Dividend Increase Announcement
On April 27th, MetLife announced a dividend increase of 4.3%. This will increase their dividend per quarter from $0.46 to $0.48. It is payable on June 14th for shareholders of record on May 11th. The new quarterly dividend represents an annualized dividend amount of $1.92 per share as compared to the current annualized dividend amount of $1.84 per share.
MetLife Dividend Information
Annual Dividend: $1.92
Dividend Yield: 3.01%
Dividend Growth History: 3 years
Dividend Increase Effect On More Dividends
I am currently holding 18.532 shares of MetLife in the More Dividends portfolio. With this 4.3% increase it will add an additional $1.48 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
MetLife is one of my newer holdings. I initiated the position last year when I was buying during the lockdown selloff. I wish I would have bought more but I will have to wait until the share price drops below my cost basis. Until then I will continue to hold and to let the dividends compound.
Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉
Do you currently hold any stock in MetLife? What do you think of this dividend increase? Just let me know in the comments.
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
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