Brookfield Renewable Co. (BEPC) to Issue Quarterly Dividend of $0.36 on December 31st

Brookfield Renewable Co. (NYSE:BEPC) declared a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Investors of record on Friday, November 29th will be paid a dividend of 0.355 per share on Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Friday, November 29th.

Brookfield Renewable has increased its dividend payment by an average of 32.7% per year over the last three years. Brookfield Renewable has a dividend payout ratio of -175.3% 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 ($1.62) 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 -87.7%.

Brookfield Renewable Trading Up 2.1 %

Shares of BEPC stock traded up $0.68 during trading hours on Wednesday, reaching $32.54. The company’s stock had a trading volume of 101,450 shares, compared to its average volume of 957,178. Brookfield Renewable has a fifty-two week low of $21.35 and a fifty-two week high of $35.14. The firm’s 50 day simple moving average is $31.39 and its 200-day simple moving average is $30.13. The company has a current ratio of 0.51, a quick ratio of 0.51 and a debt-to-equity ratio of 0.89.

Brookfield Renewable (NYSE:BEPC) last announced its quarterly earnings data on Friday, November 8th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.04). Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. The business had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.37 billion. During the same quarter in the prior year, the company earned ($0.14) earnings per share. As a group, research analysts predict that Brookfield Renewable will post -1.04 EPS for the current year.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. reduced their price target on shares of Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating on the stock in a research note on Thursday, October 17th.

About Brookfield Renewable

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.