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NEW YORK - MetLife, Inc. (NYSE: MET), a prominent financial services provider, has announced a dividend payment for the fourth quarter of 2024. Shareholders will receive a dividend of $0.545 per share, which is scheduled for distribution on December 16, 2024. Eligibility for this dividend requires shareholders to be on record by November 5, 2024.
Founded in 1868 and recognized as a global leader in insurance, annuities, employee benefits, and asset management, MetLife operates in over 40 markets worldwide. The company maintains a strong presence across the United States, Asia, Latin America, Europe, and the Middle East.
It is important to note that this announcement contains forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties, which could cause actual results to differ materially from those anticipated. MetLife has outlined these potential risks in its filings with the U.S. Securities and Exchange Commission and does not commit to publicly updating any forward-looking statements.
The information for this report is based on a press release statement from MetLife, Inc.
In other recent news, MetLife Inc (NYSE:MET). reported a substantial 18% increase in earnings for the second quarter of 2024, reaching $1.6 billion. This rise was primarily propelled by the Group Benefits segment, which saw a 43% surge in adjusted earnings. Despite a minor 2% decrease in Retirement and Income Solutions earnings, MetLife maintained a strong cash flow and a robust capital position, with cash and liquid assets totaling $4.4 billion at the end of June.
In a recent financial move, MetLife issued an additional $250 million in Senior Notes, bringing the total to $750 million. This issuance is part of a broader business strategy to effectively manage capital requirements. Barclays initiated coverage on MetLife, assigning an Overweight rating, highlighting the company's potential for sustained earnings growth and operational focus.
MetLife Investment Management (MIM) recently announced the appointment of Jude Driscoll as its new president. Driscoll is expected to guide MIM's strategic direction and operations, improving client services and offerings. Additionally, MetLife is nearing the completion of its "Next Horizon" strategy and has announced "New Frontier," a new five-year plan aimed at accelerating growth and enhancing returns. These are recent developments in the company's ongoing efforts to drive growth and improve financial performance.
InvestingPro Insights
MetLife's recent dividend announcement aligns with its strong track record of shareholder returns. According to InvestingPro data, the company currently offers a dividend yield of 2.63%, with a notable dividend growth of 4.81% over the last twelve months. This commitment to shareholder value is further underscored by an InvestingPro Tip, which reveals that MetLife has raised its dividend for 11 consecutive years and has maintained dividend payments for 25 consecutive years.
The company's financial health appears robust, with a market capitalization of $58.47 billion and a price-to-earnings ratio of 22.46. MetLife's revenue for the last twelve months stands at $68.77 billion, reflecting its significant market presence. An InvestingPro Tip highlights that MetLife is a prominent player in the insurance industry, which is consistent with the company's global operations described in the article.
Investors may be interested to know that MetLife's stock has shown strong performance recently, with a 20.55% price total return over the past three months. This positive momentum is reflected in the stock trading near its 52-week high, as indicated by another InvestingPro Tip.
For those seeking a deeper understanding of MetLife's financial outlook, InvestingPro offers additional insights with 12 more tips available. These tips could provide valuable context for investors evaluating the company's dividend policy and overall financial strategy.
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