Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR – Get Free Report) declared a — dividend on Monday, December 23rd,Wall Street Journal reports. Investors of record on Monday, December 30th will be paid a dividend of 0.1414 per share by the utilities provider on Tuesday, January 21st. This represents a dividend yield of 1%. The ex-dividend date is Monday, December 30th.
Centrais Elétricas Brasileiras S.A. – Eletrobrás has decreased its dividend by an average of 47.6% annually over the last three years. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a payout ratio of 11.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Centrais Elétricas Brasileiras S.A. – Eletrobrás to earn $0.15 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 53.3%.
Centrais Elétricas Brasileiras S.A. – Eletrobrás Stock Up 1.4 %
EBR stock opened at $5.75 on Wednesday. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a one year low of $5.46 and a one year high of $9.11. The stock has a market capitalization of $13.23 billion, a P/E ratio of 8.21, a PEG ratio of 1.90 and a beta of 1.07. The company has a 50 day moving average price of $6.20 and a two-hundred day moving average price of $6.76. The company has a debt-to-equity ratio of 0.47, a quick ratio of 2.04 and a current ratio of 2.06.
Analysts Set New Price Targets
View Our Latest Stock Report on Centrais Elétricas Brasileiras S.A. – Eletrobrás
About Centrais Elétricas Brasileiras S.A. – Eletrobrás
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.
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