Brighthouse Financial (NASDAQ:BHFAO) Stock Price Up 1.3% – Here’s Why

Brighthouse Financial, Inc. (NASDAQ:BHFAO)’s stock price was up 1.3% during mid-day trading on Friday . The company traded as high as $15.86 and last traded at $15.77. Approximately 21,870 shares changed hands during mid-day trading, a decline of 47% from the average daily volume of 41,445 shares. The stock had previously closed at $15.56.

Brighthouse Financial Stock Performance

The firm has a 50-day moving average of $16.36 and a 200 day moving average of $16.43.

Brighthouse Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.4219 per share. This represents a $1.69 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Wednesday, June 10th.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based provider of annuities and life insurance products focused on helping individuals secure retirement income and long-term financial protection. Established in August 2017 as a corporate spin-off from MetLife, Brighthouse offers a range of solutions designed to address market volatility, longevity risk and the need for guaranteed income streams. The company’s product portfolio includes fixed annuities, fixed indexed annuities, variable annuities and life insurance policies.

The company distributes its products through a network of independent broker-dealers, banks, registered investment advisers and career agents.