Brighthouse Financial Non-Cumulative Preferred Stock, Series A Ex-Dividend Reminder

On 9/7/23, 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 9/25/23. As a percentage of BHFAP's recent share price of $22.50, this dividend works out to approximately 1.83%, so look for shares of BHFAP to trade 1.83% lower all else being equal when BHFAP shares open for trading on 9/7/23. On an annualized basis, the current yield is approximately 7.27%, which compares to an average yield of 7.31% 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: