In trading on Thursday, shares of MetLife Inc's 5.625% Non-Cumulative Preferred Stock, Series E (Symbol: MET.PRE) were yielding above the 5% mark based on its quarterly dividend (annualized to $1.4062), with shares changing hands as low as $28.00 on the day. This compares to an average yield of 5.48% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, MET.PRE was trading at a 12.76% premium to its liquidation preference amount, versus the average premium of 6.13% 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.PRE, showing historical dividend payments on MetLife Inc's 5.625% Non-Cumulative Preferred Stock, Series E:
In Thursday trading, MetLife Inc's 5.625% Non-Cumulative Preferred Stock, Series E (Symbol: MET.PRE) is currently up about 0.1% on the day, while the common shares (Symbol: MET) are up about 2%.
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