Brookfield Renewable Co. (NYSE:BEPC – Get Free Report) announced a quarterly dividend on Monday, August 5th, Wall Street Journal reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.355 per share on Friday, September 27th. This represents a $1.42 annualized dividend and a dividend yield of 5.27%. The ex-dividend date of this dividend is Friday, August 30th.
Brookfield Renewable has raised its dividend payment by an average of 32.7% annually over the last three years. Brookfield Renewable has a dividend payout ratio of -263.0% meaning 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 ($1.11) 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 -127.9%.
Brookfield Renewable Stock Performance
BEPC stock traded down $0.93 during mid-day trading on Monday, hitting $26.92. The company had a trading volume of 998,209 shares, compared to its average volume of 986,683. Brookfield Renewable has a 12 month low of $21.35 and a 12 month high of $32.83. The stock’s fifty day moving average price is $29.69 and its two-hundred day moving average price is $27.26. The firm has a market cap of $4.84 billion, a PE ratio of -58.52 and a beta of 1.18. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.39 and a current ratio of 0.39.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. increased their target price on Brookfield Renewable from $30.00 to $33.00 and gave the company a “neutral” rating in a report on Tuesday, July 16th.
Get Our Latest Research Report on Brookfield Renewable
Brookfield Renewable Company Profile
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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