Northwestern Mutual has announced their 2016 dividend. Here is a summary of the numbers:
- Dividend drops to 5.45%
- A total $5.6 billion will be distributed in dividends
- An increase of $120 million over 2015 numbers
Northwester Mutual is the largest mutual insurer, and they have had a very successful history. They have been around almost 160 years. They have the total highest dividend payout in the industry. However the current dividend rate lags their main competitors.
Also an increase of $120 million is much lower than the $300 million they did last year.
To read the full report visit: https://www.northwesternmutual.com/news-room/122934