Brookfield Renewable Partners LP (TSE:BEP.UN) Plans Quarterly Dividend of $0.37

Key Points

• Brookfield Renewable Partners LP has declared a quarterly dividend of $0.37 per share, payable to stockholders on September 30th, representing an annualized yield of 4.2%.
• Desjardins raised their price target for Brookfield Renewable Partners from C$40.00 to C$42.00, maintaining a "hold" rating on the stock.
• The company operates a diverse portfolio of clean energy assets globally, totaling approximately 21 gigawatts of installed capacity across various technologies.

Brookfield Renewable Partners LP (TSE:BEP.UN - Get Free Report) NYSE: BEP declared a quarterly dividend on Friday, August 29th, TickerTech Dividends reports. Stockholders of record on Tuesday, September 30th 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 dividend yield of 4.2%. The ex-dividend date is Friday, August 29th.

Brookfield Renewable Partners Stock Performance

Shares of BEP.UN stock opened at C$35.13 on Wednesday. The business's fifty day simple moving average is C$35.53 and its 200-day simple moving average is C$33.41. The company has a market cap of C$10.01 billion, a PE ratio of -40.38, a PEG ratio of 8.53 and a beta of 0.89. The company has a current ratio of 0.52, a quick ratio of 0.45 and a debt-to-equity ratio of 107.80. Brookfield Renewable Partners has a 12-month low of C$27.50 and a 12-month high of C$40.84.

Analysts Set New Price Targets

Separately, Desjardins boosted their price objective on shares of Brookfield Renewable Partners from C$40.00 to C$42.00 and gave the company a "hold" rating in a report on Wednesday, July 16th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of C$42.00.

About Brookfield Renewable Partners

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company's portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals approximately 21 gigawatts of installed capacity.

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