MET.PRA

MetLife's Preferred Stock, Series A Yield Pushes Past 7%

In trading on Friday, shares of MetLife Inc's Floating Rate Non-Cumulative Preferred Stock, Series A (Symbol: MET.PRA) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.721), with shares changing hands as low as $24.56 on the day. This compares to an average yield of 6.77% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, MET.PRA was trading at a 0.28% premium to its liquidation preference amount, versus the average discount of 10.45% 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.

Performance Comparison Chart

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:

MET.PRA+Dividend+History+Chart


Free Report: Top 8%+ Dividends (paid monthly)

In Friday trading, MetLife Inc's Floating Rate Non-Cumulative Preferred Stock, Series A (Symbol: MET.PRA) is currently up about 0.7% on the day, while the common shares (Symbol: MET) are up about 0.5%.

Click here to find out the 50 highest yielding preferreds »

Also see:
• Utilities CEFs
• RGLS market cap history
• DHI YTD Return

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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