Brookfield Renewable Announces Quarterly Dividend Rate on Its Series 2 Preference Shares
Brookfield Renewable Partners L.P.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) announced a quarterly dividend of $0.173665 per share for Series 2 floating-rate Class A Preference Shares. The dividend for the period from November 1, 2020, to January 31, 2021, will yield an annual rate of 2.756%. The payment is due on February 1, 2021. Brookfield Renewable operates a substantial renewable power portfolio, totaling approximately 19,000 megawatts of installed capacity worldwide. The company is a leader in renewable energy, supported by Brookfield Asset Management with $550 billion in assets under management.
Positive
- Quarterly dividend of $0.173665 per share enhances income for shareholders.
- Annualized yield of 2.756% demonstrates strong dividend performance.
- Extensive renewable portfolio with 19,000 megawatts of installed capacity.
- Strong backing from Brookfield Asset Management boosts investor confidence.
Negative
- None.
Details
News Market Reaction – BEP
The recorded move for BEP in the trading session of this news was +3.84%.
Data tracked by StockTitan Argus. Session date unavailable.
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All amounts in Canadian dollars unless otherwise stated
BROOKFIELD, News, Oct. 02, 2020 (GLOBE NEWSWIRE) -- Brookfield Renewable Partners L.P. (TSX: BEP.UN; NYSE: BEP) (“Brookfield Renewable”) today announced the quarterly dividend on Brookfield Renewable Power Preferred Equity Inc.’s floating-rate Class A Preference Shares, Series 2 (“Series 2 Shares”).
The dividend is paid at an annual rate, calculated for each quarter, of
Brookfield Renewable Partners
Brookfield Renewable operates one of the world’s largest publicly traded, pure-play renewable power platforms. Our portfolio consists of hydroelectric, wind, solar and storage facilities in North America, South America, Europe and Asia, and totals approximately 19,000 megawatts of installed capacity and an approximately 18,000 megawatt development pipeline. Investors can access its portfolio either through Brookfield Renewable Partners L.P. (NYSE: BEP; TSX: BEP.UN), a Bermuda-based limited partnership, or Brookfield Renewable Corporation (NYSE, TSX: BEPC), a Canadian corporation. Further information is available at www.bep.brookfield.com and www.bep.brookfield.com/bepc. Important information may be disseminated exclusively via the website; investors should consult the site to access this information.
Brookfield Renewable is the flagship listed renewable power company of Brookfield Asset Management, a leading global alternative asset manager with approximately
| Contact information: | |
| Media: | Investors: |
| Claire Holland | Cara Silverman |
| Senior Vice President – Communications | Manager – Investor Relations |
| (416) 369-8236 | (416) 649-8172 |
| claire.holland@brookfield.com | cara.silverman@brookfield.com |
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