Centrais Elétricas Brasileiras S.A. – Eletrobrás Plans — Dividend of $0.14 (NYSE:EBR)

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) announced a — dividend on Monday, December 23rd,Wall Street Journal reports. Stockholders of record on Monday, December 30th will be paid a dividend of 0.1414 per share by the utilities provider on Tuesday, January 21st. This represents a dividend yield of 1%. The ex-dividend date of this dividend is Monday, December 30th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás has decreased its dividend by an average of 47.6% per year over the last three years. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a payout ratio of 11.4% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Centrais Elétricas Brasileiras S.A. – Eletrobrás to earn $0.15 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 53.3%.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

EBR traded down $0.13 during midday trading on Monday, reaching $5.67. 2,387,953 shares of the company’s stock were exchanged, compared to its average volume of 1,022,952. The company has a quick ratio of 2.04, a current ratio of 2.06 and a debt-to-equity ratio of 0.47. The business has a 50-day simple moving average of $6.25 and a two-hundred day simple moving average of $6.77. The firm has a market capitalization of $13.05 billion, a price-to-earnings ratio of 8.10, a price-to-earnings-growth ratio of 1.90 and a beta of 1.07. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a one year low of $5.46 and a one year high of $9.11.

Wall Street Analyst Weigh In

EBR has been the topic of several recent analyst reports. StockNews.com raised Centrais Elétricas Brasileiras S.A. – Eletrobrás from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 8th. Hsbc Global Res upgraded shares of Centrais Elétricas Brasileiras S.A. – Eletrobrás to a “strong-buy” rating in a research note on Tuesday, October 15th.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Company Profile

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.