Centrais El�tricas Brasileiras SA (NYSE:EBR) Announces -- Dividend of $0.32

Key Points

• Centrais Elétricas Brasileiras SA announced an increase in its dividend to $0.32 per share, representing a 104.4% rise from the previous dividend of $0.16.
• The company’s stock has seen a return to trading at $8.30, with a market capitalization of $18.67 billion.
• Analysts have mixed views on the stock, with Scotiabank upgrading it to a "strong-buy" rating and Wall Street Zen downgrading it to a "hold".

Centrais El�tricas Brasileiras SA (NYSE:EBR - Get Free Report) announced a -- dividend on Monday, August 11th, Wall Street Journal reports. Investors of record on Monday, August 18th will be given a dividend of 0.3219 per share by the utilities provider on Friday, September 5th. This represents a yield of 700.0%. The ex-dividend date is Monday, August 18th. This is a 104.4% increase from Centrais El�tricas Brasileiras's previous -- dividend of $0.16.

Centrais El�tricas Brasileiras Stock Performance

EBR traded down $0.15 during trading on Thursday, hitting $8.17. The stock had a trading volume of 1,249,072 shares, compared to its average volume of 1,441,916. The company has a 50 day moving average price of $7.32 and a 200-day moving average price of $7.13. The firm has a market cap of $18.38 billion, a price-to-earnings ratio of 15.70, a P/E/G ratio of 10.23 and a beta of 0.56. Centrais El�tricas Brasileiras has a one year low of $5.45 and a one year high of $8.48. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.86 and a quick ratio of 2.27.

Centrais El�tricas Brasileiras (NYSE:EBR - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The utilities provider reported ($0.01) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by ($0.17). The firm had revenue of $1.64 billion during the quarter, compared to the consensus estimate of $10.28 billion. Centrais El�tricas Brasileiras had a net margin of 15.65% and a return on equity of 7.05%. As a group, research analysts predict that Centrais El�tricas Brasileiras will post 0.32 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on EBR shares. Scotiabank upgraded Centrais El�tricas Brasileiras to a "strong-buy" rating in a research note on Thursday, July 31st. Wall Street Zen downgraded Centrais El�tricas Brasileiras from a "buy" rating to a "hold" rating in a research report on Thursday, May 22nd.

About Centrais El�tricas Brasileiras

Centrais Elétricas Brasileiras SA - Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.