Brookfield Renewable Co. (BEPC) to Issue Quarterly Dividend of $0.36 on June 28th

Brookfield Renewable Co. (NYSE:BEPCGet Free Report) announced a quarterly dividend on Thursday, May 2nd, Wall Street Journal reports. Stockholders 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 4.57%. The ex-dividend date of this dividend is Friday, May 31st.

Brookfield Renewable has increased its dividend payment by an average of 32.7% per year over the last three years. Brookfield Renewable has a dividend payout ratio of -273.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Brookfield Renewable to earn ($1.10) 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 -129.1%.

Brookfield Renewable Stock Performance

Shares of NYSE:BEPC traded down $0.79 on Wednesday, hitting $31.09. The company had a trading volume of 131,637 shares, compared to its average volume of 1,067,594. The business has a 50 day moving average of $26.38 and a 200 day moving average of $26.68. Brookfield Renewable has a 52-week low of $21.35 and a 52-week high of $35.59. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.82.

About Brookfield Renewable

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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.

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Dividend History for Brookfield Renewable (NYSE:BEPC)

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