MassMutual 2017 Dividend Announced

By November 7, 2016 March 1st, 2017 Whole Life Dividends

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.

 

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