Brookfield Renewable Partners (TSE:BEP.UN) Stock Passes Below 200 Day Moving Average – Here’s What Happened

Brookfield Renewable Partners LP (TSE:BEP.UN) (NYSE:BEP)’s stock price crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$35.11 and traded as low as C$32.56. Brookfield Renewable Partners shares last traded at C$32.95, with a volume of 189,804 shares changing hands.

Brookfield Renewable Partners Price Performance

The business’s 50 day moving average price is C$35.47 and its 200-day moving average price is C$35.11. The company has a quick ratio of 0.45, a current ratio of 0.52 and a debt-to-equity ratio of 107.80. The company has a market cap of C$9.39 billion, a PE ratio of -37.87, a price-to-earnings-growth ratio of 8.53 and a beta of 0.89.

Brookfield Renewable Partners Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date of this dividend is Friday, November 29th. Brookfield Renewable Partners’s payout ratio is -219.54%.

About Brookfield Renewable Partners

Brookfield Renewable is a globally diversified, multitechnology owner and operator of clean energy assets. The company’s portfolio consists of hydroelectric, wind, solar, and storage facilities in North America, South America, Europe, and Asia, and totals approximately 21 gigawatts of installed capacity.