Brookfield Renewable Co. (NYSE:BEPC) Declares Dividend Increase - $0.37 Per Share

Brookfield Renewable Co. (NYSE:BEPC - Get Free Report) announced a quarterly dividend on Friday, January 31st,NASDAQ Dividends reports. Investors of record on Friday, February 28th will be given a dividend of 0.373 per share on Monday, March 31st. This represents a $1.49 annualized dividend and a dividend yield of 5.51%. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from Brookfield Renewable's previous quarterly dividend of $0.36.

Brookfield Renewable has raised its dividend by an average of 13.5% annually over the last three years. Brookfield Renewable has a dividend payout ratio of -258.2% 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 ($1.63) 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 -87.1%.

Brookfield Renewable Trading Up 2.6 %

Shares of BEPC traded up $0.68 during midday trading on Wednesday, hitting $27.07. 1,240,174 shares of the stock were exchanged, compared to its average volume of 1,206,264. Brookfield Renewable has a 52-week low of $21.35 and a 52-week high of $35.14. The stock has a fifty day simple moving average of $28.00 and a 200 day simple moving average of $29.30. The firm has a market cap of $3.92 billion, a P/E ratio of -30.46 and a beta of 1.22. 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 (NYSE:BEPC - Get Free Report) last announced its quarterly earnings data on Friday, January 31st. The company reported ($0.06) earnings per share for the quarter, beating analysts' consensus estimates of ($0.33) by $0.27. Brookfield Renewable had a negative return on equity of 0.06% and a negative net margin of 0.15%. On average, research analysts anticipate that Brookfield Renewable will post -1.62 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on BEPC shares. Wells Fargo & Company dropped their price target on shares of Brookfield Renewable from $35.00 to $33.00 and set an "overweight" rating on the stock in a research note on Monday. JPMorgan Chase & Co. decreased their price objective on shares of Brookfield Renewable from $34.00 to $32.00 and set an "overweight" rating for the company in a research note 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.