Brookfield Renewable Partners L.P. (NYSE:BEP) Announces 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 announced 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) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date of this dividend is Friday, August 29th.

Brookfield Renewable Partners has a dividend 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 Down 1.2%

Shares of BEP traded down $0.32 during midday trading on Tuesday, reaching $25.95. 228,282 shares of the stock were exchanged, compared to its average volume of 644,990. Brookfield Renewable Partners has a 12-month low of $19.29 and a 12-month high of $29.56. The firm has a 50 day simple moving average of $25.86 and a 200-day simple moving average of $23.60. The company has a quick ratio of 0.51, a current ratio of 0.51 and a debt-to-equity ratio of 0.90. The company has a market cap of $7.37 billion, a price-to-earnings ratio of -27.32 and a beta of 1.05.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last issued its quarterly earnings data on Friday, August 1st. The utilities provider reported ($0.22) earnings per share for the quarter, missing analysts' consensus estimates of ($0.19) by ($0.03). Brookfield Renewable Partners had a net margin of 2.28% and a return on equity of 0.44%. The company had revenue of $1.69 billion during the quarter, compared to the consensus estimate of $1.64 billion. Research analysts forecast that Brookfield Renewable Partners will post -1.04 EPS for the current year.

Brookfield Renewable Partners Company Profile

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.