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Analyzing Brookfield Renewable's Ex-Dividend Date

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Brookfield Renewable (NYSE: BEP) declared a dividend payable on December 31, 2020 to its shareholders as of November 4, 2020. It was also announced that shareholders of Brookfield Renewable's stock as of November 30, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Brookfield Renewable is set for November 27, 2020. The company's current dividend payout sits at $0.43, equating to a dividend yield of 3.0% at current price levels.

Understanding Ex-Dividend Dates'

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Brookfield Renewable's Dividend Performance

Over the past year, Brookfield Renewable has seen its dividend payouts and yields descend downward overall. Last year on November 27, 2019 the company's payout sat at $0.52, which has since decreased by $0.08. Brookfield Renewable's dividend yield last year was 4.83%, which has since declined by 1.83%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.

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Posted-In: Dividends