Brookfield Renewable Co. (NYSE:BEPC) Plans $0.37 Quarterly Dividend

Brookfield Renewable Co. (NYSE:BEPC - Get Free Report) announced a quarterly dividend on Monday, May 5th, Wall Street Journal reports. Shareholders of record on Friday, May 30th will be paid a dividend of 0.373 per share on Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a yield of 5.16%. The ex-dividend date is Friday, May 30th.

Brookfield Renewable has increased its dividend by an average of 13.5% annually over the last three years and has increased its dividend every year for the last 1 years. Brookfield Renewable has a payout ratio of -1,862.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Brookfield Renewable Stock Up 2.4 %

Shares of BEPC stock traded up $0.68 during trading hours on Friday, reaching $28.92. The company had a trading volume of 794,495 shares, compared to its average volume of 941,346. The company has a market cap of $4.19 billion, a price-to-earnings ratio of -32.49 and a beta of 1.15. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51. Brookfield Renewable has a 12 month low of $23.73 and a 12 month high of $35.14. The business has a fifty day simple moving average of $27.72 and a 200-day simple moving average of $28.38.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on BEPC shares. JPMorgan Chase & Co. reduced their target price on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a research note on Thursday, January 23rd. Barclays assumed coverage on shares of Brookfield Renewable in a research report on Wednesday, April 2nd. They issued an "equal weight" rating and a $31.00 price objective for the company. Finally, Wells Fargo & Company dropped their target price on shares of Brookfield Renewable from $33.00 to $32.00 and set an "overweight" rating on the stock in a research report on Monday, May 5th.

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.