Brighthouse Financial (NASDAQ:BHFAP) Stock Price Down 0.2% – Should You Sell?

Brighthouse Financial, Inc. (NASDAQ:BHFAP) fell 0.2% during mid-day trading on Monday . The company traded as low as $14.49 and last traded at $14.54. Approximately 20,239 shares changed hands during mid-day trading, a decline of 39% from the average session volume of 33,301 shares. The stock had previously closed at $14.57.

Brighthouse Financial Trading Down 1.5%

The stock’s fifty day simple moving average is $15.06 and its two-hundred day simple moving average is $15.78.

Brighthouse Financial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 25th. Investors of record on Wednesday, June 10th were paid a $0.4125 dividend. The ex-dividend date of this dividend was Wednesday, June 10th. This represents a $1.65 annualized dividend and a dividend yield of 11.6%.

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.