Metlife Inc Announces Quarterly Dividend of $0.35 (MET)
Metlife (NYSE:MET) announced a quarterly dividend on Monday, July 7th, StockRatingsNetwork.com reports. Investors of record on Friday, August 8th will be paid a dividend of 0.35 per share on Friday, September 12th. This represents a $1.40 annualized dividend and a dividend yield of 2.47%.
A number of research firms have recently commented on MET. Analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Metlife in a research note on Tuesday, July 1st. They now have a $63.00 price target on the stock, up previously from $58.00. On the ratings front, analysts at S&P Equity Research reiterated a “buy” rating on shares of Metlife in a research note on Wednesday, June 11th. Finally, analysts at Morgan Stanley reiterated an “overweight” rating on shares of Metlife in a research note on Wednesday, June 11th. They now have a $57.00 price target on the stock. Four equities research analysts have rated the stock with a hold rating, fourteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Metlife has an average rating of “Buy” and a consensus price target of $57.80.
Metlife (NYSE:MET) traded down 1.05% on Monday, hitting $56.62. 3,177,686 shares of the company’s stock traded hands. Metlife has a 52-week low of $45.52 and a 52-week high of $57.57. The stock has a 50-day moving average of $53.75 and a 200-day moving average of $52.20. The company has a market cap of $63.730 billion and a price-to-earnings ratio of 17.94.
Metlife (NYSE:MET) last released its earnings data on Wednesday, April 30th. The company reported $1.37 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.40 by $0.03. On average, analysts predict that Metlife will post $5.66 earnings per share for the current fiscal year.
MetLife, Inc (NYSE:MET) is a provider of insurance, annuities and employee benefit programs, serving 90 million customers in over 50 countries.
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