MetLife 2009 Annual Report Download - page 65

pension closeouts, bank owned life insurance, other fixed annuity contracts, as well as funding agreements and other capital market products
(including funding agreements with the FHLB of NY and the FHLB of Boston), most of the business has fixed maturities or fairly predictable
surrenders or withdrawals. With regard to CBF liabilities that provide customers with limited liquidity rights, at December 31, 2009 there were
$1.7 billion of funding agreements and other capital market products that could be put back to the Company after a period of notice. Of these
liabilities, $1.6 billion were subject to notice periods between 15 and 90 days. The remainder of the balance was subject to notice periods
between 6 and 13 months. An additional $480 million of CBF liabilities were subject to credit ratings downgrade triggers that permit early
termination subject to a notice period of 90 days. See “— The Company — Liquidity and Capital Uses — Contractual Obligations.”
Dividends. Thetable below presents declaration, record and payment dates, as well as per share and aggregate dividend amounts, for
thecommonstock:
Declaration Date Record Date Payment Date Per Share Aggregate
Dividend
(In millions, except per
share data)
October 29, 2009 . . . . . . . . . . . . . . . . . . . . . . November 9, 2009 December 14, 2009 $0.74 $610
October 28, 2008 . . . . . . . . . . . . . . . . . . . . . . November 10, 2008 December 15, 2008 $0.74 $592
October 23, 2007 . . . . . . . . . . . . . . . . . . . . . . November 6, 2007 December 14, 2007 $0.74 $541
Future common stock dividend decisions will be determined by the Holding Company’s Board of Directors after taking into consideration
factors such as the Company’s current earnings, expected medium- and long-term earnings, financial condition, regulatory capital position,
and applicable governmental regulations and policies. Furthermore, the payment of dividends and other distributions to the Holding Company
by its insurance subsidiaries is regulated by insurance laws and regulations.
Information on the declaration, record and payment dates, as well as per share and aggregate dividend amounts, for the Holding
Company’s Floating Rate Non-Cumulative Preferred Stock, Series A and 6.500% Non-Cumulative Preferred Stock, Series B is as follows for
the years ended December 31, 2009, 2008 and 2007:
Declaration Date Record Date Payment Date Series A Per Share Series A Aggregate Series B Per Share Series B Aggregate
Dividend
(In millions, except per share data)
November 16, 2009 . . . . . . . . . . November 30, 2009 December 15, 2009 $0.2527777 $ 7 $0.4062500 $24
August 17, 2009 . . . . . . . . . . . . August 31, 2009 September 15, 2009 $0.2555555 6 $0.4062500 24
May 15, 2009 . . . . . . . . . . . . . . May 31, 2009 June 15, 2009 $0.2555555 7 $0.4062500 24
March 5, 2009 . . . . . . . . . . . . . February 28, 2009 March 16, 2009 $0.2500000 6 $0.4062500 24
$26 $96
November 17, 2008 . . . . . . . . . . November 30, 2008 December 15, 2008 $0.2527777 $ 7 $0.4062500 $24
August 15, 2008 . . . . . . . . . . . . August 31, 2008 September 15, 2008 $0.2555555 6 $0.4062500 24
May 15, 2008 . . . . . . . . . . . . . . May 31, 2008 June 16, 2008 $0.2555555 7 $0.4062500 24
March 5, 2008 . . . . . . . . . . . . . February 29, 2008 March 17, 2008 $0.3785745 9 $0.4062500 24
$29 $96
November 15, 2007 . . . . . . . . . . November 30, 2007 December 17, 2007 $0.4230476 $11 $0.4062500 $24
August 15, 2007 . . . . . . . . . . . . August 31, 2007 September 17, 2007 $0.4063333 10 $0.4062500 24
May 15, 2007 . . . . . . . . . . . . . . May 31, 2007 June 15, 2007 $0.4060062 10 $0.4062500 24
March 5, 2007 . . . . . . . . . . . . . February 28, 2007 March 15, 2007 $0.3975000 10 $0.4062500 24
$41 $96
59MetLife, Inc.