Brookfield Renewable Co. to Issue Quarterly Dividend of $0.36 (NYSE:BEPC)

Brookfield Renewable Co. (NYSE:BEPC) declared a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Stockholders of record on Friday, November 29th will be given a dividend of 0.355 per share on Tuesday, December 31st. This represents a $1.42 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Friday, November 29th.

Brookfield Renewable has raised its dividend by an average of 32.7% per year over the last three years. Brookfield Renewable has a dividend payout ratio of -175.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Brookfield Renewable to earn ($1.62) 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 -87.7%.

Brookfield Renewable Stock Up 2.6 %

BEPC opened at $32.68 on Thursday. The stock has a market cap of $5.87 billion, a PE ratio of -39.85 and a beta of 1.20. The stock’s fifty day simple moving average is $31.42 and its 200 day simple moving average is $30.13. Brookfield Renewable has a 1-year low of $21.35 and a 1-year high of $35.14. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89.

Brookfield Renewable (NYSE:BEPC) last announced its earnings results on Friday, November 8th. The company reported ($0.32) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter last year, the business posted ($0.14) EPS. As a group, research analysts expect that Brookfield Renewable will post -1.04 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price target on shares of Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, October 17th.

Brookfield Renewable Company Profile

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.