Brighthouse Financial, Inc. (NASDAQ:BHFAO) Sees Significant Decrease in Short Interest

Brighthouse Financial, Inc. (NASDAQ:BHFAO) was the recipient of a large decline in short interest in the month of May. As of May 29th, there was short interest totaling 12,771 shares, a decline of 80.6% from the May 14th total of 65,681 shares. Based on an average trading volume of 39,674 shares, the short-interest ratio is currently 0.3 days.

Brighthouse Financial Stock Down 0.2%

BHFAO stock traded down $0.03 during midday trading on Thursday, hitting $15.32. The stock had a trading volume of 20,213 shares, compared to its average volume of 40,947. Brighthouse Financial has a 12-month low of $14.19 and a 12-month high of $21.41. The company’s 50-day moving average price is $16.36 and its 200 day moving average price is $16.41.

Brighthouse Financial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, June 25th. Stockholders of record on Wednesday, June 10th will be paid a dividend of $0.4219 per share. The ex-dividend date of this dividend is Wednesday, June 10th. This represents a $1.69 annualized dividend and a dividend yield of 11.0%.

About Brighthouse Financial

Brighthouse Financial, Inc is a U.S.-based provider of annuities and life insurance products focused on helping individuals secure retirement income and long-term financial protection. Established in August 2017 as a corporate spin-off from MetLife, Brighthouse offers a range of solutions designed to address market volatility, longevity risk and the need for guaranteed income streams. The company’s product portfolio includes fixed annuities, fixed indexed annuities, variable annuities and life insurance policies.

The company distributes its products through a network of independent broker-dealers, banks, registered investment advisers and career agents.