Brookfield Renewable Corporation (NYSE:BEPC – Get Free Report) announced a quarterly dividend on Thursday, April 30th. Stockholders of record on Friday, May 29th will be given a dividend of 0.392 per share on Tuesday, June 30th. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, May 29th.
Brookfield Renewable has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Brookfield Renewable has a payout ratio of -866.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Brookfield Renewable to earn ($2.52) per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of -61.9%.
Brookfield Renewable Trading Up 4.2%
Shares of Brookfield Renewable stock opened at $39.07 on Wednesday. The business has a fifty day simple moving average of $39.46 and a two-hundred day simple moving average of $40.27. Brookfield Renewable has a 1 year low of $28.76 and a 1 year high of $45.18. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 1.81.
About Brookfield Renewable
Brookfield Renewable Corporation (NYSE: BEPC) is a leading global owner, operator and developer of renewable power assets. Through its preferred equity securities, BEPC provides investors with exposure to a diversified portfolio of hydropower, wind, solar and energy storage facilities that are underpinned by long-term contractual revenues. The company focuses on delivering clean energy to wholesale and retail markets across multiple jurisdictions, leveraging the experience and financial backing of its parent, Brookfield Asset Management.
The company’s operations span North America, South America, Europe and Asia-Pacific, with more than 23,000 megawatts of operational capacity.
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