MetLife (MET) Could Be a Great Choice

Company Overview - MetLife (MET) is based in New York and operates in the Finance sector, with a year-to-date share price change of 21.65% [2] - The company currently pays a dividend of $0.55 per share, resulting in a dividend yield of 2.71%, which is higher than the Insurance - Multi line industry's yield of 1.86% and the S&P 500's yield of 1.55% [2] Dividend Performance - MetLife's current annualized dividend of $2.18 has increased by 5.8% from the previous year [2] - Over the last 5 years, MetLife has raised its dividend 5 times on a year-over-year basis, averaging an annual increase of 4.31% [2] - The company's payout ratio is currently 27%, indicating that it pays out 27% of its trailing 12-month earnings per share as dividends [2] Earnings Growth - The Zacks Consensus Estimate for MetLife's earnings per share for 2024 is $8.68, reflecting a year-over-year growth rate of 18.42% [3] Investment Appeal - MetLife is considered an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 2 (Buy) [4]