Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) Increases Dividend to $0.16 Per Share

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) declared a — dividend on Friday, April 4th, Wall Street Journal reports. Shareholders of record on Wednesday, April 30th will be given a dividend of 0.1575 per share by the utilities provider on Tuesday, May 20th. This represents a yield of 4%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a 11.4% increase from Centrais Elétricas Brasileiras S.A. – Eletrobrás’s previous — dividend of $0.14.

Centrais Elétricas Brasileiras S.A. – Eletrobrás has decreased its dividend payment by an average of 21.0% per year over the last three years.

Centrais Elétricas Brasileiras S.A. – Eletrobrás Price Performance

EBR stock opened at $7.63 on Monday. The stock has a market cap of $17.14 billion, a PE ratio of 9.30, a P/E/G ratio of 4.35 and a beta of 0.65. Centrais Elétricas Brasileiras S.A. – Eletrobrás has a 12 month low of $5.45 and a 12 month high of $8.15. The company has a 50-day moving average price of $7.00 and a 200 day moving average price of $6.43. The company has a current ratio of 2.06, a quick ratio of 2.04 and a debt-to-equity ratio of 0.47.

Centrais Elétricas Brasileiras S.A. – Eletrobrás (NYSE:EBR) last posted its quarterly earnings results on Friday, March 14th. The utilities provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.08). Centrais Elétricas Brasileiras S.A. – Eletrobrás had a return on equity of 9.00% and a net margin of 26.50%. The company had revenue of $1.67 billion during the quarter, compared to the consensus estimate of $10.17 billion. Equities research analysts anticipate that Centrais Elétricas Brasileiras S.A. – Eletrobrás will post 0.32 earnings per share for the current year.

About Centrais Elétricas Brasileiras S.A. – Eletrobrás

Centrais Elétricas Brasileiras SA – Eletrobrás, through its subsidiaries, engages in the generation, transmission, and commercialization of electricity in Brazil. The company generates electricity through hydroelectric, thermoelectric, nuclear, wind, and solar plants. As of December 31, 2023, it owned and operated 44 hydroelectric plants with a total capacity of 42,293.5 megawatt (MW); 5 thermal plants, including coal and gas power generation units with a total installed capacity of 1,632 MW; and two nuclear power plants comprising Angra 1 with an installed capacity of 657 MW and Angra 2 with an installed capacity of 1350 MW.