Brighthouse Financial (NASDAQ:BHFAM) Trading Up 2.2% – What’s Next?

Brighthouse Financial, Inc. (NASDAQ:BHFAM)’s share price rose 2.2% during mid-day trading on Wednesday . The company traded as high as $12.27 and last traded at $12.17. Approximately 178,915 shares traded hands during mid-day trading, an increase of 260% from the average daily volume of 49,686 shares. The stock had previously closed at $11.91.

Brighthouse Financial Trading Up 2.2%

The business’s 50-day simple moving average is $11.44 and its two-hundred day simple moving average is $12.04.

Brighthouse Financial Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 10th were issued a $0.2891 dividend. This is a boost from Brighthouse Financial’s previous quarterly dividend of $0.29. The ex-dividend date of this dividend was Wednesday, December 10th. This represents a $1.16 annualized dividend and a yield of 9.5%.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc (NASDAQ: BHFAM) is a U.S.-based provider of life insurance and annuity products designed to help individuals and families pursue long-term financial security. The company offers a range of fixed and fixed-indexed annuities, term and permanent life insurance policies, and related income protection solutions. Through its product portfolio, Brighthouse Financial seeks to address the retirement income needs of its clients and deliver predictable cash flows over time.

Established as an independent public company in August 2017 following a spin-off from MetLife, Brighthouse Financial has focused on streamlining operations and narrowing its business scope to core retirement and protection offerings.