Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR) to Issue -- Dividend of $0.16

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) announced a -- dividend on Friday, April 4th, Wall Street Journal reports. Stockholders of record on Wednesday, April 30th will be paid a dividend of 0.1575 per share by the utilities provider on Tuesday, May 20th. This represents a dividend yield of 4%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a 11.4% increase from Centrais Elétricas Brasileiras S.A. - Eletrobrás's previous -- dividend of $0.14.

Centrais Elétricas Brasileiras S.A. - Eletrobrás has decreased its dividend by an average of 21.0% per year over the last three years.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Price Performance

Shares of NYSE EBR traded up $0.34 during mid-day trading on Wednesday, reaching $7.14. 1,867,869 shares of the company traded hands, compared to its average volume of 1,186,600. Centrais Elétricas Brasileiras S.A. - Eletrobrás has a fifty-two week low of $5.45 and a fifty-two week high of $8.21. The firm has a market cap of $16.02 billion, a PE ratio of 8.70, a price-to-earnings-growth ratio of 4.35 and a beta of 0.65. The stock has a fifty day simple moving average of $6.77 and a 200-day simple moving average of $6.42. The company has a debt-to-equity ratio of 0.47, a current ratio of 2.06 and a quick ratio of 2.04.

Centrais Elétricas Brasileiras S.A. - Eletrobrás (NYSE:EBR - Get Free Report) last announced its quarterly earnings results on Friday, March 14th. The utilities provider reported $0.03 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.08). The business had revenue of $1.67 billion for the quarter, compared to analyst estimates of $10.17 billion. Centrais Elétricas Brasileiras S.A. - Eletrobrás had a return on equity of 9.00% and a net margin of 26.50%. Equities research analysts anticipate that Centrais Elétricas Brasileiras S.A. - Eletrobrás will post 0.32 EPS for the current fiscal year.

Centrais Elétricas Brasileiras S.A. - Eletrobrás Company Profile

Centrais Elétricas Brasileiras SA - Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.