Brighthouse Financial Announces Preferred Stock Dividends and Related Depositary Share Distributions

Rhea-AI Summary

Brighthouse Financial (Nasdaq: BHF) has announced quarterly dividends for the Series A, B, and C Depositary Shares, payable on June 25, 2021. Holders of record as of June 10, 2021, will receive $0.4125 per Series A Depositary Share, $0.421875 per Series B Depositary Share, and $0.3359375 per Series C Depositary Share. This reflects the company's commitment to providing income to its shareholders. It is crucial for investors to be aware of potential risks and uncertainties that may affect future performance, as outlined in the company’s filings with the SEC.

Positive

• $0.4125 quarterly distribution for Series A Depositary Shares.
• $0.421875 quarterly distribution for Series B Depositary Shares.
• $0.3359375 quarterly distribution for Series C Depositary Shares.

Negative

• Forward-looking statements involve substantial risks and uncertainties.
• Actual results may differ materially from expectations.

Brighthouse Financial, Inc. (“Brighthouse Financial” or the “company”) (Nasdaq: BHF) announced today that on June 25, 2021, holders of record as of June 10, 2021 (the “Record Date”) of (i) its depositary shares (the “Series A Depositary Shares” (Nasdaq: BHFAP)), each representing a 1/1,000th interest in a share of its 6.600% Non-Cumulative Preferred Stock, Series A (the “Series A Preferred Stock”), (ii) its depositary shares (the “Series B Depositary Shares” (Nasdaq: BHFAO)), each representing a 1/1,000th interest in a share of its 6.750% Non-Cumulative Preferred Stock, Series B (the “Series B Preferred Stock”) and (iii) its depositary shares (the “Series C Depositary Shares” (Nasdaq: BHFAN)), each representing a 1/1,000th interest in a share of its 5.375% Non-Cumulative Preferred Stock, Series C (the “Series C Preferred Stock”), will receive the following quarterly distributions, as applicable:

• a quarterly distribution in an amount of $0.4125 per Series A Depositary Share, resulting from the company’s declaration of a quarterly dividend on the Series A Preferred Stock, which underlies the Series A Depositary Shares;

• a quarterly distribution in an amount of $0.421875 per Series B Depositary Share, resulting from the company’s declaration of a quarterly dividend on the Series B Preferred Stock, which underlies the Series B Depositary Shares; and

• a quarterly distribution in an amount of $0.3359375 per Series C Depositary Share, resulting from the company’s declaration of a quarterly dividend on the Series C Preferred Stock, which underlies the Series C Depositary Shares.

On June 25, 2021, (i) the Series A Preferred Stock dividend will be paid, in an amount of $412.50 per share, to the depositary for the Series A Preferred Stock, (ii) the Series B Preferred Stock dividend will be paid, in an amount of $421.875 per share, to the depositary for the Series B Preferred Stock and (iii) the Series C Preferred Stock dividend will be paid, in an amount of $335.9375 per share, to the depositary for the Series C Preferred Stock. The depositary will, in turn, distribute such dividends to the holders of record of the Series A Depositary Shares, the Series B Depositary Shares and the Series C Depositary Shares, as applicable, as of the Record Date.

Note Regarding Forward-Looking Statements

This news release and other oral or written statements that we make from time to time may contain information that includes or is based upon forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve substantial risks and uncertainties. We have tried, wherever possible, to identify such statements using words such as “anticipate,” “estimate,” “expect,” “project,” “may,” “will,” “could,” “intend,” “goal,” “target,” “guidance,” “forecast,” “preliminary,” “objective,” “continue,” “aim,” “plan,” “believe” and other words and terms of similar meaning, or that are tied to future periods, in connection with a discussion of future operating or financial performance. In particular, these include, without limitation, statements relating to future actions, prospective services or products, financial projections, future performance or results of current and anticipated services or products, sales efforts, expenses, the outcome of contingencies such as legal proceedings, as well as trends in operating and financial results.

Any or all forward-looking statements may turn out to be wrong. They can be affected by inaccurate assumptions or by known or unknown risks and uncertainties. Many such factors will be important in determining the actual future results of Brighthouse Financial. These statements are based on current expectations and the current economic environment and involve a number of risks and uncertainties that are difficult to predict. These statements are not guarantees of future performance. Actual results could differ materially from those expressed or implied in the forward-looking statements due to a variety of known and unknown risks, uncertainties and other factors. Risks, uncertainties and other factors that might cause such differences include the risks, uncertainties and other factors identified in Brighthouse Financial’s most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q, particularly in the sections entitled “Risk Factors” and “Quantitative and Qualitative Disclosure About Market Risk,” as well as in Brighthouse Financial’s other subsequent filings with the U.S. Securities and Exchange Commission. Further, any forward-looking statement speaks only as of the date on which it is made, and Brighthouse Financial does not undertake any obligation to update or revise any forward-looking statement to reflect events or circumstances after the date on which the statement is made or to reflect the occurrence of unanticipated events, except as otherwise may be required by law.

About Brighthouse Financial, Inc.

Brighthouse Financial, Inc. (Brighthouse Financial) (Nasdaq: BHF) is on a mission to help people achieve financial security. As one of the largest providers of annuities and life insurance in the U.S.,¹ we specialize in products designed to help people protect what they’ve earned and ensure it lasts. Learn more at brighthousefinancial.com.

¹ Ranked by 2019 admitted assets. Best's Review®: Top 200 U.S. Life/Health Insurers. A.M. Best, 2020.

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FAQ

What is the dividend payment date for Brighthouse Financial's Series A Depositary Shares?

The dividend payment date is June 25, 2021.

How much is the quarterly dividend for Series B Depositary Shares?

The quarterly dividend for Series B Depositary Shares is $0.421875.

What risks does Brighthouse Financial mention regarding its future performance?

Brighthouse Financial highlights substantial risks and uncertainties that could affect actual results, as stated in their SEC filings.

How can I find more information about Brighthouse Financial's dividends?

More information about Brighthouse Financial's dividends can be found on their official website or in their SEC filings.