Brookfield Renewable Co. (NYSE:BEPC) to Issue Quarterly Dividend of $0.37

Brookfield Renewable Co. (NYSE:BEPC) declared a quarterly dividend on Friday, January 31st,NASDAQ Dividends reports. Investors of record on Friday, February 28th will be given a dividend of 0.373 per share on Monday, March 31st. This represents a $1.49 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend is Friday, February 28th. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.36.

Brookfield Renewable has raised its dividend payment by an average of 13.5% annually over the last three years. Brookfield Renewable has a dividend payout ratio of -258.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 4.8 %

NYSE:BEPC traded up $1.23 during trading hours on Friday, hitting $26.74. The stock had a trading volume of 1,653,058 shares, compared to its average volume of 1,075,675. The business’s 50 day moving average is $28.24 and its 200-day moving average is $29.34. The company has a market cap of $3.88 billion, a price-to-earnings ratio of -32.61 and a beta of 1.23. Brookfield Renewable has a one year low of $21.35 and a one year high of $35.14. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.51.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings data on Friday, January 31st. The company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.33) by $0.27. Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. Sell-side analysts anticipate that Brookfield Renewable will post -1.01 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price objective on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating on the stock in a report on Thursday, January 23rd.

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.