MetLife's Preferred Stock, Series A Crosses Above 4.5% Yield Territory

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:

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

In Friday trading, MetLife Inc's Floating Rate Non-Cumulative Preferred Stock, Series A ( MET.PRA) is currently off about 0.5% on the day, while the common shares ( MET) are down about 1.1%.

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