Breaking news from Brighthouse Financial Inc – 5.375% PRF PERPETUAL USD 25 – Ser C 1 reveals a declared regular quarterly dividend of $0.34 per share ($1.34 annualized), effective February 15, 2024. Previously, the company paid $0.34 per share. To be eligible for the dividend, shares must be acquired before the ex-div date of March 7, 2024. Shareholders recorded as of March 10, 2024, will receive the payment on March 25, 2024.
Currently priced at $19.41 per share, the stock boasts a substantial dividend yield of 6.92%.
Analyst Price Forecast Strengthens Investment Position
Evidently, the informed investor must note the significant numbers regarding Brighthouse Financial Inc – 5.375% PRF PERPETUAL USD 25 – Ser C 1. As of January 27, 2024, the average one-year price target stands at $20.84 for this financial segment. Forecasts range from $17.04 to an optimistic $24.55. At its current price of 19.41 per share, this places the average price target at a substantial 7.35% projected increase.
For those with a keen eye on revenue projections, the anticipated annual revenue for Brighthouse Financial Inc – 5.375% PRF PERPETUAL USD 25 – Ser C 1 stands at 8,694MM. The expected annual non-GAAP EPS rings in at 17.01.
Insight into Shareholder Actions and Market Trends
Recent activity among major shareholders sheds light on the broader investment landscape. Notably, PFF – iShares Preferred and Income Securities ETF exhibit a marked increase in BHFAN holdings, up by 4.23% from the prior reporting period. Their portfolio allocation in BHFAN soared by 15.39% over the last quarter.
In contrast, PGX – Invesco Preferred ETF demonstrated a decrease in BHFAN shares, falling by 5.23% from the previous report. Their portfolio allocation in BHFAN dipped by 0.78% over the last quarter. CPXAX – Cohen & Steers Preferred Securities & Income Fund, Inc. remained unchanged in their holdings.
Additionally, PFFD – Global X U.S. Preferred ETF saw an increase in BHFAN shares, rising by 6.23%. Their portfolio allocation in BHFAN grew by 8.81%, a positive change over the last quarter. PGF – Invesco Financial Preferred ETF also demonstrated an increase in BHFAN shares, climbing by 3.42% from the prior report. Their portfolio allocation in BHFAN edged up by 2.22% over the last quarter.
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This article was originally published on Fintel.
Kindly note that the views and opinions expressed herein are the author’s and do not necessarily reflect those of Nasdaq, Inc.
