Dividend Flows Coverage: $0.45 dividends are now a reality for Brookfield Renewable Partners L.P. (NYSE:BEP) shareholders. Here’s why.

Dividend Flows Coverage: $0.45 dividends are now a reality for Brookfield Renewable Partners L.P. (NYSE:BEP) shareholders. Here's why.

Brookfield Renewable Partners L.P. (NYSE:BEP) is expected to pay $0.45 on Dec 31, 2016. The indicated annual dividend is $1.78. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on Brookfield Renewable Partners L.P.’s current price of $29.55, the dividend is 1.51%. This dividend’s record date is Nov 30, 2016 and the announcement date is Nov 4, 2016. The stock increased 1.06% or $0.31 on November 25, hitting $29.55. About 24,429 shares traded hands. Brookfield Renewable Partners LP (NYSE:BEP) has risen 0.96% since April 25, 2016 and is uptrending. It has underperformed by 5.06% the S&P500.

Brookfield Renewable Partners L.P., formerly Brookfield Renewable Energy Partners L.P., owns and operates a portfolio of renewable power generating facilities in North America, Brazil, Colombia and Europe. The company has a market cap of $4.93 billion. The Firm operates over three biomass facilities and Co-generation facilities. It currently has negative earnings. The Firm operates through three divisions: Hydroelectric, Wind and Other, which includes Co-gen and Biomass.

Brookfield Renewable Partners LP (NYSE:BEP) Ratings Coverage

Out of 4 analysts covering Brookfield Renewable Energy Partners (NYSE:BEP), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $33 is the highest target while $27 is the lowest. The $30 average target is 1.52% above today’s ($29.55) stock price. Brookfield Renewable Energy Partners has been the topic of 8 analyst reports since August 19, 2015 according to StockzIntelligence Inc. On Wednesday, July 20 the stock rating was upgraded by Guggenheim to “Buy”. The rating was upgraded by Desjardins Securities on Thursday, January 14 to “Buy”. Desjardins Securities downgraded the stock to “Hold” rating in Friday, July 29 report. The stock has “Equal-Weight” rating given by Barclays Capital on Monday, October 12. The stock has “Hold” rating given by Zacks on Wednesday, August 19. On Monday, June 13 the stock rating was reinitiated by BMO Capital Markets with “Outperform”.

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