Can Brookfield Renewable Support Its Dividend?

Brookfield Renewable (NYSE: BEP)(NYSE: BEPC) pays a high-yield dividend. At 3.6%, it's more than the S&P 500's dividend yield of 1.3%. Investors might wonder if the renewable energy company can support its high yield. Here's a closer look at Brookfield's dividend. 

Brookfield Renewable's current dividend payment is $0.30375 per share each quarter. It has had no problems covering that payout so far this year. Brookfield generated $0.36 per share of funds from operations (FFO) during the third quarter and $1.28 per share through the first nine months. That implies a dividend payout ratio of 84% in the third quarter and 71% for the year. That's not bad, considering that Brookfield Renewable is an income-focused company.  

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Source Fool.com