Brookfield Renewable Corporation (BEPC) To Go Ex-Dividend on August 31st

Brookfield Renewable Corporation (NYSE:BEPC) announced a quarterly dividend on Thursday, July 30th. Stockholders of record on Monday, August 31st will be given a dividend of 0.392 per share on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Monday, August 31st.

Brookfield Renewable has increased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 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 analysts expect Brookfield Renewable to earn ($2.67) 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 -58.4%.

Brookfield Renewable Stock Performance

NYSE BEPC opened at $32.26 on Friday. Brookfield Renewable has a twelve month low of $31.82 and a twelve month high of $45.18. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.40 and a quick ratio of 0.40. The business’s fifty day moving average is $34.63 and its 200 day moving average is $38.10.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on BEPC shares. Barclays upped their price objective on Brookfield Renewable from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Wednesday, July 22nd. Wall Street Zen lowered Brookfield Renewable from a “hold” rating to a “sell” rating in a research report on Sunday, August 9th. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Brookfield Renewable in a research note on Friday, July 31st. Finally, JPMorgan Chase & Co. lowered their price objective on Brookfield Renewable from $38.00 to $36.00 and set a “neutral” rating for the company in a research report on Monday, August 3rd. Two analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Brookfield Renewable presently has an average rating of “Reduce” and a consensus price target of $39.00.

Brookfield Renewable Company Profile

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.