Brookfield Renewable Partners L.P. (NYSE:BEP) Declares Quarterly Dividend of $0.39

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) declared a quarterly dividend on Friday, January 30th. Stockholders of record on Friday, February 27th will be given a dividend of 0.392 per share by the utilities provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, February 27th. This is a 5.1% increase from Brookfield Renewable Partners’s previous quarterly dividend of $0.37.

Brookfield Renewable Partners has decreased its dividend payment by an average of 0.0%per year over the last three years and has increased its dividend annually for the last 2 consecutive years. Brookfield Renewable Partners has a payout ratio of -15,600.0% 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 Partners to earn ($0.86) 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 -181.4%.

Brookfield Renewable Partners Stock Performance

BEP stock traded up $0.28 on Wednesday, reaching $32.38. The company’s stock had a trading volume of 174,808 shares, compared to its average volume of 576,448. The firm has a fifty day moving average of $28.89 and a two-hundred day moving average of $27.85. The company has a market capitalization of $9.19 billion, a P/E ratio of -124.54 and a beta of 1.14. Brookfield Renewable Partners has a 52 week low of $19.29 and a 52 week high of $32.78. The company has a debt-to-equity ratio of 0.91, a current ratio of 0.19 and a quick ratio of 0.58.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its earnings results on Friday, January 30th. The utilities provider reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.34) by $0.88. Brookfield Renewable Partners had a net margin of 11.11% and a return on equity of 2.15%. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.49 billion. As a group, analysts predict that Brookfield Renewable Partners will post -1.04 EPS for the current fiscal year.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. is a leading global owner, operator and developer of renewable power assets. Listed on the New York Stock Exchange under the ticker BEP, the partnership focuses on generating clean electricity from a diversified mix of hydroelectric, wind, solar and energy storage facilities. As part of the Brookfield Asset Management group, Brookfield Renewable leverages a long-term, asset-backed approach to investing in sustainable energy projects that support the transition to a low-carbon economy.

The company’s platform encompasses approximately 23,000 megawatts of installed capacity across four continents.