Brighthouse Financial (NASDAQ:BHFAP) Shares Down 2.7% – Here’s Why

Shares of Brighthouse Financial, Inc. (NASDAQ:BHFAPGet Free Report) dropped 2.7% on Thursday . The stock traded as low as $19.52 and last traded at $19.67. Approximately 32,379 shares traded hands during mid-day trading, a decline of 8% from the average daily volume of 35,140 shares. The stock had previously closed at $20.21.

Brighthouse Financial Price Performance

The business has a 50 day simple moving average of $19.64 and a 200-day simple moving average of $21.10.

Brighthouse Financial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 25th. Investors of record on Tuesday, June 10th will be given a dividend of $0.4125 per share. The ex-dividend date of this dividend is Tuesday, June 10th. This represents a $1.65 annualized dividend and a yield of 8.39%.

Brighthouse Financial Company Profile

(Get Free Report)

Brighthouse Financial, Inc provides annuity and life insurance products in the United States. It operates through three segments: Annuities, Life, and Run-off. The Annuities segment consists of variable, fixed, index-linked, and income annuities for contract holders' needs for protected wealth accumulation on a tax-deferred basis, wealth transfer, and income security.

Further Reading

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