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In trading on Monday, shares of MetLife Inc's 5.625% Non-Cumulative Preferred Stock, Series E (Symbol: MET.PRE) were yielding above the 6% mark based on its quarterly dividend (annualized to $1.4062), with shares changing hands as low as $23.31 on the day. This compares to an average yield of 6.77% in the "Financial" preferred stock category, according to Preferred Stock Channel. As of last close, MET.PRE was trading at a 5.36% discount to its liquidation preference amount, versus the average discount of 11.00% in the "Financial" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

Below is a dividend history chart for MET.PRE, showing historical dividend payments on MetLife Inc's 5.625% Non-Cumulative Preferred Stock, Series E:

Free Report: Top 8%+ Dividends (paid monthly)

In Monday trading, MetLife Inc's 5.625% Non-Cumulative Preferred Stock, Series E (Symbol: MET.PRE) is currently off about 1.4% on the day, while the common shares (Symbol: MET) are down about 0.6%.

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