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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?


To: Paul Senior who wrote (45057)10/26/2011 8:49:09 PM
From: Paul Senior  Respond to of 78673
 
MET. Added to position on today's early drop.

Met announced that its annual dividend -- "payable on Dec. 14 to shareholders of record as of Nov. 9 -- would remain unchanged at 74 cents a share, because the Federal Reserve had rejected the life insurer's plan to increase the dividend and resume share buybacks. The problem is that even though MetLife is primarily an insurer, the company is considered a bank holding company and regulated by the Fed because it holds a relatively small banking subsidiary..."
thestreet.com

The stock recovered during the day as this information was digested:
finance.yahoo.com