Mutual Life Insurers Begin Setting 2020 Dividend Rates
November 6, 2019 by Allison Bell
The boards of the Northwestern Mutual Life Insurance Company and Massachusetts Mutual Life Insurance Company have posted 2020 dividend payout estimates.
Northwestern Mutual says the dividend interest rate it uses to calculate the dividend payments will hold steady at 5%.
Total dividend payments are on track to increase to $6 billion. A year ago, the company estimated it would pay $5.6 billion in dividends this year.
MassMutual is cutting its dividend rate slightly, to 6.2%, from 6.4%. The company says it expects to pay a total of $1.7 billion in dividends in 2020. A year ago, the company was predicting it would pay $1.7 billion in dividends this year.