Brighthouse Financial, Inc. (NASDAQ:BHFAO – Get Free Report) was the recipient of a large drop in short interest during the month of May. As of May 29th, there was short interest totaling 12,771 shares, a drop of 80.6% from the May 14th total of 65,681 shares. Based on an average daily volume of 39,674 shares, the days-to-cover ratio is presently 0.3 days.
Brighthouse Financial Stock Down 1.0%
Brighthouse Financial stock traded down $0.15 during mid-day trading on Friday, hitting $15.20. 27,594 shares of the stock were exchanged, compared to its average volume of 40,894. Brighthouse Financial has a 12 month low of $14.19 and a 12 month high of $21.39. The firm’s fifty day simple moving average is $16.36 and its two-hundred day simple moving average is $16.41.
Brighthouse Financial Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th will be issued a dividend of $0.4219 per share. The ex-dividend date is Wednesday, June 10th. This represents a $1.69 annualized dividend and a yield of 11.1%.
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.
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