Hello, I was pleased to share a great news about MET, one of my portfolio company. On April 28 the board of directors of MetLife, Inc. (NYSE: MET) announced a quarterly dividend increase from $0.35 to $0.375 per share that’s payable June 12, 2015 to holders of record May 11, 2015. This represents a 7% increase from the previous quarter. This was a third dividend increase since they started to pay dividend quarterly in 2013. With current price of $52.05 (Yesterday’s close), this raise brings their dividend yield to 2.9%. I would like to call it MET GALA !
Since I own 50 shares, this will increase my portfolio’s projected annual gross dividend income by $5. Small, but a good progress.
My YOC of MET will become 3.0%.
Full disclosure : Long MET