Dynamic aspects of a two-sublattice Ising metamagnet on honeycomb, square and hexagonal lattices under the presence of a time-dependent oscillating external magnetic field are studied by using the effective-field theory with correlations. The set of effective-field dynamic equations is derived by employing Glauber transition rates. The phases in the system are obtained by solving these dynamic equations. The thermal behavior of the dynamic staggered magnetization, the hysteresis loop area and correlation are investigated in order to characterize the nature of the dynamic transitions and to obtain dynamic phase transition temperatures. The phase diagrams are constructed in two different planes, and exhibit dynamic tricritical behavior, which strongly depends on interaction parameters. In order to investigate the spin correlation effect on the dynamic phase diagrams of the system, the results are also given within the framework of the dynamic mean-field approximation. (C) 2010 Elsevier B.V. All rights reserved.