MetLife Floating Rate (Min 4%) Non Cumulative Preferred Stock
By: Tim McPartland,
S&P Rating BBB- Moodys Rating Baa2
Security Ticker Symbol MET-A
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Market Traded ON NYSE
Dividend Payment Paid on the 15th of March, June, September and December beginning on 09/15/2005
Quarterly Dividend .250 Annual Dividend 1.000
Quarterly dividend is either 1% above the 3 month libor rate or a 4% minimum (thus it will be 4% for a long time)
Securities may be redeemed, at the issuers option, as early as 09/15/2010 for a redemption price of $25/share plus accrued dividends
Dividend Payment Will Likely be a Qualified Distribution
Maturity Date None
Company Investor Relations Page for MetLife
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Below you can find the offering Prospectus and Final Pricing Document
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Tim McPartland
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Tim McPartland is a private investor with over 45 years of investing experience. His analysis, research and writing is devoted to the hunt for income producing securities of all types, but in particular specializing in preferred stocks, exchange traded debt and Master Limited Partnerships.
