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

Brookfield Renewable Co. (NYSE:BEPC) announced a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Investors of record on Friday, November 29th will be paid a dividend of 0.355 per share on Tuesday, December 31st. This represents a $1.42 dividend on an annualized basis and a yield of 4.41%. The ex-dividend date of this dividend is Friday, November 29th.

Brookfield Renewable has raised its dividend by an average of 32.7% per year over the last three years. Brookfield Renewable has a dividend payout ratio of -175.3% 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 ($1.62) 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 1.0 %

NYSE BEPC traded up $0.33 during midday trading on Wednesday, hitting $32.19. The company had a trading volume of 37,716 shares, compared to its average volume of 957,202. Brookfield Renewable has a twelve month low of $21.35 and a twelve month high of $35.14. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.51 and a quick ratio of 0.51. The firm has a 50-day moving average price of $31.39 and a 200-day moving average price of $30.13.

Brookfield Renewable (NYSE:BEPC) last posted its quarterly earnings data on Friday, November 8th. The company reported ($0.32) earnings per share for the quarter, missing the consensus estimate of ($0.28) by ($0.04). The firm had revenue of $1.47 billion for the quarter, compared to the consensus estimate of $1.37 billion. Brookfield Renewable had a return on equity of 0.43% and a net margin of 1.16%. During the same period in the prior year, the company earned ($0.14) EPS. On average, analysts expect that Brookfield Renewable will post -1.04 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their price objective on shares of Brookfield Renewable from $34.00 to $32.00 and set a “neutral” rating for the company in a research report on Thursday, October 17th.

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.