Brighthouse Financial (NASDAQ:BHFAM) Trading Down 1.3% – Time to Sell?

Brighthouse Financial, Inc. (NASDAQ:BHFAM)’s share price dropped 1.3% on Tuesday . The company traded as low as $10.24 and last traded at $10.24. Approximately 38,380 shares were traded during trading, a decline of 7% from the average daily volume of 41,275 shares. The stock had previously closed at $10.38.

Brighthouse Financial Price Performance

The company has a fifty day moving average price of $10.83 and a 200-day moving average price of $11.45.

Brighthouse Financial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, June 25th. Shareholders of record on Wednesday, June 10th were issued a dividend of $0.2891 per share. This represents a $1.16 annualized dividend and a yield of 11.3%. The ex-dividend date was Wednesday, June 10th.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc (NASDAQ: BHFAM) is a U.S.-based provider of life insurance and annuity products designed to help individuals and families pursue long-term financial security. The company offers a range of fixed and fixed-indexed annuities, term and permanent life insurance policies, and related income protection solutions. Through its product portfolio, Brighthouse Financial seeks to address the retirement income needs of its clients and deliver predictable cash flows over time.

Established as an independent public company in August 2017 following a spin-off from MetLife, Brighthouse Financial has focused on streamlining operations and narrowing its business scope to core retirement and protection offerings.