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

Brookfield Renewable Co. (NYSE:BEPC) declared a quarterly dividend on Monday, May 6th, Wall Street Journal reports. Shareholders of record on Friday, May 31st will be given a dividend of 0.355 per share on Friday, June 28th. This represents a $1.42 annualized dividend and a dividend yield of 4.79%. The ex-dividend date is Friday, May 31st.

Brookfield Renewable has raised its dividend by an average of 33.7% per year 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. Analysts expect Brookfield Renewable to earn ($1.13) 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 -125.7%.

Brookfield Renewable Stock Performance

Shares of BEPC stock traded up $1.25 on Monday, hitting $29.62. The company’s stock had a trading volume of 1,749,093 shares, compared to its average volume of 1,094,599. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.40 and a current ratio of 0.40. The stock’s 50 day moving average is $23.99 and its 200-day moving average is $25.79. Brookfield Renewable has a fifty-two week low of $21.35 and a fifty-two week high of $36.16. The company has a market capitalization of $5.32 billion, a PE ratio of -91.03 and a beta of 1.09.

Brookfield Renewable (NYSE:BEPC) last posted its quarterly earnings data on Friday, February 2nd. The company reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.15. Brookfield Renewable had a net margin of 12.23% and a return on equity of 3.67%. The business had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.21 billion. Equities research analysts expect that Brookfield Renewable will post -1.11 earnings per share for the current fiscal year.

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.