Brookfield Renewable Partners (BEP) stock is up 0.79% to close on Wednesday but remains down 0.86% in the last month. The company recently announced quarterly dividend rates for its Series 2 Shares.
The renewable energy company will pay an annual rate of 2.62% in dividends.
Brookfield also announced yesterday that they will hold their third-quarter conference call on November 1, 2017, at 9:00 a.m. ST. The company will discuss its latest initiatives and results with investors. BEP’s Q3 2017 results will be released before the opening bell on November 1.
A pure-play renewable platform, the company’s portfolio of facilities includes hydroelectric and wind operations in Brazil, Colombia, Europe and North America. Brookfield maintains more than 11,000 megawatts of installed capacity.
The company is under the Brookfield Asset Management company, which has $250 billion in assets under their control. The management company offers global alternative asset management, with investments in renewable energy, infrastructure, and real estate.
The management company invests in alternatives, including smarter buildings and technologies.
BEP’s cash flow and distributions have grown at a steady pace, with 16% annual returns for investors. The company, known for its high dividend yields, offers low-risk opportunity investments. The company’s portfolio of hydro assets continues to grow in value as their operating capabilities focus on long-term results.
The company recently acquired $5 billion in hydro assets from Colombia. The company’s stock is up over 5% in the trailing 90-day period primarily on the takeover of TerraForm Power (TERP). TerraForm, a public company has seen its shares dip 60% since they went public.
The bankrupt company’s assets are now under control by Brookfield Asset Management. The management company is expected to provide operational and financial support to help TerraForm return to profitability.
Brookfield Renewable Partners, the management company’s renewable power vehicle, has compound annualized returns of 14% in the past five years. The company’s takeover could mean that investors of TerraForm will have value created for them rather than suffering major losses.
Brookfield acquired a 51% stake in the company and will bring the company private. Brookfield Renewable Partners will inject $500 million into the company, helping to improve its finances and reduce the cost of capital.
TerraForm will transition to a top-wind and solar energy company. The entity has operations in Western Europe and North America. The $500 million in equity will allow TerraForm to continue to expand their operations with the intent of boosting the company’s finances so that it can secure other funding sources.