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MetLife Inc., the largest U.S. life insurer, raised its dividend 49% in the first increase since 2007, after its exit from banking limited oversight from the Federal Reserve. The company gained the most since January in New York trading.
The quarterly dividend of 27.5 cents per share is payable June 13 to shareholders of record as of May 9, the New York- based insurer said yesterday in a statement. The previous payout was 18.5 cents.
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