MetLife, Inc. (NYSE:MET) announced a quarterly dividend on Friday, July 7th, RTT News reports. Stockholders of record on Monday, August 7th will be given a dividend of 0.40 per share by the financial services provider on Wednesday, September 13th. This represents a $1.60 annualized dividend and a dividend yield of 2.85%.

MetLife has raised its dividend payment by an average of 16.0% annually over the last three years and has raised its dividend annually for the last 4 consecutive years. MetLife has a payout ratio of 29.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect MetLife to earn $5.82 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 27.5%.

MetLife (NYSE:MET) traded up 0.52% during mid-day trading on Friday, hitting $56.17. The stock had a trading volume of 3,933,914 shares. The company’s market capitalization is $60.44 billion. The stock’s 50-day moving average is $51.91 and its 200 day moving average is $52.97. MetLife has a 52 week low of $36.99 and a 52 week high of $58.09.

MetLife (NYSE:MET) last released its earnings results on Wednesday, May 3rd. The financial services provider reported $1.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.19. The business had revenue of $16.27 billion for the quarter, compared to the consensus estimate of $17.02 billion. MetLife had a positive return on equity of 7.57% and a negative net margin of 0.95%. MetLife’s quarterly revenue was down 11.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.20 earnings per share. Equities analysts forecast that MetLife will post $5.40 earnings per share for the current fiscal year.

A number of research firms recently issued reports on MET. Citigroup Inc. set a $51.00 target price on MetLife and gave the company a “sell” rating in a research report on Friday. Wells Fargo & Company reaffirmed a “buy” rating on shares of MetLife in a research report on Saturday, July 1st. BidaskClub raised MetLife from a “sell” rating to a “hold” rating in a research report on Thursday, June 29th. J P Morgan Chase & Co lowered their target price on MetLife from $57.00 to $54.00 and set an “overweight” rating on the stock in a research report on Monday, April 3rd. Finally, Zacks Investment Research raised MetLife from a “hold” rating to a “buy” rating and set a $59.00 target price on the stock in a research report on Tuesday, April 11th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $56.33.

COPYRIGHT VIOLATION NOTICE: This piece of content was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The legal version of this piece of content can be read at

MetLife Company Profile

MetLife, Inc is a provider of life insurance, annuities, employee benefits and asset management. The Company’s segments include U.S.; Asia; Latin America; Europe, the Middle East and Africa (EMEA); MetLife Holdings; Brighthouse Financial, and Corporate & Other. Its U.S. segment is organized into Group Benefits, Retirement and Income Solutions and Property & Casualty businesses.

Dividend History for MetLife (NYSE:MET)

Receive News & Ratings for MetLife Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for MetLife Inc. and related companies with's FREE daily email newsletter.