Brookfield Renewable Announces Quarterly Dividend Rate on Its Series 2 Preference Shares

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.

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 2.62% over the annual yield on three-month Government of Canada treasury bills. The actual quarterly dividend rate in respect of the November 1, 2020 to January 31, 2021 dividend period will be 0.69466% (2.756% on an annualized basis) and the dividend, if declared, of such dividend period will be $0.173665 per share, payable on Monday, February 1, 2021.

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 $550 billion of assets under management.

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

FAQ

What is the dividend amount for Brookfield Renewable Partners BEP for Q1 2021?

The quarterly dividend for Brookfield Renewable Partners L.P. is $0.173665 per share.

When will the dividend for Brookfield Renewable Partners BEP be paid?

The dividend will be payable on February 1, 2021.

What is the annual yield for the dividend of Brookfield Renewable Partners BEP?

The annual yield for the dividend is set at 2.756%.

How large is Brookfield Renewable's power capacity?

Brookfield Renewable operates approximately 19,000 megawatts of installed capacity.

Who manages Brookfield Renewable Partners?

Brookfield Renewable is managed by Brookfield Asset Management, which has approximately $550 billion in assets under management.