Brighthouse Financial, Inc. (NASDAQ:BHFAL – Get Free Report) was the recipient of a significant growth in short interest in March. As of March 31st, there was short interest totalling 166,200 shares, a growth of 66.0% from the March 15th total of 100,100 shares. Based on an average daily volume of 32,000 shares, the days-to-cover ratio is currently 5.2 days.
Brighthouse Financial Stock Performance
Shares of NASDAQ:BHFAL opened at $19.50 on Friday. The firm has a fifty day moving average price of $21.18 and a 200 day moving average price of $23.02. Brighthouse Financial has a fifty-two week low of $19.40 and a fifty-two week high of $25.47.
Brighthouse Financial Cuts Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Saturday, March 1st were issued a $0.3906 dividend. The ex-dividend date was Friday, February 28th. This represents a $1.56 annualized dividend and a dividend yield of 8.01%.
About Brighthouse Financial
Brighthouse Financial, Inc operates as a holding company, which engages in the provision of life insurance and annuities through independent distribution channels and marketing arrangements with diverse network of distribution partners. It operates through the following segments: Annuities; Life; Run-Off; and Corporate & Others.
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