Brookfield Renewable Corporation (BEPC) to Issue Quarterly Dividend of $0.39 on June 30th

Brookfield Renewable Corporation (NYSE:BEPC) announced a quarterly dividend on Thursday, April 30th. Shareholders of record on Friday, May 29th will be given a dividend of 0.392 per share on Tuesday, June 30th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, May 29th.

Brookfield Renewable has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. Brookfield Renewable has a payout ratio of -866.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Brookfield Renewable to earn ($2.52) 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 -61.9%.

Brookfield Renewable Stock Up 4.2%

Brookfield Renewable stock opened at $39.07 on Wednesday. The stock has a 50-day moving average of $39.46 and a two-hundred day moving average of $40.27. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 1.81. Brookfield Renewable has a one year low of $28.76 and a one year high of $45.18.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on BEPC shares. Weiss Ratings cut Brookfield Renewable from a “sell (d)” rating to a “sell (e+)” rating in a research note on Monday, May 4th. Morgan Stanley reiterated an “underweight” rating and issued a $42.00 price target (down from $48.00) on shares of Brookfield Renewable in a research note on Monday, March 23rd. Wall Street Zen lowered Brookfield Renewable from a “hold” rating to a “sell” rating in a research note on Saturday, March 28th. Finally, JPMorgan Chase & Co. raised their target price on Brookfield Renewable from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat, Brookfield Renewable presently has a consensus rating of “Reduce” and a consensus price target of $42.33.

Brookfield Renewable Company Profile

Brookfield Renewable Corporation (NYSE: BEPC) is a leading global owner, operator and developer of renewable power assets. Through its preferred equity securities, BEPC provides investors with exposure to a diversified portfolio of hydropower, wind, solar and energy storage facilities that are underpinned by long-term contractual revenues. The company focuses on delivering clean energy to wholesale and retail markets across multiple jurisdictions, leveraging the experience and financial backing of its parent, Brookfield Asset Management.

The company’s operations span North America, South America, Europe and Asia-Pacific, with more than 23,000 megawatts of operational capacity.