In trading on Friday, shares of MetLife Inc's Floating Rate Non-Cumulative Preferred Stock, Series A (MET.PRA) were yielding above the 4.5% mark based on its quarterly dividend (annualized to $1.0111), with shares changing hands as low as $22.28 on the day. This compares to an average yield of 5.81% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, MET.PRA was trading at a 9.64% discount to its liquidation preference amount, versus the average discount of 2.79% 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 dividend payments on MetLife Inc's Floating Rate Non-Cumulative Preferred Stock, Series A: