Brighthouse Financial, Inc. (NASDAQ:BHFAM – Get Free Report) was the recipient of a large increase in short interest in the month of October. As of October 15th, there was short interest totaling 81,694 shares, an increase of 159.0% from the September 30th total of 31,538 shares. Based on an average daily volume of 50,435 shares, the short-interest ratio is presently 1.6 days.
Brighthouse Financial Stock Down 3.7%
BHFAM stock traded down $0.35 during midday trading on Thursday, hitting $9.20. 61,588 shares of the stock traded hands, compared to its average volume of 50,311. The stock’s fifty day simple moving average is $9.81 and its 200-day simple moving average is $10.89. Brighthouse Financial has a 1-year low of $8.99 and a 1-year high of $12.88.
Brighthouse Financial Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, September 25th. Shareholders of record on Thursday, September 10th were issued a dividend of $0.2891 per share. The ex-dividend date of this dividend was Thursday, September 10th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 12.6%.
About Brighthouse Financial
Brighthouse Financial, Inc is a U.S.-based provider of annuities and life insurance products designed to help individuals and families address retirement income, wealth transfer and financial protection needs. The company operates primarily through independent distribution partners, including financial professionals, broker-dealers, banks and insurance agencies.
Its annuity offerings include fixed, fixed indexed and variable annuities, which can provide tax-deferred accumulation and income options during retirement.
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