MassMutual’s Board of directors has approved the largest dividend payout in the company’s history for 2007. Approximately $1.25 billion will be distributed to shareholders eligible for dividends, setting a record for the 155-year-old company.
The $1.25 billion figure is 5.6 percent higher, or $66.1 million more, than the 2006 dividend payout.
“As a mutually owned protection, accumulation and income management company, we are committed to working for the benefit of our policyholders,” said Stuart Reese, president and CEO of MassMutual.
For more information, visit www.massmutual.com.