01—Abstract
Summary
Summary of the 8-K filed February 18, 2025. Cited figures are marked; the original filing is the authoritative source.
On February 18, 2025, MetLife, Inc. (NYSE: MET) declared dividends on five series of its preferred stock, totaling the first-quarter 2025 preferred dividend cycle.
The declarations cover the 5.875% fixed-to-floating Series D (semi-annual, $29.375a per $1,000 share), the 5.625% Series E (quarterly, $351.5625 per $25,000 share, or $0.3515625 per depositary share), the 4.75% Series F (quarterly, $296.875 per $25,000 share, or $0.296875 per depositary share), the 3.850% fixed-rate reset Series G (semi-annual, $19.250 per $1,000 share), and the floating-rate Series A (quarterly, $0.35516415 per $25 share). The Series A dividend is subject to final confirmation that MetLife has met the financial tests in its certificate of designations, which the company expects to announce on or about March 5, 2025. The dividends are payable March 17, 2025, to holders of record as of February 28, 2025.
The Series A record date falls on Sunday, March 2, 2025, so Series A holders of record on that date receive the payment. The New York Stock Exchange has not yet set an ex-dividend date for Series A and will do so after the confirmatory announcement. This is a routine capital-management disclosure rather than a material financial event.
It does not report earnings, guidance, or changes to MetLife's financial condition. For income-focused preferred holders, it confirms the scheduled payouts and the timing of the Series A conditional payment. Because the preferred stock is non-cumulative, any future dividend the board does not declare would not accrue or be owed later.
02—Key points
Key Highlights
- MetLife declared first-quarter 2025 dividends on five preferred series: Series D, E, F, G and floating-rate Series A.
- Series D pays a semi-annual $29.375 per $1,000 share (5.875% annual rate); Series G pays a semi-annual $19.250 per $1,000 share (3.850%).
- Series E ($0.3515625 per depositary share) and Series F ($0.296875 per depositary share) pay quarterly dividends at 5.625% and 4.75% annual rates, respectively.
- The Series A floating-rate dividend of $0.35516415 per $25 share is conditional on MetLife confirming it has met the financial tests in the certificate of designations, expected around March 5, 2025.
- All dividends are payable March 17, 2025, to holders of record as of February 28, 2025; the Series A record date is March 2, 2025.
- The NYSE will set a Series A ex-dividend date only after the confirmatory announcement.
- The preferred stock is non-cumulative, so omitted dividends would not accrue, and the filing reports no changes to MetLife's financial results or outlook.
03—Questions
Frequently Asked Questions
When will preferred shareholders receive these dividends?
All declared dividends are payable on March 17, 2025, to shareholders of record as of February 28, 2025. The Series A record date falls on Sunday, March 2, 2025, and its payment is subject to MetLife's confirmation that it met the required financial tests.
Is the Series A dividend guaranteed?
Not yet. The Series A dividend of $0.35516415 per share is subject to final confirmation that MetLife has met the financial tests in the Series A certificate of designations. MetLife expects to announce that confirmation on or about March 5, 2025.
What do the dividend amounts mean for investors?
The amounts match the stated coupon rates. For example, Series D's $29.375 semi-annual payment on a $1,000 share equals 5.875% a year, and Series E's $0.3515625 per depositary share matches a 5.625% annual rate on a $25 equivalent. Investors can use these figures to estimate their annual income from each series.
Does this filing reveal anything about MetLife's financial performance?
No. The 8-K covers only routine preferred stock dividend declarations. It contains no earnings data, guidance, or changes to the company's financial condition, so investors should look to MetLife's periodic reports for performance information.
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