Brookfield Renewable Co. (BEPC) To Go Ex-Dividend on November 29th

Brookfield Renewable Co. (NYSE:BEPC) declared a quarterly dividend on Friday, November 8th,Wall Street Journal reports. Investors of record on Friday, November 29th will be given 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 is Friday, November 29th.

Brookfield Renewable has increased 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% indicating that 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 Stock Up 1.0 %

Shares of NYSE BEPC traded up $0.33 during midday trading on Wednesday, hitting $32.19. 37,716 shares of the company’s stock were exchanged, compared to its average volume of 957,202. The company has a debt-to-equity ratio of 0.89, a quick ratio of 0.51 and a current ratio of 0.51. Brookfield Renewable has a 12 month low of $21.35 and a 12 month high of $35.14. The company’s 50 day moving average price is $31.39 and its 200 day moving average price is $30.13.

Brookfield Renewable (NYSE:BEPC) last released its quarterly earnings data on Friday, November 8th. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.28) by ($0.04). The company 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 last year, the firm earned ($0.14) earnings per share. Equities research analysts predict that Brookfield Renewable will post -1.04 earnings per share for the current year.

Analysts Set New Price Targets

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

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.