MetLife's Preferred Stock, Series A Crosses Above 6% Yield Territory

In trading on Monday, shares of MetLife Inc's Floating Rate Non-Cumulative Preferred Stock, Series A (Symbol: MET.PRA) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.4057), with shares changing hands as low as $23.33 on the day. This compares to an average yield of 6.53% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, MET.PRA was trading at a 5.84% discount to its liquidation preference amount, versus the average discount of 11.00% 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.

Below is a dividend history chart for MET.PRA, showing historical dividend payments on MetLife Inc's Floating Rate Non-Cumulative Preferred Stock, Series A:

In Monday trading, MetLife Inc's Floating Rate Non-Cumulative Preferred Stock, Series A (Symbol: MET.PRA) is currently down about 0.8% on the day, while the common shares (Symbol: MET) are off about 0.1%.

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Also see: • Institutional Holders of KLDW
• Fiserv DMA
• Top Ten Hedge Funds Holding SNT


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