Brookfield Renewable Corporation (NYSE:BEPC – Get Free Report) announced a quarterly dividend on Thursday, April 30th. Investors of record on Friday, May 29th will be given a dividend of 0.392 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Friday, May 29th.
Brookfield Renewable has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Brookfield Renewable has a payout ratio of -866.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Brookfield Renewable to earn ($2.52) 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 -61.9%.
Brookfield Renewable Trading Up 4.2%
BEPC opened at $39.07 on Wednesday. The company has a quick ratio of 0.33, a current ratio of 0.33 and a debt-to-equity ratio of 1.81. Brookfield Renewable has a 52 week low of $28.76 and a 52 week high of $45.18. The business’s fifty day simple moving average is $39.46 and its 200 day simple moving average is $40.27.
Brookfield Renewable Company Profile
Brookfield Renewable Corporation (NYSE: BEPC) is a leading global owner, operator and developer of renewable power assets. Through its preferred equity securities, BEPC provides investors with exposure to a diversified portfolio of hydropower, wind, solar and energy storage facilities that are underpinned by long-term contractual revenues. The company focuses on delivering clean energy to wholesale and retail markets across multiple jurisdictions, leveraging the experience and financial backing of its parent, Brookfield Asset Management.
The company’s operations span North America, South America, Europe and Asia-Pacific, with more than 23,000 megawatts of operational capacity.
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