Brookfield Renewable Partners L.P. Announces Quarterly Dividend of $0.39 (NYSE:BEP)

Brookfield Renewable Partners L.P. (NYSE:BEP) (TSE:BEP) declared a quarterly dividend on Friday, July 31st. Stockholders of record on Monday, August 31st will be given a dividend of 0.392 per share by the utilities provider on Tuesday, September 29th. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Monday, August 31st.

Brookfield Renewable Partners has decreased its dividend payment by an average of 0.0%per year over the last three years and has raised 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. Research analysts expect Brookfield Renewable Partners to earn ($1.51) 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 -103.3%.

Brookfield Renewable Partners Trading Up 0.7%

BEP traded up $0.23 on Friday, hitting $32.89. 1,036,176 shares of the company were exchanged, compared to its average volume of 818,484. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.75 and a current ratio of 0.75. Brookfield Renewable Partners has a 12 month low of $24.13 and a 12 month high of $38.12. The stock has a market capitalization of $9.87 billion, a PE ratio of -106.09 and a beta of 1.10. The firm has a fifty day simple moving average of $34.38 and a two-hundred day simple moving average of $32.70.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last announced its quarterly earnings results on Friday, July 31st. The utilities provider reported ($0.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.34) by ($0.03). Brookfield Renewable Partners had a return on equity of 1.57% and a net margin of 8.28%. Sell-side analysts expect that Brookfield Renewable Partners will post -1.55 earnings per share for the current 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.