MassMutual 2017 Dividend Announced
MassMutual has announced it’s 2017 dividend. Here is our breakdown of the announcement:
- A total dividend payout of $1.6 billion
- MassMutual announced a dividend interest rate of 6.70%.
- Last years dividend was of 7.1%, a 40 basis point drop
This large dividend drop can be a consequence of the pressure many mutual insurance companies are feeling from a low interest rate environment.
A Big Hit
Also this drop means that MassMutual could loose it’s place as the highest dividend in the industry. To see the last 15 years of dividends see our review: MassMutual Dividend History.
Finally, if MassMutual announced such a large drop, we wouldn’t be surprised to see many more companies have significant drops. In addition, you can see MassMutual’s 2017 Dividend Announcement here.
