New York Life has announced their 2016 dividend
Here is a summary of the numbers:
- A total dividend of $1.7 billion will be distributed
- This represents a nice increase since the 2012 dividend of$1.19 billion
- There is no announcement of what the dividend rate is for 2016 (6.25% in 2015)
- 2016 is the 162nd year that New York Life has paid a dividend
New York Life is the largest mutual life insurance company in the U.S. according to Forbes. New York Life has been around since 1845 and has fantastic ratings.
If you would like more in-depth information please see: New York Life Dividend Announcement
You can also check out our New York Life whole life insurance review, where we see if they have the best whole life insurance in the market.