Brighthouse Financial (NASDAQ:BHFAN) Stock Price Down 0.3% – Here’s What Happened

Brighthouse Financial, Inc. (NASDAQ:BHFAN)’s share price traded down 0.3% during trading on Tuesday . The company traded as low as $12.31 and last traded at $12.41. 258,730 shares traded hands during mid-day trading, an increase of 114% from the average session volume of 120,877 shares. The stock had previously closed at $12.45.

Brighthouse Financial Stock Performance

The business has a fifty day moving average of $13.00 and a 200-day moving average of $13.75.

Brighthouse Financial (NASDAQ:BHFAN) last posted its earnings results on Thursday, February 10th. The company reported $2.10 earnings per share for the quarter. The company had revenue of $2.15 billion for the quarter.

Brighthouse Financial Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, December 26th. Investors of record on Wednesday, December 10th were issued a dividend of $0.3359 per share. This represents a $1.34 dividend on an annualized basis and a yield of 10.8%. The ex-dividend date of this dividend was Wednesday, December 10th.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of annuity and life insurance products that was spun off from MetLife in August 2017. Headquartered in Charlotte, North Carolina, the company focuses on helping individuals and families prepare for retirement by offering a range of guaranteed-income solutions. Brighthouse Financial operates as a standalone public company under the ticker BHFAN on the NASDAQ exchange.

The company’s product portfolio includes fixed indexed annuities, fixed deferred annuities and lifetime income solutions designed to deliver predictable retirement cash flows.