Brighthouse Financial, Inc. (NASDAQ:BHFAM – Get Free Report) was the target of a large decline in short interest in the month of September. As of September 15th, there was short interest totaling 4,847 shares, a decline of 73.2% from the August 31st total of 18,064 shares. Based on an average daily volume of 57,811 shares, the days-to-cover ratio is presently 0.1 days.
Brighthouse Financial Price Performance
NASDAQ BHFAM traded up $0.33 during trading hours on Friday, reaching $10.49. 63,636 shares of the company’s stock were exchanged, compared to its average volume of 47,688. The company’s 50-day moving average is $9.96 and its two-hundred day moving average is $10.75. Brighthouse Financial has a one year low of $9.45 and a one year high of $12.88.
Brighthouse Financial Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, September 25th. Stockholders of record on Thursday, September 10th were issued a $0.2891 dividend. This represents a $1.16 annualized dividend and a dividend yield of 11.0%. The ex-dividend date was Thursday, September 10th.
About Brighthouse Financial
Brighthouse Financial, Inc is a U.S.-focused provider of annuity and life insurance products designed to help individuals manage retirement income, protect their families and address long-term financial needs. The company operates primarily through its insurance subsidiaries and distributes its products through independent financial professionals, insurance agents, banks and other distribution partners.
Its offerings include fixed, index-linked and variable annuities, as well as life insurance products such as term, universal and variable universal life insurance.
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