Brookfield Renewable Partners L.P. (BEP) to Distribute Quarterly Dividend of $0.39 on September 29th

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 is Monday, August 31st.

Brookfield Renewable Partners has decreased its dividend by an average of 0.0%per year over the last three years and has raised its dividend every year for the last 2 years. Brookfield Renewable Partners has a dividend payout ratio of -15,600.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Stock Performance

Shares of NYSE:BEP opened at $32.89 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.75 and a quick ratio of 0.75. The business’s 50 day moving average price is $34.33 and its 200-day moving average price is $32.70. The firm has a market capitalization of $9.87 billion, a PE ratio of -71.50 and a beta of 1.10. Brookfield Renewable Partners has a 1 year low of $24.13 and a 1 year high of $38.12.

Brookfield Renewable Partners (NYSE:BEP) (TSE:BEP) last issued its quarterly earnings results on Friday, July 31st. The utilities provider reported ($0.37) EPS for the quarter, missing the consensus estimate of ($0.35) by ($0.02). Brookfield Renewable Partners had a return on equity of 1.57% and a net margin of 8.28%.The firm had revenue of $1.71 billion for the quarter, compared to analysts’ expectations of $1.56 billion. As a group, equities research analysts expect that Brookfield Renewable Partners will post -1.55 earnings per share for the current fiscal year.

Trending Headlines about Brookfield Renewable Partners

Here are the key news stories impacting Brookfield Renewable Partners this week:

• Positive Sentiment: Brookfield Renewable reported what management described as record second-quarter results, robust capital deployment, and its highest development activity levels. Revenue of $1.71 billion exceeded the $1.56 billion consensus estimate, supporting the view that demand for renewable power and the company’s growth pipeline remain strong. Brookfield Renewable Reports Strong Second Quarter Results
• Positive Sentiment: The company declared a quarterly distribution of $0.392 per share, payable September 29 to shareholders of record August 31. The annualized payout of approximately $1.568 represents a yield of about 4.8%, which may appeal to income-focused investors and help support the shares. Brookfield Renewable dividend announcement
• Positive Sentiment: A recent investment commentary presented Brookfield Renewable as a potentially lower-risk way to participate in the artificial-intelligence power boom than more speculative companies such as Bloom Energy. That positioning could attract investors seeking exposure to rising electricity demand through a diversified renewable-power operator. Bloom Energy Is Soaring: Is There a Better Way To Play The AI Power Boom?
• Neutral Sentiment: Analysts’ review of second-quarter operating metrics may provide additional context on performance versus estimates and the prior year, but the available report does not identify a specific new catalyst. Compared to Estimates, Brookfield Renewable Q2 Earnings
• Negative Sentiment: Reported EPS of negative $0.37 missed the negative $0.35 consensus estimate by $0.02. Despite the revenue beat, the earnings shortfall and low reported profitability could temper the positive reaction to the quarter.

Brookfield Renewable Partners Company Profile

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.