OREANDA-NEWS. MetLife, Inc. (NYSE:MET) today announced that its board of directors has declared a second quarter 2016 common stock dividend of $0.40 per share, an increase of approximately 7 percent from the first quarter 2016 common stock dividend of $0.375 per share.

This is the second year in a row that the company has increased its dividend by approximately 7 percent and represents a 116 percent increase since the first quarter of 2013, the last quarter before the company resumed dividend increases.

The dividend will be payable on June 13, 2016, to shareholders of record as of May 9, 2016.

“Everything we are doing at MetLife – our Accelerating Value initiative, our planned U.S. Retail separation, our focus on sustainable cash generation – is designed to maximize long-term shareholder value,” said Steven A. Kandarian, chairman, president and CEO of MetLife, Inc. “Increasing our dividend is an important part of this commitment.”

MetLife, Inc. (NYSE: MET), through its subsidiaries and affiliates (“MetLife”), is one of the largest life insurance companies in the world. Founded in 1868, MetLife is a global provider of life insurance, annuities, employee benefits and asset management. Serving approximately 100 million customers, MetLife has operations in nearly 50 countries and holds leading market positions in the United States, Japan, Latin America, Asia, Europe and the Middle East.