Brookfield Renewable (BEPC) has released an update.
Brookfield Renewable Partners has announced a new fixed dividend rate for its Series 3 Preference Shares, offering an annual rate of 6.519% for the next five years, starting August 1, 2024. Shareholders have the option to convert their Series 3 Shares into Series 4 Shares, which will carry a quarterly floating rate dividend of 2.940% above the Government of Canada treasury bill yield. The Series 4 Shares have been conditionally approved for listing on the Toronto Stock Exchange under the symbol ‘BRF.PR.D’.
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