MetLife Inc. announced today that it will pay a dividend of 46 cents per share of common stock for the second quarter.
The dividend will be payable June 12 to shareholders who own MetLife common stock on May 8.
The dividend is up from 44 cents per share for the second quarter of 2019.
MetLife spent a total of $405 million on dividends on common stock in the second quarter of 2019 and $32 million on dividends on preferred stock during the quarter, according to its Form 10-K annual report.
The company reported $1.3 billion in net income for the second quarter of 2019 on $16 billion in revenue.
Michel Khalaf, MetLife’s chief executive officer, alluded to the current COVID-19-related turmoil in a comment included in the dividend announcement,
“We are pleased that our financial strength enables us to increase our common stock quarterly dividend, which provides a steady and growing income to millions of people during this economically challenging time,” Khalaf said in the comment.