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from the world of economics and financeOn 6/10/24, Brighthouse Financial Inc's 6.600% Non-Cumulative Preferred Stock, Series A (Symbol: BHFAP) will trade ex-dividend, for its quarterly dividend of $0.4125, payable on 6/25/24. As a percentage of BHFAP's recent share price of $23.07, this dividend works out to approximately 1.79%, so look for shares of BHFAP to trade 1.79% lower — all else being equal — when BHFAP shares open for trading on 6/10/24. On an annualized basis, the current yield is approximately 7.14%, which compares to an average yield of 6.89% in the "Life & Health Insurance" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of BHFAP shares, versus BHF:
Below is a dividend history chart for BHFAP, showing historical dividends prior to the most recent $0.4125 on Brighthouse Financial Inc's 6.600% Non-Cumulative Preferred Stock, Series A:
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In Thursday trading, Brighthouse Financial Inc's 6.600% Non-Cumulative Preferred Stock, Series A (Symbol: BHFAP) is currently down about 0.2% on the day, while the common shares (Symbol: BHF) are off about 1.3%.
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