|
Featured MNV Articles:
| MetLife Floating Rate Non-Cumulative Preferred Stock, Series A Ex-Dividend ReminderBy Preferred Stock Channel Staff, Tuesday, February 23, 3:59 PM ET
On 2/25/21, MetLife Inc's Floating Rate Non-Cumulative Preferred Stock, Series A (NYSE:MET.PRA) will trade ex-dividend, for its quarterly dividend of $0.25, payable on 3/15/21. As a percentage of MET.PRA's recent share price of $25.15, this dividend works out to approximately 0.99%, so look for shares of MET.PRA to trade 0.99% lower — all else being equal — when MET.PRA shares open for trading on 2/25/21. On an annualized basis, the current yield is approximately 3.97%, which compares to an average yield of 5.49% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, MET.PRA was trading at a 0.64% premium to its liquidation preference amount, versus the average premium of 5.03% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend. The chart below shows the one year performance of MET.PRA shares, versus MET:
Below is a dividend history chart for MET.PRA, showing historical dividends prior to the most recent $0.25 on MetLife Inc's Floating Rate Non-Cumulative Preferred Stock, Series A: Free Report: Top 7%+ Dividends (paid monthly)
In Tuesday trading, MetLife Inc's Floating Rate Non-Cumulative Preferred Stock, Series A (NYSE:MET.PRA) is currently trading flat on the day, while the common shares (NYSE:MET) are down about 0.2%.
This Article's Word Cloud:
Arial
Below
Channel
Cumulative
Dividend
Dividends
Financial
Floating
Free
Going
Investors
MetLife
NYSE
Preferred
Rate
Report
Series
Start
Stock
Stocks
Tuesday
about
according
afterLeftLabels
amount
annualized
approximately
average
axisColor
background
balance
basis
category
chart
common
dividend
dividends
escape
fillColor
mdash
missed
preferred
premium
recent
shares
that
trade
trading
versus
yield
|