Brighthouse Financial (NASDAQ:BHFAL) Shares Up 2% – Should You Buy?

Brighthouse Financial, Inc. (NASDAQ:BHFAL) shares rose 2% during mid-day trading on Wednesday . The stock traded as high as $17.84 and last traded at $17.83. Approximately 48,615 shares were traded during trading, an increase of 92% from the average daily volume of 25,357 shares. The stock had previously closed at $17.48.

Brighthouse Financial Stock Up 2.0%

The business has a 50 day moving average of $17.07 and a 200 day moving average of $18.10.

Brighthouse Financial Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 1st were paid a dividend of $0.3906 per share. The ex-dividend date of this dividend was Monday, December 1st. This represents a $1.56 dividend on an annualized basis and a dividend yield of 8.8%.

About Brighthouse Financial

Brighthouse Financial, which trades under the ticker NASDAQ:BHFAL, is a U.S.-based financial services company that was established in April 2017 through the separation of MetLife’s retail business. The company focuses on helping individuals achieve lifetime financial security by offering a range of retirement income and protection products. Since its spin-off, Brighthouse has operated as an independent, publicly traded entity with a dedicated emphasis on annuities and life insurance solutions.

The company’s core product suite includes fixed and variable annuities designed to provide predictable retirement income, as well as life insurance policies that offer estate planning benefits and death-benefit protection.