Brookfield Renewable Partners L.P. (NYSE:BEP) Plans Quarterly Dividend of $0.37

Key Points

• Brookfield Renewable Partners L.P. has declared a quarterly dividend of $0.37, with an annualized yield of 5.7%, set to be paid on September 30th to stockholders on record as of August 29th.
• The company has reported a significant negative payout ratio of -14,900%, indicating reliance on its balance sheet to cover its dividend payments, as future earnings predictions suggest an inability to sustain the current dividend level.
• Brookfield Renewable Partners experienced a loss of $0.22 per share for the latest quarter, slightly exceeding analysts' expectations, while also indicating negative returns on equity and net margin.

Brookfield Renewable Partners L.P. (NYSE:BEP - Get Free Report) TSE: BEP declared a quarterly dividend on Friday, August 1st, RTT News reports. Stockholders of record on Friday, August 29th will be given a dividend of 0.373 per share by the utilities provider on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 5.7%.

Brookfield Renewable Partners has a payout ratio of -14,900.0% indicating that 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 Partners to earn ($0.86) per share next year, which means the company may not be able to cover its $1.49 annual dividend with an expected future payout ratio of -173.3%.

Brookfield Renewable Partners Stock Performance

NYSE BEP opened at $26.36 on Friday. The company has a market cap of $7.48 billion, a PE ratio of -26.18 and a beta of 0.99. The stock's 50 day simple moving average is $25.75 and its 200-day simple moving average is $23.49. Brookfield Renewable Partners has a 1-year low of $19.29 and a 1-year high of $29.56. The company has a debt-to-equity ratio of 0.90, a current ratio of 0.51 and a quick ratio of 0.51.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last posted its earnings results on Friday, August 1st. The utilities provider reported ($0.22) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.29) by $0.07. Brookfield Renewable Partners had a negative return on equity of 0.15% and a negative net margin of 0.79%. As a group, equities research analysts anticipate that Brookfield Renewable Partners will post -1.04 EPS for the current fiscal year.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities primarily in North America, Colombia, and Brazil. The company generates electricity through hydroelectric, wind, solar, distributed generation, and pumped storage, as well as renewable natural gas, carbon capture and storage, recycling, cogeneration biomass, nuclear services, and power transformation.

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