NEW YORK - MetLife, Inc. (NYSE: NYSE:MET) has announced the declaration of a quarterly dividend for the first quarter of 2025. Shareholders of record as of February 4, 2025, will receive a dividend of $0.545 per share on March 11, 2025. According to InvestingPro data, MetLife has maintained dividend payments for 25 consecutive years and raised them for the past 12 years, with a current yield of 2.66%.
The company, a global provider of insurance, annuities, employee benefits, and asset management, is recognized for its extensive operations across more than 40 markets worldwide. With a history dating back to 1868, MetLife has established a significant presence in major regions including the United States, Asia, Latin America, Europe, and the Middle East. With a market capitalization of $56.83 billion and a perfect Piotroski Score of 9 according to InvestingPro, MetLife appears undervalued based on InvestingPro’s Fair Value analysis.
This announcement of the dividend follows MetLife’s consistent practice of returning value to its shareholders and reflects the company’s financial policies. Trading at a P/E ratio of 16.54 and maintaining strong financial health with an InvestingPro score of 2.56 out of 3, MetLife demonstrates solid fundamentals. It is important to note that this statement includes forward-looking statements that are subject to risks and uncertainties. These statements are based on certain assumptions, and actual results may differ from those projected. MetLife has indicated that it does not have any obligation to update or correct any forward-looking statements publicly. For comprehensive analysis and additional insights, investors can access MetLife’s detailed Pro Research Report, available exclusively on InvestingPro.
The declaration of this dividend is based on a press release statement and should be considered in the context of MetLife’s financial performance and market conditions. Shareholders and investors are often interested in such declarations as they can affect share value and yields.
As a publicly-traded company, MetLife regularly files reports with the U.S. Securities and Exchange Commission. These filings include detailed risk factors that could impact the company’s financial results and should be reviewed by investors for a comprehensive understanding of the potential risks associated with investing in MetLife.
The information provided in this article is based solely on the press release issued by MetLife, Inc. and does not include any additional analysis or commentary.
In other recent news, MetLife has been making significant strides in its strategic and financial landscape. The global financial services provider recently reported mixed Q3 2024 earnings with adjusted earnings of $1.4 billion or $1.93 per share, marking a decrease from the previous year. However, the company reported a 9% increase in Latin America’s adjusted earnings, despite declines in earnings for Group Benefits and Retirement and Income Solutions segments, and a 6% fall in Asia’s adjusted earnings.
MetLife has also announced ambitious financial targets under its New Frontier strategic plan. The insurance firm aims to achieve double-digit growth in adjusted earnings per share (EPS) and a 15-17% return on equity, coupled with a 100 basis point reduction in expense ratio, and anticipates generating over $25 billion in five-year free cash flow. This strategic plan has received positive feedback from Keefe, Bruyette & Woods and Piper Sandler, both of which maintained their Outperform and Overweight ratings on MetLife’s stock, respectively.
In addition, MetLife has appointed Nick Nadgauda as the new Executive Vice President and Chief Information Officer. Nadgauda, who brings a wealth of experience from his time at Citi and as co-founder and CTO of Invertica, will oversee MetLife’s technology strategy.
The company has also announced a partnership with General Atlantic to launch Chariot Reinsurance in 2025. This venture aims to leverage third-party capital to pursue growth opportunities beyond what MetLife could achieve with its own balance sheet and is expected to commence operations by reinsuring a $10 billion block of MetLife’s liabilities. These recent developments highlight MetLife’s strategic and financial landscape.
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