Brighthouse Financial (NASDAQ:BHFAL) Stock Falls 2.2% – Should You Sell?

Brighthouse Financial, Inc. (NASDAQ:BHFAL)’s share price dropped 2.2% during mid-day trading on Monday. The company traded as low as $14.70 and last traded at $14.77. 29,170 shares changed hands during trading, an increase of 13% from the average daily volume of 25,733 shares. The stock had previously closed at $15.10.

Brighthouse Financial Trading Up 0.6%

The firm’s fifty day moving average price is $15.40 and its two-hundred day moving average price is $15.96.

Brighthouse Financial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were paid a dividend of $0.3906 per share. This represents a $1.56 dividend on an annualized basis and a yield of 10.5%. The ex-dividend date was Tuesday, September 1st.

Brighthouse Financial Company Profile

Brighthouse Financial, Inc is a U.S.-based insurance company focused on helping individuals and families achieve financial security through life insurance and annuity products. The company serves retail customers as well as financial professionals and distribution partners across the United States.

Brighthouse Financial’s offerings include fixed, indexed and variable annuities designed to provide retirement income and other long-term financial planning benefits. Its life insurance portfolio includes products such as term, universal and variable universal life insurance, which can provide death-benefit protection and, in some cases, cash-value accumulation.

Brighthouse Financial was established as a standalone public company in 2017 after being separated from MetLife.