Brookfield Renewable Corporation (NYSE:BEPC – Get Free Report) declared a quarterly dividend on Thursday, July 30th. Investors of record on Monday, August 31st will be given a dividend of 0.392 per share on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 4.9%. The ex-dividend date is Monday, August 31st.
Brookfield Renewable has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 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. Research analysts expect Brookfield Renewable to earn ($2.67) 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 -58.4%.
Brookfield Renewable Stock Performance
Shares of NYSE:BEPC opened at $32.26 on Friday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 2.10. The company’s fifty day moving average is $34.63 and its 200 day moving average is $38.10. Brookfield Renewable has a 52 week low of $31.82 and a 52 week high of $45.18.
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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