Brookfield Renewable Corporation (BEPC) To Go Ex-Dividend on November 28th

Brookfield Renewable Corporation (NYSE:BEPC) announced a quarterly dividend on Wednesday, November 5th. Shareholders of record on Friday, November 28th will be given a dividend of 0.373 per share on Wednesday, December 31st. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Friday, November 28th.

Brookfield Renewable has a dividend payout ratio of -827.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Brookfield Renewable Price Performance

BEPC stock opened at $44.36 on Friday. Brookfield Renewable has a one year low of $23.73 and a one year high of $44.71. The firm has a 50-day moving average of $37.31 and a two-hundred day moving average of $33.82. The firm has a market capitalization of $6.43 billion, a PE ratio of -49.84 and a beta of 1.29. The company has a current ratio of 0.27, a quick ratio of 0.27 and a debt-to-equity ratio of 1.19.

Institutional Investors Weigh In On Brookfield Renewable

Several large investors have recently made changes to their positions in BEPC. Vanguard Group Inc. raised its position in Brookfield Renewable by 2.4% during the first quarter. Vanguard Group Inc. now owns 5,717,397 shares of the company’s stock valued at $159,596,000 after acquiring an additional 135,776 shares in the last quarter. Parnassus Investments LLC increased its stake in shares of Brookfield Renewable by 1.4% during the 3rd quarter. Parnassus Investments LLC now owns 5,337,630 shares of the company’s stock worth $183,721,000 after purchasing an additional 74,543 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of Brookfield Renewable by 2.7% during the 3rd quarter. Principal Financial Group Inc. now owns 4,646,524 shares of the company’s stock valued at $159,935,000 after purchasing an additional 121,328 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Brookfield Renewable by 10.8% in the 2nd quarter. Legal & General Group Plc now owns 3,827,746 shares of the company’s stock valued at $125,179,000 after purchasing an additional 373,517 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Brookfield Renewable by 49.6% in the second quarter. Canada Pension Plan Investment Board now owns 2,972,774 shares of the company’s stock worth $97,457,000 after purchasing an additional 985,442 shares in the last quarter. Institutional investors own 75.12% of the company’s stock.

About Brookfield Renewable

Brookfield Renewable Corporation owns and operates a portfolio of renewable power and sustainable solution assets primarily in the United States, Europe, Colombia, and Brazil. It operates hydroelectric, wind, solar, and distributed energy and sustainable solutions with an installed capacity of approximately 19,161 megawatts.