Brighthouse Financial (NASDAQ:BHFAN) Trading Down 0.3% – What’s Next?

Shares of Brighthouse Financial, Inc. (NASDAQ:BHFAN) traded down 0.3% on Tuesday . The stock traded as low as $12.31 and last traded at $12.41. 258,730 shares were traded during mid-day trading, an increase of 114% from the average session volume of 120,877 shares. The stock had previously closed at $12.45.

Brighthouse Financial Stock Performance

The firm’s 50-day simple moving average is $13.00 and its 200-day simple moving average is $13.75.

Brighthouse Financial (NASDAQ:BHFAN) last issued its quarterly earnings results on Thursday, February 10th. The company reported $2.10 EPS for the quarter. The company had revenue of $2.15 billion during the quarter.

Brighthouse Financial Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 26th. Shareholders of record on Wednesday, December 10th were given a dividend of $0.3359 per share. The ex-dividend date was Wednesday, December 10th. This represents a $1.34 dividend on an annualized basis and a yield of 10.8%.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of annuity and life insurance products that was spun off from MetLife in August 2017. Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families prepare for retirement by offering a range of guaranteed-income solutions. Brighthouse Financial operates as a standalone public company under the ticker BHFAN on the NASDAQ exchange.

The company’s product portfolio includes fixed indexed annuities, fixed deferred annuities and lifetime income solutions designed to deliver predictable retirement cash flows.