Brookfield Renewable Corporation (NYSE:BEPC) to Issue Quarterly Dividend of $0.39

Brookfield Renewable Corporation (NYSE:BEPC) announced a quarterly dividend on Friday, January 30th. Investors of record on Friday, February 27th will be given a dividend of 0.392 per share on Tuesday, March 31st. This represents a c) dividend on an annualized basis and a yield of 3.6%. The ex-dividend date is Friday, February 27th. This is a 5.1% increase from Brookfield Renewable’s previous quarterly dividend of $0.37.

Brookfield Renewable has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Brookfield Renewable has a dividend 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.

Brookfield Renewable Stock Up 0.9%

NYSE:BEPC traded up $0.38 during trading hours on Wednesday, reaching $43.84. 323,397 shares of the stock were exchanged, compared to its average volume of 968,772. The company has a debt-to-equity ratio of 1.21, a current ratio of 0.13 and a quick ratio of 0.39. Brookfield Renewable has a twelve month low of $23.73 and a twelve month high of $45.18. The firm has a 50 day moving average of $40.29 and a 200 day moving average of $38.72. The stock has a market cap of $6.35 billion, a PE ratio of -49.28 and a beta of 1.22.

Institutional Trading of Brookfield Renewable

Hedge funds and other institutional investors have recently modified their holdings of the company. Motiv8 Investments LLC purchased a new stake in Brookfield Renewable during the fourth quarter valued at about $25,000. Torren Management LLC acquired a new stake in Brookfield Renewable in the fourth quarter worth about $26,000. Thurston Springer Miller Herd & Titak Inc. acquired a new position in Brookfield Renewable during the fourth quarter worth $27,000. Princeton Global Asset Management LLC lifted its stake in Brookfield Renewable by 102.5% in the 4th quarter. Princeton Global Asset Management LLC now owns 800 shares of the company’s stock valued at $31,000 after purchasing an additional 405 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in Brookfield Renewable by 191.5% in the 3rd quarter. Smartleaf Asset Management LLC now owns 997 shares of the company’s stock valued at $35,000 after purchasing an additional 655 shares during the period. Institutional investors own 75.12% of the company’s stock.

About Brookfield Renewable

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.