Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) declared an annual dividend on Monday, April 29th, Zacks reports. Shareholders of record on Thursday, May 9th will be given a dividend of 0.059 per share by the utilities provider on Thursday, May 16th. This represents a yield of 0.8%. The ex-dividend date of this dividend is Wednesday, May 8th. This is a boost from Centrais Elétricas Brasileiras S.A. - Eletrobrás's previous annual dividend of $0.04.
Centrais Elétricas Brasileiras S.A. - Eletrobrás has decreased its dividend by an average of 47.6% per year over the last three years. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a payout ratio of 7.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect Centrais Elétricas Brasileiras S.A. - Eletrobrás to earn $0.39 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 20.5%.
Centrais Elétricas Brasileiras S.A. - Eletrobrás Price Performance
Shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás stock traded up $0.07 during mid-day trading on Wednesday, reaching $7.43. 652,954 shares of the stock were exchanged, compared to its average volume of 930,715. The company has a market cap of $17.10 billion, a price-to-earnings ratio of 7.22, a price-to-earnings-growth ratio of 0.73 and a beta of 0.99. The firm has a 50-day simple moving average of $8.20 and a 200 day simple moving average of $8.17. The company has a current ratio of 1.76, a quick ratio of 1.75 and a debt-to-equity ratio of 0.44. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a fifty-two week low of $6.45 and a fifty-two week high of $9.11.
Analyst Ratings Changes
Separately, StockNews.com upgraded shares of Centrais Elétricas Brasileiras S.A. - Eletrobrás from a "hold" rating to a "buy" rating in a report on Saturday, February 17th.
Check Out Our Latest Stock Analysis on EBR
Centrais Elétricas Brasileiras S.A. - Eletrobrás Company Profile
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Centrais Elétricas Brasileiras SA - Eletrobrás, through its subsidiaries, engages in the generation, transmission, and distribution of electricity in Brazil. The company generates electricity through hydroelectric, thermal, nuclear, wind, and solar plants. It owned and operated 32 hydroelectric plants; As of December 31, 2022, it operated 32 hydroelectric plants; five thermal plants, including coal and gas power generation units with a total installed capacity of 1,482 megawatts; and two nuclear power plants comprising Angra I with an installed capacity of 640 megawatts and Angra II with an installed capacity of 1,350 megawatts.
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