Brighthouse Financial (NASDAQ:BHFAL) Share Price Breaks Above 50-Day Moving Average – Here’s Why

Shares of Brighthouse Financial, Inc. (NASDAQ:BHFAL) passed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $15.21 and traded as high as $15.37. Brighthouse Financial shares last traded at $15.36, with a volume of 22,335 shares.

Brighthouse Financial Trading Up 1.5%

The firm’s 50-day moving average price is $15.21 and its two-hundred day moving average price is $16.26.

Brighthouse Financial Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $0.3906 dividend. This represents a $1.56 dividend on an annualized basis and a dividend yield of 10.2%. The ex-dividend date was Tuesday, September 1st.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-focused life insurance and annuity company. It offers products designed to help individuals protect against financial risks and prepare for retirement, including fixed, variable and index-linked annuities, as well as term and permanent life insurance.

The company serves customers across the United States through a network of financial professionals and distribution partners. Its products are issued by Brighthouse Financial’s insurance subsidiaries.

Brighthouse Financial became an independent, publicly traded company in 2017 after its separation from MetLife.