Brookfield Renewable Partners LP (BEP) to Issue Dividend Increase – $0.52 Per Share

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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.

Several analysts recently commented on the stock. ValuEngine downgraded shares of Brookfield Renewable Partners from a “buy” rating to a “hold” rating in a research report on Monday, February 4th. Zacks Investment Research downgraded shares of Brookfield Renewable Partners from a “hold” rating to a “sell” rating in a research report on Thursday, January 31st. Wells Fargo & Co set a $34.00 price objective on shares of Brookfield Renewable Partners and gave the stock a “buy” rating in a research report on Wednesday, October 31st. Finally, TheStreet downgraded shares of Brookfield Renewable Partners from a “c-” rating to a “d+” rating in a research report on Tuesday, October 30th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $33.08.

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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?

Dividend History for Brookfield Renewable Partners (NYSE:BEP)

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