Brookfield Renewable Partners L.P.
BEPUtilities · Stock · quarterly payer
Forward Yield
4.94%
Annual Dividend
$1.57
Payout Ratio
649%
5-Yr Growth
5.2%
Ex-Date
May 29, 2026
Frequency
Quarterly
Summary
As of July 2026, Brookfield Renewable Partners L.P. (BEP) yields 4.94% ($1.57 per share annually), with a blended fair-value estimate of $25.50 — -20% downside, so it screens as overvalued. Dividend safety grade: B (74/100). 11 years of dividend growth.
Is BEP a good dividend stock?
Yes, with caveatsBrookfield Renewable Partners L.P. (BEP) pays a quarterly dividend yielding 4.94% ($1.57/yr), with 11 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- 11 consecutive years of dividend growth
- Never cut its dividend on record
- Strong 5.2% 5-yr dividend growth
Risks
- Elevated payout ratio (649%)
- Share price is down over the past 5 years
Key Data
- Dividend Yield
- 4.94%
- Payout Ratio
- 649%
- Annual Dividend
- $1.57
- 5-Yr Avg Growth
- 5.2%
- Ex-Dividend Date
- May 29, 2026
- Years of Growth
- 11
- Frequency
- quarterly
- Beta
- 1.00
- Market Cap
- $21.9B
- P/E Ratio
- —
- 5-Yr Total Return
- -22%
- 52-Week Range
- $24.13 – $38.12
- Dividend Safety
- B · 74/100
- Ever Cut?
- No
Frequently Asked Questions
BEP Price — Last 12 Months
Daily close
Price Return
1 Year
+25%
3 Years
+25%
5 Years
-22%
52-Week Range
$24.13 – $38.12
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is BEP worth?
Overvaluedlow confidenceOur blended fair-value estimate for Brookfield Renewable Partners L.P. is $25.50 per share, versus a market price of $31.76. That implies 20% of downside.
Fair Value
$25.50
Current Price
$31.76
Downside
-20%
Margin of Safety
-25%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 40.0% annual free-cash-flow growth. We model 4.2% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.3% discount rate (CAPM), 4.2% stage-1 growth, 2.5% terminal growth, -$0.30 EPS, $1.57 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
BEP Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| May 29, 2026 | — | $0.3920 | regular |
| Feb 27, 2026 | — | $0.3920 | regular |
| May 30, 2025 | — | $0.3730 | regular |
| Feb 28, 2025 | — | $0.3730 | regular |
| Nov 29, 2024 | — | $0.3550 | regular |
| Aug 30, 2024 | — | $0.3550 | regular |
| May 31, 2024 | — | $0.3550 | regular |
| Feb 28, 2024 | — | $0.3550 | regular |
| Nov 29, 2023 | — | $0.3380 | regular |
| Aug 30, 2023 | — | $0.3380 | regular |
| May 30, 2023 | — | $0.3380 | regular |
| Feb 27, 2023 | — | $0.3380 | regular |
| Nov 29, 2022 | — | $0.3200 | regular |
| Aug 30, 2022 | — | $0.3200 | regular |
Income Calculator
At $1.57 / yr per share
