Brighthouse Financial, Inc. (NASDAQ:BHFAO – Get Free Report) was the recipient of a significant decrease in short interest during the month of March. As of March 13th, there was short interest totaling 13,418 shares, a decrease of 30.6% from the February 26th total of 19,336 shares. Based on an average daily trading volume, of 25,226 shares, the days-to-cover ratio is currently 0.5 days.
Brighthouse Financial Stock Performance
NASDAQ BHFAO opened at $15.40 on Monday. Brighthouse Financial has a fifty-two week low of $14.19 and a fifty-two week high of $21.94. The stock’s 50-day moving average is $16.80 and its two-hundred day moving average is $16.41.
Brighthouse Financial Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 25th. Investors of record on Tuesday, March 10th were paid a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date of this dividend was Tuesday, March 10th.
About Brighthouse Financial
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.
Further Reading
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