Brookfield Renewable Co. (NYSE:BEPC – Get Free Report) declared a quarterly dividend on Thursday, August 8th, Wall Street Journal reports. Investors of record on Friday, August 30th will be given a dividend of 0.355 per share on Friday, September 27th. This represents a $1.42 dividend on an annualized basis and a yield of 4.93%. The ex-dividend date of this dividend is Friday, August 30th.
Brookfield Renewable has raised its dividend payment by an average of 32.7% per year over the last three years. Brookfield Renewable has a payout ratio of -208.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Brookfield Renewable to earn ($1.11) per share next year, which means the company may not be able to cover its $1.42 annual dividend with an expected future payout ratio of -127.9%.
Brookfield Renewable Price Performance
NYSE:BEPC opened at $28.81 on Wednesday. The business’s 50-day moving average price is $28.65 and its 200 day moving average price is $27.31. The firm has a market cap of $5.18 billion, a P/E ratio of -62.63 and a beta of 1.18. Brookfield Renewable has a 52-week low of $21.35 and a 52-week high of $32.83. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.82.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. raised their price objective on Brookfield Renewable from $30.00 to $33.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 16th.
View Our Latest Report on Brookfield Renewable
About Brookfield Renewable
Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.
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