Brighthouse Financial (NASDAQ:BHFAO) Stock Price Up 0.5% – Still a Buy?

by · The Cerbat Gem

Brighthouse Financial, Inc. (NASDAQ:BHFAO – Get Free Report) traded up 0.5% during trading on Tuesday . The stock traded as high as $14.71 and last traded at $14.6890. 24,815 shares traded hands during mid-day trading, a decline of 39% from the average daily volume of 40,864 shares. The stock had previously closed at $14.61.

Brighthouse Financial Trading Down 3.0%

The stock’s 50-day simple moving average is $14.54 and its two-hundred day simple moving average is $15.64.

Brighthouse Financial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, September 25th. Investors of record on Thursday, September 10th will be given a dividend of $0.4219 per share. This represents a $1.69 annualized dividend and a dividend yield of 12.0%. The ex-dividend date is Thursday, September 10th.

About Brighthouse Financial

(Get Free Report)

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.

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