Brookfield Renewable Co. (BEPC) to Issue Quarterly Dividend of $0.37 on June 30th

Brookfield Renewable Co. (NYSE:BEPC) declared a quarterly dividend on Monday, May 5th, Wall Street Journal reports. Investors of record on Friday, May 30th will be given a dividend of 0.373 per share on Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a yield of 5.39%. The ex-dividend date is Friday, May 30th.

Brookfield Renewable has raised its dividend payment by an average of 13.5% per year over the last three years. Brookfield Renewable has a dividend payout ratio of -4,966.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Brookfield Renewable Price Performance

Shares of BEPC stock opened at $27.70 on Wednesday. The company’s 50-day simple moving average is $27.64 and its two-hundred day simple moving average is $28.51. The company has a market capitalization of $4.01 billion, a P/E ratio of -31.12 and a beta of 1.15. Brookfield Renewable has a one year low of $23.73 and a one year high of $35.14. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Wells Fargo & Company cut their price target on Brookfield Renewable from $33.00 to $32.00 and set an “overweight” rating on the stock in a research note on Monday. JPMorgan Chase & Co. reduced their price target on shares of Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a report on Thursday, January 23rd. Finally, Barclays began coverage on shares of Brookfield Renewable in a research note on Wednesday, April 2nd. They set an “equal weight” rating and a $31.00 price objective on the stock.

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.