BHFAN Brighthouse Financial, Inc. ADRs of 5.375% Non-Cumulative Preferred, Series C

We will pay dividends on the Series C preferred stock only when, as and if declared by our board of directors (or a duly authorized committee thereof) out of funds legally available for the payment of dividends. Any such dividends will be payable at a rate of 5.375% per annum, on a non-cumulative basis from the date of original issue, quarterly in arrears on the 25th day of March, June, September and December of each year, commencing on March 25, 2021. We may, at our option, redeem the Series C preferred stock, on or after December 25, 2025, in whole at any time or in part from time to time, in each case, at a redemption price equal to $25,000 per share of Series C preferred stock (equivalent to $25.00 per depositary share), plus an amount equal to any dividends per share that have accrued but not been declared and paid for the then-current dividend period to, but excluding, such date of redemption.   This security was issued by Brighthouse Financial, whose common stock symbol is BHF.

$16.73  +0.24 (1.46%)
As of 03/27/2023 11:21:00 EST     IEX book   CBOE book

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Security Information

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Category1:  US Equity
Category2:  Preferred stocks
Category3:  Non-convertible
GICS sector:  Financials
Industry:  Insurance—Life
Index country:  USA
Country of incorporation:  USA
IPO date:  11/11/2020
Outstanding shares:  20,000,000
Average volume:  77,109
Market cap:   $320,000,000
Current dividend yield:  8.40%    calculation
Coupon rate:    5.375%
Cumulative:    No
Liquidation value:   $25.00
Callable after:   12/25/2025
Maturity date:    n/a - perpetual
Prospectus:    Read on SEC.gov
All SEC filings:     SEC Edgar Online
Quarterly filings:   10-Q
Annual filings:      10-K
Sedol:      BN0TD19