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In trading on Wednesday, shares of Brighthouse Financial Inc's 6.600% Non-Cumulative Preferred Stock, Series A (Symbol: BHFAP) were yielding above the 7% mark based on its quarterly dividend (annualized to $1.65), with shares changing hands as low as $23.30 on the day. This compares to an average yield of 6.75% in the "Life & Health Insurance" preferred stock category, according to Preferred Stock Channel. As of last close, BHFAP was trading at a 3.48% discount to its liquidation preference amount, versus the average discount of 12.75% in the "Life & Health Insurance" category. Investors should keep in mind that the shares are not cumulative, meaning that in the event of a missed payment, the company does not have to pay the balance of missed dividends to preferred shareholders before resuming a common dividend.

Below is a dividend history chart for BHFAP, showing historical dividend payments on Brighthouse Financial Inc's 6.600% Non-Cumulative Preferred Stock, Series A:

In Wednesday trading, Brighthouse Financial Inc's 6.600% Non-Cumulative Preferred Stock, Series A (Symbol: BHFAP) is currently down about 2.3% on the day, while the common shares (Symbol: BHF) are down about 2.5%.

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