Brookfield Renewable Partners L.P. (NYSE:BEP) Declares Dividend Increase – $0.39 Per Share

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) declared a quarterly dividend on Friday, January 30th. Investors of record on Friday, February 27th will be given a dividend of 0.392 per share by the utilities provider on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Friday, February 27th. This is a 5.1% increase from Brookfield Renewable Partners’s previous quarterly dividend of $0.37.

Brookfield Renewable Partners has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 2 consecutive years. Brookfield Renewable Partners has a payout ratio of -15,600.0% meaning 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 Partners to earn ($0.86) per share next year, which means the company may not be able to cover its $1.56 annual dividend with an expected future payout ratio of -181.4%.

Brookfield Renewable Partners Stock Up 0.9%

NYSE:BEP traded up $0.27 during mid-day trading on Wednesday, hitting $32.37. The company had a trading volume of 103,543 shares, compared to its average volume of 574,021. The business has a fifty day simple moving average of $28.89 and a 200-day simple moving average of $27.85. The firm has a market capitalization of $9.19 billion, a price-to-earnings ratio of -124.20 and a beta of 1.14. Brookfield Renewable Partners has a 1 year low of $19.29 and a 1 year high of $32.78. The company has a current ratio of 0.19, a quick ratio of 0.58 and a debt-to-equity ratio of 0.91.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its earnings results on Friday, January 30th. The utilities provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of ($0.34) by $0.88. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.49 billion. Brookfield Renewable Partners had a return on equity of 2.15% and a net margin of 11.11%. Equities analysts forecast that Brookfield Renewable Partners will post -1.04 earnings per share for the current fiscal year.

About Brookfield Renewable Partners

Brookfield Renewable Partners L.P. is a leading global owner, operator and developer of renewable power assets. Listed on the New York Stock Exchange under the ticker BEP, the partnership focuses on generating clean electricity from a diversified mix of hydroelectric, wind, solar and energy storage facilities. As part of the Brookfield Asset Management group, Brookfield Renewable leverages a long-term, asset-backed approach to investing in sustainable energy projects that support the transition to a low-carbon economy.

The company’s platform encompasses approximately 23,000 megawatts of installed capacity across four continents.