Brighthouse Financial (NASDAQ:BHFAM) Shares Down 0.1% – Should You Sell?
by Michael Walen · The Markets DailyBrighthouse Financial, Inc. (NASDAQ:BHFAM – Get Free Report)’s share price dropped 0.1% on Monday . The company traded as low as $10.90 and last traded at $10.91. Approximately 24,175 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 37,501 shares. The stock had previously closed at $10.92.
Brighthouse Financial Price Performance
The business’s 50-day simple moving average is $11.46 and its two-hundred day simple moving average is $11.60.
Brighthouse Financial Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be given a dividend of $0.2891 per share. This represents a $1.16 annualized dividend and a dividend yield of 10.8%. 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.