Brookfield Renewable Partners L.P. (NYSE:BEP) to Issue Quarterly Dividend of $0.39

Key Points

• Brookfield Renewable Partners declared a quarterly dividend of $0.392 per share, payable September 29 to shareholders of record on August 31. The dividend implies an annualized payout of about $1.56 and a 4.8% yield.
• The dividend appears financially strained: the company reported a negative earnings-based payout ratio, and analysts expect a loss of approximately $1.51 per share next year versus the annual dividend commitment.
• BEP shares rose 0.7% to $32.89 in mid-day trading, while the company’s latest quarterly loss of $0.37 per share missed analyst expectations by $0.03.

Brookfield Renewable Partners L.P. (NYSE:BEP - Get Free Report) TSE: BEP announced a quarterly dividend on Friday, July 31st. Stockholders of record on Monday, August 31st will be paid a dividend of 0.392 per share by the utilities provider on Tuesday, September 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date is Monday, August 31st.

Brookfield Renewable Partners has decreased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Brookfield Renewable Partners has a dividend payout ratio of -15,600.0% 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 ($1.51) 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 -103.3%.

Brookfield Renewable Partners Stock Up 0.7%

Shares of BEP traded up $0.23 during mid-day trading on Friday, hitting $32.89. 1,036,176 shares of the company traded hands, compared to its average volume of 818,484. The company has a market capitalization of $9.87 billion, a PE ratio of -106.09 and a beta of 1.10. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 0.82. The business has a 50 day moving average of $34.38 and a 200 day moving average of $32.70. Brookfield Renewable Partners has a 1-year low of $24.13 and a 1-year high of $38.12.

Brookfield Renewable Partners (NYSE:BEP - Get Free Report) TSE: BEP last released its earnings results on Friday, July 31st. The utilities provider reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.34) by ($0.03). Brookfield Renewable Partners had a return on equity of 1.57% and a net margin of 8.28%. Equities research analysts anticipate that Brookfield Renewable Partners will post -1.55 EPS for the current year.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. is a leading global owner, operator and developer of renewable power assets. Listed on the New York Stock Exchange under the ticker BEP, the partnership focuses on generating clean electricity from a diversified mix of hydroelectric, wind, solar and energy storage facilities. As part of the Brookfield Asset Management group, Brookfield Renewable leverages a long-term, asset-backed approach to investing in sustainable energy projects that support the transition to a low-carbon economy.

The company’s platform encompasses approximately 23,000 megawatts of installed capacity across four continents.

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