Brookfield Renewable Partners LP (NYSE:BEP) (TSE:BEP) declared a quarterly dividend on Monday, February 11th, Wall Street Journal reports. Stockholders of record on Thursday, February 28th will be paid a dividend of 0.515 per share by the utilities provider on Friday, March 29th. This represents a $2.06 annualized dividend and a dividend yield of 7.09%. The ex-dividend date is Wednesday, February 27th. This is an increase from Brookfield Renewable Partners’s previous quarterly dividend of $0.49.
Brookfield Renewable Partners has increased its dividend by an average of 7.5% annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Brookfield Renewable Partners has a payout ratio of 93.6% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Brookfield Renewable Partners to earn $0.30 per share next year, which means the company may not be able to cover its $2.06 annual dividend with an expected future payout ratio of 686.7%.
BEP stock traded down $0.25 on Monday, hitting $29.04. The company’s stock had a trading volume of 273,988 shares, compared to its average volume of 190,207. Brookfield Renewable Partners has a 1 year low of $24.51 and a 1 year high of $32.69. The company has a market cap of $5.24 billion, a price-to-earnings ratio of -161.33, a price-to-earnings-growth ratio of 10.85 and a beta of 0.58. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.95 and a quick ratio of 0.95.
COPYRIGHT VIOLATION WARNING: This news story was originally published by Ticker Report and is owned by of Ticker Report. If you are viewing this news story on another website, it was illegally stolen and republished in violation of United States & international trademark and copyright law. The legal version of this news story can be viewed at https://www.tickerreport.com/banking-finance/4144277/brookfield-renewable-partners-lp-bep-to-issue-dividend-increase-0-52-per-share.html.
Brookfield Renewable Partners Company Profile
Brookfield Renewable Partners L.P. owns a portfolio of renewable power generating facilities in the North America, Colombia, Brazil, Europe, and internationally. The company operates through Hydroelectric; Wind; and Solar, Storage, and others segments. It operates 840 generation facilities using hydro, solar, wind, biomass, and other renewable technologies.
Further Reading: Why is the price-sales ratio important?
Receive News & Ratings for Brookfield Renewable Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Brookfield Renewable Partners and related companies with MarketBeat.com's FREE daily email newsletter.