Brookfield Renewable Corporation (NYSE:BEPC) Announces Quarterly Dividend of $0.37

Key Points

• Brookfield Renewable Corporation announced a quarterly dividend of $0.37 per share, representing an annualized dividend yield of 4.3%, with shareholders of record set for August 29th.
• The company has a dividend payout ratio of -827.8%, indicating it is currently relying on its balance sheet rather than earnings to cover dividend payments.
• Despite a recent uptick in stock price, noted analyst adjustments include a target price decrease by Wells Fargo and an increase by JPMorgan Chase, highlighting mixed sentiments in the market.

Brookfield Renewable Corporation (NYSE:BEPC - Get Free Report) announced a quarterly dividend on Monday, August 4th, Wall Street Journal reports. Shareholders of record on Friday, August 29th will be paid a dividend of 0.373 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Friday, August 29th.

Brookfield Renewable has a dividend payout ratio of -827.8% 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 Down 1.6%

NYSE:BEPC traded down $0.54 during trading hours on Wednesday, reaching $33.78. The company had a trading volume of 561,613 shares, compared to its average volume of 1,032,843. Brookfield Renewable has a twelve month low of $23.73 and a twelve month high of $37.00. The company has a quick ratio of 0.25, a current ratio of 0.27 and a debt-to-equity ratio of 1.19. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of -37.96 and a beta of 1.17. The business's 50-day simple moving average is $33.18 and its two-hundred day simple moving average is $29.56.

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.