Brighthouse Financial (NASDAQ:BHFAM) Stock Price Down 0.1% – Here’s Why

Brighthouse Financial, Inc. (NASDAQ:BHFAM)’s share price traded down 0.1% during trading on Monday . The company traded as low as $10.90 and last traded at $10.91. 24,175 shares changed hands during trading, a decline of 36% from the average session volume of 37,501 shares. The stock had previously closed at $10.92.

Brighthouse Financial Trading Down 0.1%

The business has a 50-day moving average price of $11.46 and a 200 day moving average price of $11.60.

Brighthouse Financial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be given a dividend of $0.2891 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 10.6%. The ex-dividend date is Wednesday, June 10th.

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.