On Thursday, shares of MetLife Inc’s 4.75% Depositary Shares Non-Cumulative Preferred Stock, Series F (Symbol: MET.PRF), yielded over 6% based on its quarterly dividend of $1.1875 annualized. The shares traded as low as $19.77, showing a 20.40% discount to their liquidation preference amount, compared to an average discount of 14.08% in the Financial category, according to Preferred Stock Channel.
The shares are not cumulative, meaning any missed payments do not need to be compensated before resuming common dividends. For the day, MET.PRF was down about 0.7%, while MetLife’s common shares (Symbol: MET) dropped around 0.4%.
