Brookfield Renewable Corporation Declares Quarterly Dividend of $0.37 (NYSE:BEPC)

Brookfield Renewable Corporation (NYSE:BEPC) announced a quarterly dividend on Wednesday, November 5th. Stockholders of record on Friday, November 28th will be given a dividend of 0.373 per share on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date is Friday, November 28th.

Brookfield Renewable has a dividend payout ratio of -827.8% 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 Trading Down 1.9%

BEPC opened at $42.91 on Thursday. The company’s 50 day moving average is $37.11 and its 200-day moving average is $33.75. Brookfield Renewable has a 1-year low of $23.73 and a 1-year high of $44.71. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 1.19. The company has a market cap of $6.22 billion, a P/E ratio of -48.21 and a beta of 1.29.

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.