Brookfield Renewable Co. (NYSE:BEPC) Plans Quarterly Dividend of $0.36

Brookfield Renewable Co. (NYSE:BEPC) 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.

Brookfield Renewable (NYSE:BEPC) last released its quarterly earnings results on Friday, May 3rd. The company reported ($0.23) earnings per share for the quarter, missing the consensus estimate of ($0.18) by ($0.05). Brookfield Renewable had a return on equity of 2.19% and a net margin of 7.10%. The firm had revenue of $1.49 billion during the quarter, compared to the consensus estimate of $1.49 billion. On average, analysts forecast that Brookfield Renewable will post -0.99 earnings per share for the current fiscal year.

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.

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.