Brookfield Renewable Co. (NYSE:BEPC - Get Free Report) announced a quarterly dividend on Monday, May 6th, Wall Street Journal reports. Shareholders of record on Friday, May 31st will be paid a dividend of 0.355 per share on Friday, June 28th. This represents a $1.42 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend is Friday, May 31st.
Brookfield Renewable has raised its dividend by an average of 33.7% per year over the last three years. Brookfield Renewable has a payout ratio of -263.0% 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 to earn ($1.13) per share next year, which means the company may not be able to cover its $1.42 annual dividend with an expected future payout ratio of -125.7%.
Brookfield Renewable Stock Performance
Shares of Brookfield Renewable stock traded up $1.25 during trading on Monday, hitting $29.63. 1,780,895 shares of the company's stock traded hands, compared to its average volume of 1,094,964. Brookfield Renewable has a 1 year low of $21.35 and a 1 year high of $36.16. The business has a 50-day simple moving average of $23.99 and a 200-day simple moving average of $25.79. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.40 and a quick ratio of 0.40. The stock has a market capitalization of $5.32 billion, a P/E ratio of -92.58 and a beta of 1.09.
Brookfield Renewable (NYSE:BEPC - Get Free Report) last released its quarterly earnings data on Friday, February 2nd. The company reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.14) by $0.15. Brookfield Renewable had a net margin of 12.23% and a return on equity of 3.67%. The firm had revenue of $1.32 billion during the quarter, compared to analysts' expectations of $1.21 billion. As a group, analysts forecast that Brookfield Renewable will post -1.11 EPS for the current year.
Brookfield Renewable Company Profile
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Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.
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