Brighthouse Financial (NASDAQ:BHFAP) Shares Down 2.2% – Should You Sell?

Shares of Brighthouse Financial, Inc. (NASDAQ:BHFAP) dropped 2.2% during mid-day trading on Monday . The stock traded as low as $14.82 and last traded at $14.82. 31,667 shares were traded during mid-day trading, a decline of 5% from the average session volume of 33,334 shares. The stock had previously closed at $15.15.

Brighthouse Financial Price Performance

The stock’s 50-day moving average is $15.63 and its 200 day moving average is $15.87.

Brighthouse Financial Announces Dividend

The firm 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 $0.4125 dividend. This represents a $1.65 annualized dividend and a dividend yield of 11.1%. The ex-dividend date is Wednesday, June 10th.

About Brighthouse Financial

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.