Brighthouse Financial (NASDAQ:BHFAM) Stock Price Down 1.3% – Here’s Why

Brighthouse Financial, Inc. (NASDAQ:BHFAMGet Free Report)’s stock price dropped 1.3% during trading on Tuesday . The company traded as low as $10.24 and last traded at $10.24. Approximately 38,380 shares changed hands during mid-day trading, a decline of 7% from the average daily volume of 41,275 shares. The stock had previously closed at $10.38.

Brighthouse Financial Price Performance

The company has a 50-day moving average of $10.83 and a 200 day moving average of $11.45.

Brighthouse Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were given a dividend of $0.2891 per share. The ex-dividend date was Wednesday, June 10th. This represents a $1.16 dividend on an annualized basis and a yield of 11.3%.

About Brighthouse Financial

(Get Free Report)

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.

Further Reading

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