Clearway Energy, Inc. (NYSE:CWEN) to Issue Quarterly Dividend of $0.46

Clearway Energy, Inc. (NYSE:CWEN) declared a quarterly dividend on Tuesday, February 17th. Shareholders of record on Monday, March 2nd will be paid a dividend of 0.4602 per share on Monday, March 16th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date of this dividend is Monday, March 2nd. This is a 1.6% increase from Clearway Energy’s previous quarterly dividend of $0.45.

Clearway Energy has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Clearway Energy has a dividend payout ratio of 164.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Clearway Energy to earn $0.57 per share next year, which means the company may not be able to cover its $1.81 annual dividend with an expected future payout ratio of 317.5%.

Clearway Energy Stock Up 0.5%

Shares of NYSE:CWEN opened at $40.87 on Wednesday. Clearway Energy has a 12-month low of $25.63 and a 12-month high of $41.51. The stock’s 50-day moving average price is $35.14 and its two-hundred day moving average price is $32.80. The company has a current ratio of 1.54, a quick ratio of 1.44 and a debt-to-equity ratio of 1.41. The firm has a market cap of $8.33 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 1.54 and a beta of 0.95.

About Clearway Energy

Clearway Energy Group (NYSE: CWEN) is a U.S.-based energy company specializing in the ownership, operation and development of clean and conventional power generation assets. The company’s portfolio spans utility-scale wind and solar farms, biogas and natural gas-fired thermal facilities, as well as distributed generation projects such as rooftop solar and energy storage. Clearway’s generation assets are largely underpinned by long-term power purchase agreements and service contracts with creditworthy counterparties, enabling stable, predictable cash flows.

Originally launched in 2013 as NRG Yield and rebranded to Clearway Energy in 2018 following a strategic sponsorship change, the business has grown into one of the largest independent renewable energy platforms in the United States.