to dividend declarations.