Brighthouse Financial, Inc. (NASDAQ:BHFAP – Get Free Report) was the recipient of a significant growth in short interest in May. As of May 15th, there was short interest totaling 5,573 shares, a growth of 156.1% from the April 30th total of 2,176 shares. Based on an average daily trading volume, of 20,267 shares, the short-interest ratio is presently 0.3 days.
Brighthouse Financial Trading Up 0.2%
NASDAQ BHFAP traded up $0.04 on Monday, hitting $15.21. 12,831 shares of the stock were exchanged, compared to its average volume of 34,545. Brighthouse Financial has a 52-week low of $14.02 and a 52-week high of $21.40. The company’s 50-day moving average price is $15.78 and its two-hundred day moving average price is $16.00.
Brighthouse Financial Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be issued a dividend of $0.4125 per share. This represents a $1.65 annualized dividend and a dividend yield of 10.9%. The ex-dividend date is Wednesday, June 10th.
Brighthouse Financial Company Profile
Brighthouse Financial, Inc is a U.S.-based provider of retirement and protection solutions, formed in August 2017 as a spin-off from MetLife, Inc Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families secure their financial futures through a range of insurance and annuity products. Since its inception, Brighthouse Financial has operated independently, building its own brand and capabilities in the quickly evolving retirement-services market.
The company’s core business centers on the design, manufacture and distribution of fixed annuities, fixed indexed annuities and other guaranteed retirement-income products.
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