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| Brighthouse Financial's Preferred Stock, Series A Shares Cross 8% Yield MarkBy Preferred Stock Channel Staff, Thursday, November 9, 3:00 PM ET
In trading on Thursday, shares of Brighthouse Financial Inc's 6.600% Non-Cumulative Preferred Stock, Series A (NASDAQ:BHFAP) were yielding above the 8% mark based on its quarterly dividend (annualized to $1.65), with shares changing hands as low as $20.62 on the day. This compares to an average yield of 7.51% in the "Life & Health Insurance" preferred stock category, according to Preferred Stock Channel. As of last close, BHFAP was trading at a 15.40% discount to its liquidation preference amount, versus the average discount of 19.55% 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. The chart below shows the one year performance of BHFAP shares, versus BHF:
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:
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter In Thursday trading, Brighthouse Financial Inc's 6.600% Non-Cumulative Preferred Stock, Series A (NASDAQ:BHFAP) is currently down about 1.7% on the day, while the common shares (NASDAQ:BHF) are down about 1.5%.
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