METLIFE INCREASES SECOND QUARTER 2016 COMMON STOCK DIVIDEND BY APPROXIMATELY 7 PERCENT FOR SECOND CONSECUTIVE YEAR
NEW YORK, April 26, 2016
MetLife, Inc. (NYSE: MET) today announced that its board of directors has declared a second quarter 2016 common stock dividend of $0.40 per share, an increase of approximately 7 percent from the first quarter 2016 common stock dividend of $0.375 per share.
This is the second year in a row that the company has increased its dividend by approximately 7 percent and represents a 116 percent increase since the first quarter of 2013, the last quarter before the company resumed dividend increases.
The dividend will be payable on June 13, 2016, to shareholders of record as of May 9, 2016.
“Everything we are doing at MetLife – our Accelerating Value initiative, our planned U.S. Retail separation, our focus on sustainable cash generation – is designed to maximize long-term shareholder value,” said Steven A. Kandarian, chairman, president and CEO of MetLife, Inc. “Increasing our dividend is an important part of this commitment.”
MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East. For more information, visit www.metlife.com.
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Any or all forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Many such factors will be important in determining the actual future results of MetLife, Inc., its subsidiaries and affiliates. These statements are based on current expectations and the current economic environment. They involve a number of risks and uncertainties that are difficult to predict. These statements are not guarantees of future performance. Actual results could differ materially from those expressed or implied in the forward-looking statements. Risks, uncertainties, and other factors that might cause such differences include the risks, uncertainties and other factors identified in MetLife, Inc.’s most recent Annual Report on Form 10-K (the "Annual Report") filed with the U.S. Securities and Exchange Commission (the "SEC"), any Quarterly Reports on Form 10-Q filed by MetLife, Inc. with the SEC after the date of the Annual Report under the captions "Note Regarding Forward-Looking Statements" and "Risk Factors," and other filings MetLife, Inc. makes with the SEC. MetLife, Inc. does not undertake any obligation to publicly correct or update any forward-looking statement if MetLife, Inc. later becomes aware that such statement is not likely to be achieved. Please consult any further disclosures MetLife, Inc. makes on related subjects in reports to the SEC.