Brookfield Renewable Co. (BEPC) To Go Ex-Dividend on February 28th

Brookfield Renewable Co. (NYSE:BEPC) declared a quarterly dividend on Friday, January 31st, NASDAQ Dividends reports. Shareholders of record on Friday, February 28th will be paid a dividend of 0.373 per share on Monday, March 31st. This represents a $1.49 annualized dividend and a yield of 5.25%. The ex-dividend date is Friday, February 28th. This is a positive change from Brookfield Renewable’s previous quarterly dividend of $0.36.

Brookfield Renewable has increased its dividend payment by an average of 13.5% per year over the last three years. Brookfield Renewable has a payout ratio of -338.1% 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 Stock Performance

NYSE BEPC opened at $28.41 on Wednesday. The company has a fifty day moving average price of $27.18 and a 200-day moving average price of $29.29. The firm has a market cap of $4.12 billion, a price-to-earnings ratio of -31.92 and a beta of 1.22. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.27 and a quick ratio of 0.51. Brookfield Renewable has a 1 year low of $21.35 and a 1 year high of $35.14.

Brookfield Renewable (NYSE:BEPC) last issued its quarterly earnings data on Friday, January 31st. The company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.33) by $0.27. Brookfield Renewable had a negative net margin of 0.15% and a negative return on equity of 0.06%.

Wall Street Analyst Weigh In

A number of analysts recently commented on the company. Wells Fargo & Company decreased their price target on Brookfield Renewable from $35.00 to $33.00 and set an “overweight” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. decreased their target price on Brookfield Renewable from $34.00 to $32.00 and set an “overweight” rating for the company in a research report on Thursday, January 23rd.

Brookfield Renewable Company Profile

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.