Brighthouse Financial (NASDAQ:BHFAO) Stock Price Up 1.3% – Here’s Why

Brighthouse Financial, Inc. (NASDAQ:BHFAO) shares rose 1.3% on Friday . The company traded as high as $15.86 and last traded at $15.77. Approximately 21,870 shares traded hands during mid-day trading, a decline of 47% from the average daily volume of 41,445 shares. The stock had previously closed at $15.56.

Brighthouse Financial Price Performance

The stock’s fifty day moving average is $16.36 and its two-hundred day moving average is $16.43.

Brighthouse Financial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 25th. Investors of record on Wednesday, June 10th will be issued a $0.4219 dividend. This represents a $1.69 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date is Wednesday, June 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.